Martin Marietta Materials Full Year 2024 Earnings: In Line With Expectations

Martin Marietta Materials (NYSE:MLM) Full Year 2024 Results

Key Financial Results

• Revenue: US$6.54b (down 3.6% from FY 2023).
• Net income: US$2.00b (up 66% from FY 2023).
• Profit margin: 31% (up from 18% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: US$32.49 (up from US$19.38 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Martin Marietta Materials Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Basic Materials industry in the US.

Performance of the American Basic Materials industry.

The company's shares are down 4.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Martin Marietta Materials (1 can't be ignored) you should be aware of.

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