Martin Marietta Reports Third-Quarter 2020 Results
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Martin Marietta Materials (MLM) Tops Q3 EPS by 94c, Revenues Beat
October 29, 2020 7:15 AM EDTMartin Marietta Materials (NYSE: MLM) reported Q3 EPS of $4.71, $0.94 better than the analyst estimate of $3.77. Revenue for the quarter came in at $1.32 billion versus the consensus estimate of $1.27 billion.
Ward Nye, Chairman and CEO of Martin Marietta, stated, Building on our strong business execution in the first half of the year, Martin Marietta again delivered outstanding financial and operational performance. The Company expanded consolidated gross margin 100 basis points to 30.6 percent, a new record, and generated Adjusted EBITDA of $501.7 million (inclusive of nonrecurring gains) in the third quarter. Increased pricing across all product lines and... More
