Martin Marietta (MLM) reported earnings 30 days ago. What's next for the stock?
Ward Nye, Martin Marietta Chairman & CEO, joins 'Closing Bell Overtime' to talk government investing and what a new administration means for its business.
Martin Marietta Materials saw its shares rise nicely, even after reporting disappointing revenue and earnings for the third quarter of the company's 2024 fiscal year. Although MLM has had a great run, shares are getting rather pricey, but recent guidance for 2024 is encouraging. Shares look pricey, and investors should consider seeing the firm in a more neutral light than a bullish one.
Martin Marietta Materials, Inc. (NYSE:MLM ) Q3 2024 Earnings Call Transcript October 30, 2024 10:00 AM ET Company Participants Jacklyn Rooker - Director of IR Ward Nye - Chair and CEO Jim Nickolas - EVP and CFO Conference Call Participants Kathryn Thompson - TRG Trey Grooms - Stephens Garik Shmois - Loop Capital Jerry Revich - Goldman Sachs Anthony Pettinari - Citi Angel Castillo - Morgan Stanley Philip Ng - Jefferies Tyler Brown - Raymond James Brent Thielman - D.A. Davidson David MacGregor - Longbow Research Mike Dudas - Vertical Research Timna Tanners - Wolfe Research Michael Feniger - Bank of America Operator Hello.
MLM's third-quarter results reflect lower volumes despite strong pricing actions.
Although the revenue and EPS for Martin Marietta (MLM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Martin Marietta (MLM) came out with quarterly earnings of $5.91 per share, missing the Zacks Consensus Estimate of $6.41 per share. This compares to earnings of $6.94 per share a year ago.
MLM's third-quarter 2024 performance is likely to have been affected by adverse weather conditions and cost inflation.
Evaluate the expected performance of Martin Marietta (MLM) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Martin Marietta (MLM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Martin Marietta Materials reported challenging Q2 2024 results with lower-than-expected revenue and EPS due to inventory adjustments, weather disruptions, and high-interest rates. The acquisition of Blue Water Industries led to a $20 million gross profit decline due to markup in their inventories, artificially increasing costs and reducing profit margins. The company appears overvalued compared to its sector, and the lack of insider buying activity, coupled with significant insider selling, raises some concerns.
Martin Marietta (MLM) raises quarterly dividends by 7% to boost shareholders' value.