By Rob Curran
Martin Marietta Materials' fourth-quarter earnings declined and the company projected 2026 revenue short of Wall Street estimates as the producer of heavy building materials struggles to eke out growth in a lackluster construction environment.
The North Carolina company, which quarries aggregates and produces other heavy building materials, posted earnings of $279 million, or $4.62 a share, down from $294 million, or $4.79 a share, a year earlier.
Analysts polled by FactSet expected had forecast earnings of $5 a share.
Quarterly revenue rose 9% to $1.53 billion, shy of the mean analyst estimate of $1.65 billion.
Aggregate shipments rose 2% to 48.9 million tons. Average selling price for aggregates rose 5% to $23.11 a ton.
Martin Marietta noted growth in aggregate profits happened in 2025 despite a pronounced slump in single-family housing and commercial building activity during the year.
Looking ahead, the company forecast 2026 earnings from continuing operations between $1.04 billion and $1.16 billion. Martin Marietta forecast revenue in a range between $6.42 billion and $6.78 billion, short of the average Wall Street forecast of $7.15 billion.
The company anticipates aggregates volume growth in a range between 1% and 3%, with average selling prices for the building material rising between 4% and 6%.
During 2025, Martin Marietta struck a deal with Quikrete that resulted in the transfer of Martin's Midlothian, Texas, facility to the cement maker and the acquisition of some Quikrete aggregate assets in the U.S. and Canada, a deal that's anticipated to close in the first quarter. The 2026 projections exclude the impact of this deal.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
February 11, 2026 07:28 ET (12:28 GMT)
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