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Martin Marietta posts higher profit on strong demand for building materials
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Martin Marietta posts higher profit on strong demand for building materials
May 25, 2025 9:59 PM

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.

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