Martin Marietta Mate
Delayed Nyse - 08/17 10:02:01 pm

Martin Marietta Materials : beats 4Q profit forecasts

Envoyer par e-mail
02/13/2018 | 01:48 pm

RALEIGH, N.C. (AP) _ Martin Marietta Materials Inc. (MLM) on Tuesday reported fourth-quarter profit of $377.2 million.

On a per-share basis, the Raleigh, North Carolina-based company said it had net income of $5.95. Earnings, adjusted for pretax gains, were $1.88 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The seller of granite, limestone, sand and gravel posted revenue of $970.5 million in the period. Its adjusted revenue was $911.3 million, missing Street forecasts. Four analysts surveyed by Zacks expected $913.3 million.

For the year, the company reported profit of $713.3 million, or $11.25 per share. Revenue was reported as $3.72 billion.

Martin Marietta expects full-year revenue in the range of $4.16 billion to $4.36 billion.

Martin Marietta shares have fallen almost 4 percent since the beginning of the year. The stock has decreased almost 8 percent in the last 12 months.

This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on MLM at

Automated Insights, source Associated Press News

Acquiremedia 2018
Envoyer par e-mail