Budget IncreasesMLM noted that 8 of its top 10 states increased budgets in FY25, with the remaining two states expected to be modestly down on a YoY basis.
Gross Profit GrowthDespite the ‘miss and cut’, pricing outlook is still intact (+11-13%), aggregates gross profit increased (+9%) and there remains building blocks for a positive 2025.
Pricing StrategyMLM's 2025 preliminary outlook indicates it expects Aggregates pricing growth to be better than feared, remaining above the historical range.