Overview

• Aggregates supplier's Q4 revenue missed analyst expectations

• Adjusted EBITDA for Q4 rose 10% yr/yr

Outlook

• Martin Marietta expects 2026 revenue between $6.42 bln and $6.78 bln

• Company anticipates low single-digit improvement in 2026 aggregates shipments

• Martin Marietta projects 2026 adjusted EBITDA between $2.16 bln and $2.31 bln

Result Drivers

• AGGREGATES PERFORMANCE - Record aggregates revenues and gross profit driven by strategic discipline and favorable market conditions

• SPECIALTIES GROWTH - Specialties business achieved record revenues and gross profit, aided by organic pricing gains and Premier Magnesia contributions

• SHIPMENT INCREASE - Aggregates shipments rose 2% due to infrastructure and nonresidential construction activity, favorable weather, and acquisitions

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the construction materials peer group is "buy"

• Wall Street's median 12-month price target for Martin Marietta Materials Inc is $692.50, about 2.2% below its February 10 closing price of $708.11

• The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 29 three months ago

Press Release: ID:nGNXbPtMm

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)