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Martin Marietta Materials' Q2 Earnings, Revenue Decline; Lowers FY Guidance
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Martin Marietta Materials' Q2 Earnings, Revenue Decline; Lowers FY Guidance
Aug 8, 2024 4:47 AM

07:27 AM EDT, 08/08/2024 (MT Newswires) -- Martin Marietta Materials ( MLM ) reported Q2 earnings from continuing operations Thursday of $4.76 per diluted share, down from $5.60 a year earlier.

Analysts polled by Capital IQ expected $5.37.

Revenue for the quarter ended June 30 was $1.76 billion compared with $1.82 billion a year earlier.

Analysts polled by Capital IQ expected $1.83 billion.

The company said it now expects full-year revenue of $6.50 billion to $6.94 billion from the previous range of $6.90 billion to $7.30 billion. Analysts polled by Capital IQ expect $7.05 billion.

Shares of Martin Marietta Materials ( MLM ) were down more than 3% premarket.

Price: 520.00, Change: -18.29, Percent Change: -3.40

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