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Martin Marietta Materials: Q2 Earnings Insights

Benzinga Insights

Shares of Martin Marietta Materials (NYSE:MLM) moved lower by 4.8% after the company reported Q2 results.

Quarterly Results

Earnings per share rose 9.06% year over year to $3.49, which beat the estimate of $3.00.

Revenue of $1,190,000,000 decreased by 0.50% from the same period last year, which beat the estimate of $1,150,000,000.

Looking Ahead

Martin Marietta Materials hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Jul 28, 2020

View more earnings on MLM

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ywmifpfm

Technicals

Company's 52-week high was at $281.82

Company's 52-week low was at $135.08

Price action over last quarter: Up 30.78%

Company Profile

Martin Marietta Materials is one of the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). In 2019, Martin Marietta sold 191 million tons of aggregates. Martin Marietta's most important markets include Colorado, Florida, Georgia, Indiana, Iowa, Maryland, Nebraska, North Carolina, South Carolina, and Texas, accounting for most of its sales. The company also produces cement in Texas and uses its aggregates in its asphalt and ready-mixed concrete businesses. Martin's specialty product business produces magnesia-based chemical products and dolomitic lime.

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