- Martin Marietta Materials press release (NYSE:MLM): Q2 GAAP EPS of $5.60 beats by $0.76.
- Revenue of $1.82B (+11.0% Y/Y) misses by $20M.
- Ward Nye, Chairman and CEO of Martin Marietta, stated, “Martin Marietta delivered exceptional performance across nearly every safety, financial and operational measure in the second quarter. These impressive results, despite lower aggregates shipments, demonstrate the success of our value-over-volume commercial strategy and the durability of our business model through various macroeconomic conditions. Our second-quarter results, together with our expectations for an even stronger next six months, underpin our revised full-year Adjusted EBITDA guidance range of $2.0 – $2.1 billion, a 28 percent increase at the midpoint as compared with the prior year.”
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