Martin Marietta Materials (MLM) Reports Q4 Earnings Beat, Misses Revenue Estimates
Raleigh, N.C. - Martin Marietta Materials Inc. (MLM) announced fourth-quarter net income of $294 million, translating to $4.79 per share. This exceeded analyst expectations of $4.60 per share, according to Zacks Investment Research.
Despite the earnings beat, the company missed revenue estimates, reporting $1.63 billion compared to the $1.65 billion consensus forecast.
For the full year, Martin Marietta generated $2 billion in profit ($32.41 per share) on $6.54 billion in revenue.
Looking ahead, the company projects full-year 2023 revenue between $6.83 billion and $7.23 billion.