Record-Breaking Financial Performance
Martin Marietta reported consolidated adjusted EBITDA of $630 million, an 8% increase. Aggregates revenues increased by 6% to $1.32 billion, with aggregates gross profit rising by 9% to $430 million. Additionally, aggregates gross profit per ton increased by 10% to $8.16.
Safest Six-Month Start
The company achieved its safest six-month start to the year in its history, as measured by total reportable incident rates.
Strategic Asset Exchange
Martin Marietta entered into a definitive agreement with Quikrete Holdings for an asset exchange, enhancing its aggregates-led business model. The company will receive aggregate operations producing approximately 20 million tons annually and $450 million in cash.
Magnesia Specialties Performance
Magnesia Specialties achieved new quarterly record revenues of $90 million and set second quarter records for gross profit and gross margin.
Increased EBITDA Guidance
The company increased its full-year 2025 adjusted EBITDA guidance to $2.3 billion at the midpoint, reflecting strong first-half results and positive shipping trends.
Positive Infrastructure and Nonresidential Trends
Infrastructure investment remains strong, with state and local government highway, bridge, and tunnel contract awards increasing 10% year-over-year. Nonresidential construction, especially in data centers and warehousing, shows positive trends.