NYSE:MLMBasic Materials
Martin Marietta Materials (MLM) Stock Slips As Profit Pressure Clouds Record Revenue
Martin Marietta Materials stock just gave up another 2.8% to around US$525 after earnings, extending a three month slide, yet the headline story is not a collapse in demand. The company posted roughly US$1.9b in Q2 revenue and highlighted record second quarter revenue and adjusted earnings before interest, tax, depreciation and amortization. For a heavy construction materials business that lives and dies on aggregates volumes and pricing, that combination matters more than today’s red...