Martin Marietta Guides FY26 Sales at $6.42B-$6.78B, Missing $6.97B Estimate
Martin Marietta Materials reported fourth-quarter revenue of $1.534 billion, up 9% year-over-year, missing the $1.589 billion consensus while EPS of $4.62 beat the $4.59 estimate. It guided FY 2026 sales between $6.42 billion and $6.78 billion, below the $6.967 billion street view, and forecast adjusted EBITDA of $2.41 billion-$2.56 billion.
1. Fourth-Quarter Results
Martin Marietta delivered Q4 revenue of $1.534 billion, up 9% year-over-year, missing the consensus by $55 million. Net earnings fell 6% to $233 million, while EPS of $4.62 topped estimates; adjusted EBITDA rose 10% to $515 million and gross profit increased 10% to $468 million, with operating cash flow at $1.79 billion.
2. Segment Performance
The building materials division generated $1.4 billion in revenue with $443 million in gross profit. In aggregates, shipments climbed 2% and ASP rose 5.3% to $23.11 per ton, driving revenue of $1.23 billion and an 11% gain in gross profit to $420 million, boosting margins by 93 basis points to 34%.
3. FY26 Outlook & Guidance
For FY26, Martin Marietta forecasts sales of $6.42 billion to $6.78 billion and adjusted EBITDA of $2.41 billion to $2.56 billion, trailing the $6.967 billion sales consensus. The company ended Q4 with $67 million in cash, $1.17 billion in available credit and returned $647 million to shareholders through dividends and repurchases.