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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Martin Marietta Materials (MLM) is 7/10.
Martin Marietta opened 2026 with revenues up 17% to $1.4 billion, a first quarter record, as organic aggregates shipment growth of 7.2% meaningfully exceeded guidance on an early start to the construction season in the Midwest and Colorado plus continued infrastructure and heavy nonresidential strength. Core aggregates delivered record first quarter shipments of 43.9 million tons, a 12% increase, and record revenues of $1.1 billion, up 14%, though reported aggregates gross profit declined 3% to $288 million as geographic mix toward lower-ASP Central and West divisions, a noncash $22 million Quikrete inventory step-up charge, and higher DD&A more than offset volume and underlying organic pricing gains. The February 23 closing of the Quikrete Asset Exchange, the company's largest aggregates acquisition to date, shifted the portfolio away from cement and concrete and provided $450 million of cash, with integration progressing ahead of plan on both EBITDA and margin. Management reaffirmed full year 2026 adjusted EBITDA from continuing operations guidance of $2.43 billion at the midpoint, which excludes the pending New Frontier Materials acquisition, while flagging roughly $36 million of full year diesel headwinds in aggregates and a greater expected realization of midyear price increases.
Scored from Martin Marietta Materials’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.63B | +1.4% | $4.79 | +5.3% | 30.0% | 24.5% | 18.0% | $453M |
| FY2025 Q1 | $1.35B | +8.2% | $1.90 | -88.7% | 24.8% | 14.3% | 8.6% | $-15M |
| FY2025 Q2 | $1.81B | +2.7% | $5.43 | +14.1% | 30.0% | 25.3% | 18.1% | $208M |
| FY2025 Q3 | $1.85B | -2.3% | $6.85 | +15.9% | 33.3% | 27.4% | 22.4% | $361M |
| FY2025 Q4 | $1.53B | -5.9% | $4.62 | -3.5% | 30.5% | 23.8% | 18.2% | $424M |
| FY2026 Q1 | $1.36B | +0.7% | $25.06 | +1218.9% | 22.8% | 11.9% | 111.1% | $41M |
| FY2026 Q2 | $1.95B | +7.5% | $4.17 | -23.2% | 25.4% | 19.5% | 13.1% | $76M |
On August 21, 2026, Martin Marietta consummated its previously announced acquisition of Lhoist North America, Inc. from LNA Holding SRL under the June 27, 2026 Securities Sale Agreement. Consideration was approximately $7 billion in cash plus 10,953,543 newly-issued shares of Martin Marietta common stock valued at $6.5 billion. LNA Holding received a Board designation right (Board expanded from ten to eleven directors, with Lhoist CEO Philipp Niemann appointed) subject to a lock-up and standstill.
On August 5, 2026, Martin Marietta announced it has received all necessary regulatory approvals for its previously announced acquisition of all outstanding equity interests in Lhoist North America, Inc., under the Securities Sale Agreement entered into June 27, 2026 with LNA Holding SRL, for $13.5 billion in cash and shares of Martin Marietta common stock. The company expects the transaction to close in the third quarter of 2026, subject to customary closing conditions.
On August 4, 2026, Martin Marietta announced the promotion of Michael J. Petro to Executive Vice President, Chief Financial Officer, and executed an employment agreement and an amended and restated employment protection agreement with him. His base salary is $750,000, target annual incentive 100% of base salary and target long-term incentive 260% of base salary, plus a one-time restricted stock unit grant valued at $5,000,000 vesting on the sixth, seventh and eighth anniversaries of grant.