14.02.2024 13:27:36 - dpa-AFX: Martin Marietta Materials Q4 Profit, Revenue Climb
WASHINGTON (dpa-AFX) - Martin Marietta Materials, Inc. (MLM), a supplier of
building materials, Wednesday reported earnings from continuing operations of
$287.7 million or $4.63 per share for the fourth quarter, higher than $187.4
million or $3.01 per share in the same quarter a year ago.
Net earnings increased to $282.5 million or $4.55 per share from $183.6 million
or $2.95 per share in the previous year.
Revenue for the quarter grew 8.9 percent to $1.608 billion from $1.477 billion
last year.
Analysts, on average polled by Thomson-Reuters expected the company to report
earnings of $3.99 per share on revenue of $1.63 billion. Analysts' estimates
typically exclude special items.
For fiscal 2024, the company expects revenue in the range of $6.745 billion -
$7.185 billion. The consensus estimate stands at $7.33 billion.
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