Market Overview

Recap: Martin Marietta Materials Q3 Earnings

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Shares of Martin Marietta Materials (NYSE:MLM) rose 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 18.94% over the past year to $4.71, which beat the estimate of $3.77.

Revenue of $1,241,000,000 declined by 6.20% from the same period last year, which missed the estimate of $1,270,000,000.

Outlook

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

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

Conference Call Details

Date: Oct 29, 2020

Time: 11:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/a3rf82rf

Technicals

52-week high: $281.82

Company's 52-week low was at $135.08

Price action over last quarter: Up 15.56%

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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Posted-In: Earnings News