Martin Marietta Materials | 8-K: FY2025 Q3 Revenue Misses Estimate at USD 1.846 B

LB filings
2025.11.04 12:07
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Revenue: As of FY2025 Q3, the actual value is USD 1.846 B, missing the estimate of USD 2.061 B.

EPS: As of FY2025 Q3, the actual value is USD 5.97, missing the estimate of USD 6.7756.

EBIT: As of FY2025 Q3, the actual value is USD 561 M.

Segment Revenue

  • Total Revenues: $1,846 million for Q3 2025, up 12% from $1,642 million in Q3 2024.
  • Building Materials Business: $1,715 million for Q3 2025, up 10% from $1,560 million in Q3 2024.
  • Aggregates: $1,458 million for Q3 2025, up 17% from $1,250 million in Q3 2024.
  • Specialties: $131 million for Q3 2025, up 60% from $82 million in Q3 2024.

Operational Metrics

  • Net Earnings from Continuing Operations: $361 million for Q3 2025, up 22% from $297 million in Q3 2024.
  • Consolidated Net Earnings: $414 million for Q3 2025, up 14% from $363 million in Q3 2024.
  • Gross Profit: $611 million for Q3 2025, up 19% from $513 million in Q3 2024.
  • Earnings from Operations: $505 million for Q3 2025, up 24% from $406 million in Q3 2024.
  • Adjusted EBITDA from Continuing Operations: $667 million for Q3 2025, up 22% from $547 million in Q3 2024.

Cash Flow

  • Net Cash Provided by Operating Activities: $1,156 million for the nine months ended September 30, 2025, compared to $773 million for the same period in 2024.
  • Net Cash Used for Investing Activities: - $1,213 million for the nine months ended September 30, 2025.
  • Net Cash Used for Financing Activities: - $543 million for the nine months ended September 30, 2025.

Unique Metrics

  • Aggregates Shipments: 57.9 million tons for Q3 2025, up 8% from 53.7 million tons in Q3 2024.
  • Average Selling Price per Ton for Aggregates: $23.24 for Q3 2025, up 8% from $21.52 in Q3 2024.

Outlook / Guidance

  • Martin Marietta raised its full-year 2025 guidance for Consolidated Adjusted EBITDA to $2.32 billion at the midpoint, reflecting strong year-to-date performance and current aggregates shipment trends.
  • The company anticipates continued growth in infrastructure activity supported by record levels of federal and state investment, and sees resilience in light nonresidential demand despite interest rate sensitivity.
  • Preliminary 2026 guidance suggests low single-digit growth in aggregates volume and mid single-digit growth in average selling price.
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