Martin Marietta Materials, Inc.

Record Financial Performance: Martin Marietta Materials, Inc. delivered record consolidated adjusted EBITDA of $2.25 billion in 2024, representing a 9% increase year-over-year (YOY). Fourth-quarter consolidated gross profit reached $489 million with an adjusted EBITDA margin of 33%, a significant improvement of 210 basis points while gross profit per ton for aggregates increased 12% to $7.92.

2025 Growth Guidance: The company is forecasting a 4% growth in aggregates shipments at the midpoint for 2025, driven by strong infrastructure demand, full contributions from recent acquisitions, and normalized weather patterns after a challenging 2024. Pricing growth is expected to be 6.5% at the midpoint, supported by moderating cost inflation.

Strategic Acquisitions: Martin Marietta successfully completed approximately $6 billion of portfolio-enhancing transactions in 2024, focusing on aggregates in high-growth geographies which are expected to contribute significantly to 2025’s performance, adding nearly 1 billion tons of aggregate reserves to its footprint.