09:03 AM EDT, 04/30/2024 (MT Newswires) -- Martin Marietta Materials ( MLM ) reported Q1 earnings Tuesday of $16.87 per diluted share, up from $2.16 a year earlier.

Analysts polled by Capital IQ expected $1.87.

Revenue for the quarter ended March 31 was $1.25 billion, down from $1.35 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.31 billion.

The building materials company said it now expects 2024 revenue of $6.90 billion to $7.30 billion. That compares with its prior guidance of between $6.75 billion and $7.19 billion. Analysts polled by Capital IQ expect $7.09 billion.

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