Oct 30 (Reuters) - Martin Marietta cut its

annual sales forecast and reported lower quarterly results on

Wednesday, after the building material supplier's operations

were hit by storms and extreme weather conditions.

The company said its operations in the quarter were hit by

rains in July, Tropical Storm Debby in North Carolina and

hurricanes Beryl and Helene in Texas.

"Although these events are short-term and temporary, they

nonetheless adversely impacted our third-quarter product

shipments, geographic mix and financial results," Martin

Marietta CEO Ward Nye said.

However, the company said it expects to benefit from federal

and state investments in highways, streets and bridges and

AI-related infrastructure spending in 2025.

"Although higher interest rates continue to affect

residential construction activity, we are encouraged by recent

Federal Reserve policy actions and the likelihood of more

interest rate cuts later this year," Nye added.

For the full year, it expects its annual revenue to be

between $6.45 billion and $6.7 billion, down from its prior

range of $6.5 billion to $6.94 billion.

Its third-quarter net earnings fell to $363 million, or

$5.91 per share, compared with $430 million, or $6.94 per share

a year ago. Overall revenue in the quarter ended Sept. 30 fell

5% to $1.89 billion.

(Reporting by Nathan Gomes in Bengaluru; Editing by Saumyadeb

Chakrabarty)