Martin Marietta 1Q Net Up on Gain, Rising Demand

Dow Jones04-30

By Rob Curran

Martin Marietta Materials' first-quarter net income rose on a gain related to a recent asset exchange and rising demand for its quarried products.

The Raleigh, N.C., producer of aggregates and other building materials logged earnings of $1.51 billion, or $25.06 a share, up from $116 million, or $1.90 a share, a year earlier.

Stripping out certain onetime items such as a $1.4 billion gain on an asset exchange with cement firm Quikrete, Marietta logged adjusted earnings from continuing operations of $1.93 a share, exceeding the mean analyst estimate of $1.78 a share.

Revenue rose 17% to $1.36 billion, topping the mean Wall Street target of $1.31 billion.

Aggregate shipments rose 12% to 43.9 million tons, offsetting a slight decrease in the average selling price.

Demand was bolstered by an early start to construction season in Colorado and the Midwest, Marietta said.

On April 19, Marietta said it struck a deal to buy closely held Midwestern aggregates firm New Frontier Materials.

For 2026, Marietta forecast earnings from continuing operations of $1.062 billion-to-$1.168 billion on revenue in a range between $7 billion and $7.32 billion. The company anticipates aggregates volume growth of 11%-to-13% for the year.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

April 30, 2026 07:24 ET (11:24 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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