Martin Marietta misses Q3 revenue estimates, raises guidance
Martin Marietta's Q3 revenue grew 12% year-over-year but fell short of analyst expectations at $1.84 billion versus the $2.06 billion estimate. Adjusted EBITDA rose 22% year-over-year. The company raised its full-year 2025 guidance for Consolidated Adjusted EBITDA to a midpoint of $2.32 billion, citing positive demand trends in infrastructure and nonresidential construction. The stock has a median 12-month price target of $674.50, reflecting an 8.2% upside from its recent closing price of $619.30.
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Overview
- Martin Marietta Q3 revenue grows 12% yr/yr but misses analyst expectations
- Adjusted EBITDA from continuing operations rose 22% yr/yr
- Company raises full-year 2025 guidance for Consolidated Adjusted EBITDA
Outlook
- Martin Marietta raises full-year 2025 Consolidated Adjusted EBITDA guidance to $2.32 bln midpoint
- Company sees positive demand trends in infrastructure and nonresidential construction
- Preliminary 2026 guidance indicates low single-digit aggregates volume growth
Result Drivers
- AGGREGATES PERFORMANCE - Record quarterly revenues and gross profit in aggregates business, driven by strong pricing and increased shipments
- SPECIALTIES GROWTH - Specialties business achieved record quarterly revenues and gross profit, aided by higher pricing and increased shipments
- DEMAND TRENDS - Strong demand in infrastructure and nonresidential construction markets supported aggregates shipment growth
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Miss $1.84 $2.06
Revenue bln bln (16
Analysts
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Q3 EPS $6.85
Q3 Net $414 mln
Income
Q3 EPS $5.97
continui
ng
operatio
ns
Analyst Coverage
- The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 15 “strong buy” or “buy”, 9 “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 $674.50, about 8.2% above its November 3 closing price of $619.30
- The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 28 three months ago
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (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.)
