Quarterly ResultNov 4, 2026, 06:55 AM
Martin Marietta Q3 Revenue $2.37B; LNA Combination Completes
AI Summary
Martin Marietta Materials reported record third-quarter revenues of $2.37 billion, a 28% increase year-over-year, driven by strong performance from recent acquisitions, including the significant combination with Lhoist North America (LNA) completed on August 21. Adjusted EBITDA from continuing operations rose 21% to $808 million. However, net earnings from continuing operations decreased 29% to $256 million, and diluted earnings per share fell 34% to $3.94, impacted by inflationary pressures and acquisition accounting. The company updated its full-year 2026 guidance, anticipating higher revenues and Adjusted EBITDA.
Key Highlights
- Martin Marietta completed its combination with Lhoist North America (LNA) on August 21, 2026.
- Third-quarter revenues increased 28% to a record $2.37 billion.
- Third-quarter Adjusted EBITDA from continuing operations increased 21% to $808 million.
- Third-quarter net earnings from continuing operations decreased 29% to $256 million.
- Third-quarter diluted earnings per share from continuing operations decreased 34% to $3.94.
- Specialties product line revenues increased 176% to $362 million.
- Updated full-year 2026 guidance: Revenue $7.80 billion, Adjusted EBITDA $2.48 billion.
Price Impact
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