Martin Marietta Materials (MLM)
NYSE:MLM
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
5.12Last Year’s EPS
5.43Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive picture: strong top-line growth (17% revenue increase), record aggregates shipments and revenues, robust Specialties performance, successful large-scale M&A (Quikrete) with encouraging early integration results, active bolt-on M&A (New Frontier) and a reaffirmed full-year EBITDA guide. Near-term challenges include geographic mix pressure on ASPs and gross profit, purchase-accounting noise from Quikrete inventory (~$44M), diesel/energy headwinds (~$36M in aggregates, $20–25M in Q2), and seasonal softness in certain downstream businesses (Other Building Materials) and interest-rate sensitive residential markets. Management highlighted safety milestones, cost optimization progress (organic COGS/ton up ~2.7% organically, consolidated up ~1.7%), and ample balance sheet/mid-year levers (midyear price actions, synergies, M&A) that provide upside to the guide, leading to an overall constructive outlook.Company Guidance
Record Quarterly Revenue
Total revenues increased 17% year-over-year to $1.4 billion in Q1 2026, a new first-quarter record.
Record Aggregates Shipments and Revenue
Core aggregates shipments reached a record 43.9 million tons (up 12% YoY) with record aggregates revenues of $1.1 billion, up 14% year-over-year.
Adjusted EBITDA and EPS Improvement
Adjusted EBITDA from continuing operations and adjusted EPS from continuing operations each improved 14% year-over-year in the quarter.
Specialties Business Outperformance
Specialties delivered all-time quarterly records: revenues of $143 million (up 63% YoY) and gross profit of $45 million (up 17% YoY), aided by the July 2025 Premier Magnesia acquisition and organic pricing.
M&A Milestones and Balance Sheet Strength
Closed Quikrete Asset Exchange (Feb 23), the largest aggregates acquisition to date, which provided $450 million in cash; announced definitive agreement to acquire New Frontier Materials (H2 expected close) adding ~8–8.5 million tons of aggregates and ~1.5 million tons of asphalt annualized.
Quikrete Integration and Synergies
Quikrete integration is ahead of plan with initial results exceeding EBITDA and margin expectations (~$17 million of EBITDA since close, ~42% EBITDA margin); management expects approximately $50 million of synergies over time.
Capital Return and M&A Deployment
Repurchased $200 million of shares in Q1 and emphasized capacity to deploy the $450 million proceeds plus strong free cash flow (management referenced >$1 billion annual free cash flow after dividends) into aggregates-led acquisitions and opportunistic buybacks.
Safety and Operational Execution
Delivered the strongest first-quarter safety performance in company history by both total and lost time incident rates, and reported ongoing network and cost optimization progress (organic COGS/ton excluding pass-through tracking below implied 3% guidance).
Guidance Reaffirmation
Reaffirmed full-year 2026 adjusted EBITDA from continuing operations guidance of $2.43 billion at the midpoint despite macro volatility, citing strong April trends and expected midyear price realizations.
MLM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MLM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $612.85 | $619.07 | +1.01% |
Feb 11, 2026 | $707.24 | $660.84 | -6.56% |
Nov 04, 2025 | $617.72 | $623.66 | +0.96% |
Aug 07, 2025 | $595.71 | $597.96 | +0.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Martin Marietta Materials (MLM) report earnings?
Martin Marietta Materials (MLM) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Martin Marietta Materials (MLM) earnings time?
Martin Marietta Materials (MLM) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MLM EPS forecast?
MLM EPS forecast for the fiscal quarter 2026 (Q2) is 5.12.