MergerJul 30, 2026, 07:01 AM
Martin Marietta to Combine with Lhoist North America; Q2 Revenue +21%
AI Summary
Martin Marietta reported record second-quarter revenues of $1.947 billion, a 21% increase, and Adjusted EBITDA from continuing operations grew 13% to $638 million. The company raised its full-year revenue guidance to $7.2 billion-$7.4 billion and reaffirmed its Adjusted EBITDA guidance. Strategically, Martin Marietta entered a definitive agreement to combine with Lhoist North America for approximately $13.5 billion and completed the acquisition of New Frontier Materials, further strengthening its portfolio and expanding its Specialties platform.
Key Highlights
- Entered definitive agreement to combine with Lhoist North America for $13.5 billion.
- Completed acquisition of New Frontier Materials, expanding aggregates platform.
- Second-quarter revenues increased 21% to a record $1.947 billion.
- Adjusted EBITDA from continuing operations grew 13% to $638 million.
- Full-year 2026 revenue guidance raised to $7.2 billion-$7.4 billion.
- Full-year Adjusted EBITDA guidance reaffirmed at $2.36 billion-$2.5 billion.
- Aggregates shipments increased 17% to 61.6 million tons.
- Identified $350 million in annualized cash flow improvements from efficiency.
Price Impact
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