Martin Marietta Materials, Inc.

Strong Financial Performance: Martin Marietta reported record first-quarter results with total revenues of $1.3 billion, a gross profit of $335 million (up 23% year-over-year), and a gross margin of 25% (up 300 basis points). Adjusted EBITDA reached $351 million, reflecting a 21% increase, indicating the company’s strong operational resilience despite challenging weather conditions earlier in the year.

Positive Outlook for 2025: The company reaffirms its adjusted EBITDA guidance for 2025 at $2.25 billion (midpoint). This confidence is supported by double-digit organic shipment growth in March and ongoing investments in infrastructure fueled by the Infrastructure and Investments and Jobs Act (IIJA), which is expected to peak in 2026, ensuring growth in public end markets.

Pricing Power and Cost Management: Aggregate pricing grew by 7%, contributing to robust gross profit per ton margins. Ongoing disciplined cost control and successful margin-accretive acquisitions have helped offset some inflationary pressures, with expectations for continued price increases as the year progresses.