financetom
Business
financetom
/
Business
/
Martin Marietta misses fourth-quarter revenue estimates on adverse weather
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Martin Marietta misses fourth-quarter revenue estimates on adverse weather
Feb 12, 2025 5:15 AM

Feb 12 (Reuters) - Building material supplier Martin

Marietta Materials ( MLM ) reported fourth-quarter revenue that

missed Wall Street estimates on Wednesday, hurt by adverse

weather conditions.

Shares of the Raleigh, North Carolina-based company fell

3.4% before the bell.

The company struggled with several storms and hurricanes

through the year, which led to product delays and a relatively

lower percentage of mid-year price increases.

"In 2024, we faced several challenging dynamics beyond our

control, including inclement weather, softening construction

demand in both nonresidential and residential sectors and

tighter-than-expected monetary policy," said CEO Ward Nye.

Martin Marietta's quarterly revenue rose 1% to $1.63

billion, compared with analysts' estimates of $1.65 billion

according to data compiled by LSEG.

The company expects to earn 2025 annual revenue between

$6.83 billion and $7.23 billion, the midpoint of which is below

analysts' estimates of $7.22 billion.

For the quarter ended Dec. 31, the company posted net income

of $294 million, or $4.79 per share, from $283 million, or $4.55

per share, a year earlier.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved