Martin Marietta reported strong first quarter results, with revenues growing 17% year-over-year to $1.36 billion. The performance was largely driven by higher-than-expected aggregates shipment volumes. Adjusted earnings per diluted share from continuing operations increased 14% to $1.93.
Key Highlights
- Revenue for the first quarter increased 17% to a record $1.362 billion, benefiting from an early start to the construction season and strong demand.
- A key driver was record aggregates shipments, which rose 12.4% to 43.9 million tons, with organic volume growth of 7% meaningfully exceeding expectations.
- Despite the strong start, the company reaffirmed its full-year 2026 guidance, with Adjusted EBITDA projected to be $2.43 billion at the midpoint.