Martin Marietta Reports Third Quarter 2018 Results

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Go back to Martin Marietta Reports Third Quarter 2018 Results

Martin Marietta Materials (MLM) Tops Q3 EPS by 7c, Revenues Beat; Provides FY18 Revenue Guidance

November 6, 2018 6:57 AM EST

Martin Marietta Materials (NYSE: MLM) reported Q3 EPS of $2.85, $0.07 better than the analyst estimate of $2.78. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.15 billion.

Ward Nye, Chairman, President and CEO of Martin Marietta, stated, Our record third-quarter results demonstrate Martin Mariettas strong execution as we capitalized on the improving strength of the current construction cycle while successfully managing through near-term challenges. Aggregates, cement and ready mixed concrete shipments meaningfully accelerated in July and August under normal operating conditions. Pricing also improved, highlighting robust product demand across our geographic footprint. In... More