Quarterly ResultApr 30, 2026, 07:00 AM
MLM Q1 Revenue +17% to $1.36B; Adj. EBITDA +14%; NFM Acquisition
AI Summary
Martin Marietta Materials reported a strong start to 2026 with Q1 revenues increasing 17% to $1.36 billion and Adjusted EBITDA from continuing operations rising 14% to $364 million. Adjusted diluted EPS from continuing operations also grew 14% to $1.93. The company completed a significant asset exchange with QUIKRETE, acquiring aggregates operations and $450 million cash, and entered a definitive agreement to acquire New Frontier Materials. Full-year 2026 guidance for Adjusted EBITDA was reaffirmed at $2.43 billion (midpoint).
Key Highlights
- Entered definitive agreement to acquire New Frontier Materials, an aggregates-led business producing over 8M tons annually.
- Completed asset exchange with QUIKRETE, acquiring aggregates operations (20M tons annually) and $450M cash.
- Q1 Revenue increased 17% to $1.36 billion.
- Q1 Adjusted EBITDA from continuing operations rose 14% to $364 million.
- Q1 Adjusted diluted EPS from continuing operations increased 14% to $1.93.
- Aggregates shipments grew 12% to 43.9 million tons, with revenues up 14% to $1.14 billion.
- Reaffirmed full-year 2026 Adjusted EBITDA guidance at $2.43 billion (midpoint).
- Generated record Q1 cash from operating activities of $227 million and returned $251 million to shareholders.