Martin Marietta Posts Record $1.4B Q1 Revenue on 7.2% Shipment Growth
MLM•Company achieved record Q1 revenues of $1.4B, driven by 7.2% organic aggregate shipment growth from early Midwest/Colorado construction season and infrastructure demand. Completed Quikrete Asset Exchange—the largest aggregates acquisition—integrating ahead of schedule, exceeding EBITDA and margin targets while freeing $450M cash for redeployment despite a margin decline from geographic mix.
1. Record Q1 Revenue and Shipment Growth
Company achieved record Q1 revenues of $1.4B, driven by 7.2% organic aggregate shipment growth from early Midwest/Colorado construction season and infrastructure demand.
2. Quikrete Asset Exchange Integration
Completed Quikrete Asset Exchange—the largest aggregates acquisition in company history—integrating ahead of schedule, exceeding EBITDA and margin targets while freeing $450M cash for redeployment.
3. Margin and Profit Mix Trends
Aggregate gross profit declined modestly as high-volume growth in Central and West divisions offset higher-margin contributions from the East and Southwest.
