MLM Stock Recent News

Martin Marietta (MLM) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $2.16 per share a year ago.

Martin Marietta's (MLM) first-quarter results are likely to reflect solid pricing amid soft volumes. Yet, AFS and BWI buyouts and solid infrastructure spending are near-term tailwinds.

A U.S. construction boom may be in the works, as the current housing market has hit a stalemate between willing buyers and sellers. With only one alternative left to break this frozen property market, homebuilding stocks and their horizontal components could attract most of Wall Street's attention this cycle.

Beyond analysts' top -and-bottom-line estimates for Martin Marietta (MLM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

Martin Marietta (MLM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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Martin Marietta (MLM) bolsters its portfolio with the acquisition of BWI Southeast's aggregates operations, which aligns with the SOAR 2025 plan.

RALEIGH, N.C., April 08, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company) today announced that, on April 5, 2024, it completed its previously announced acquisition of 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash. This portfolio optimizing transaction improves the Company's product mix, margin profile and durability through economic cycles by adding another pure aggregates business to its already aggregates-led portfolio.

Martin Marietta (MLM) reported earnings 30 days ago. What's next for the stock?

Martin Marietta Materials Inc. is currently slightly below its all-time high, despite recent share price declines. The company reported solid Q4 earnings results, with revenue growth and earnings-per-share beating estimates. Martin Marietta has potential catalysts for future growth, including acquisitions, lower interest rates, and increased infrastructure spending.