April 30 (Reuters) - Martin Marietta on
Wednesday posted higher profit per unit, as steady
infrastructure spending and investments in data center projects
drove demand for its building and construction materials.
The company also maintained its 2025 revenue forecast range
of $6.83 billion to $7.23 billion and said that it "does not
assume any material tariff-related positive or negative
impacts."
"Infrastructure demand remains a continuing bright spot
amidst an uncertain macroeconomic backdrop," CEO Ward Nye said.
Construction activity is expected to grow in 2025 as work
advances on projects such as roads, bridges and ports supported
by the federal and state government, Nye added.
The company, which makes concrete and asphalt, is expecting
benefits from former U.S. President Joe Biden's Infrastructure
Investment and Jobs Act (IIJA), which outlined $1 trillion in
investments, to grow and peak in 2026.
Growing demand for data centers that power artificial
intelligence also bolstered its nonresidential construction
business.
It shipped 39 million tons of materials during the quarter,
up 7% from last year, while the average selling price per ton
was $23.77, also up 7% from $22.26 in the previous year.
The Raleigh, North Carolina-based company reported an 8%
jump in quarterly revenue to $1.35 billion, although it was
roughly in line with analysts' estimates.
Its per-ton profit also rose 16% to $7.60 per ton.