Record First Quarter Performance
The company reported record first quarter aggregate revenues, gross profit, gross margin, and gross profit per ton. These results were driven by 7% pricing growth, disciplined cost control, and margin-accretive acquisitions.
Magnesia Specialties Record Performance
Magnesia Specialties established new quarterly record revenues, gross profit, and gross margin, with gross margin increasing 806 basis points compared to the prior year quarter.
Strong Consolidated Financial Metrics
Consolidated gross profit was $335 million, a 23% increase; consolidated gross margin was 25%, an increase of 300 basis points; consolidated adjusted EBITDA was $351 million, a 21% increase; and consolidated adjusted EBITDA margin was 26%, an increase of 274 basis points.
Encouraging Market Trends
Double-digit growth in organic March aggregate shipments and April daily shipment trends provided confidence in the company's full year 2025 adjusted EBITDA guidance of $2.25 billion at the midpoint.
Infrastructure and Nonresidential Sector Outlook
The company anticipates robust demand for infrastructure in public end markets and data centers in the nonresidential sector, driven by federal and state investments and projects like Stargate in Texas and Google in South Carolina.