WASHINGTON (dpa-AFX) - (Adds Outlook)

Martin Marietta Materials, Inc. (MLM) announced a profit for second quarter that
decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $348.3 million, or $5.61 per share. This
compares with $366.5 million, or $5.86 per share, in last year's second quarter.

Analysts on average had expected the company to earn $4.85 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 10.9% to $1.820 billion from $1.641
billion last year.

Outlook:

For full year 2023, the company expects to post net earnings of $1.040 billion -
$1.150 billion, with adjusted EBITDA of $2 billion - $2.100 billion.

Martin Marietta Materials, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $348.3 Mln. vs. $366.5 Mln. last year.
-EPS (Q2): $5.61 vs. $5.86 last year.
-Analyst Estimates: $4.85
-Revenue (Q2): $1.820 Bln vs. $1.641 Bln last year.

-Guidance:
Full year revenue guidance: $6.725- $6.860 Bln



Copyright(c) 2023 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX