Martin Marietta Q3 Adjusted Earnings Fall as Revenue Rises
Martin Marietta Materials reported lower adjusted earnings and higher revenue in Q3.
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12:27:02 PM UTC
SquawkNews
By Rob CurranMartin Marietta Materials' third-quarter net income fell amid rising costs and aggregates price declines, but the building-materials giant boosted its revenue projection for the year as its acquisition of a limestone producer catalyzed growth.The Raleigh, N.C., producer of aggregates a…
12:32:20 PM UTC
SquawkNews
Martin Marietta Materials, Inc. announced its financial results for the third quarter ended September 30, 2026, reporting revenues of $2.37 billion, a 28% increase compared to the same period in 2025. Net earnings from continuing operations were $256 million, or $3.94 per diluted share, compared to $361 million, or $5.97 per diluted share, in the prior-year quarter. Adjusted EBITDA rose 21% to $808 million, while adjusted earnings per diluted share were $5.47. The company highlighted strong acquisition performance and operational efficiencies as key drivers for the results despite inflationary pressures. Additionally, the company updated its full-year 2026 guidance.