Martin Marietta Materials, Inc. (NYSE:MLM ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Jacklyn Rooker - Director, Investor Relations Howard Nye - Chair & Chief Executive Officer Jim Nickolas - Executive Vice President & Chief Financial Officer Conference Call Participants Kathryn Thompson - Thompson Research Group Stanley Elliott - Stifel Trey Grooms - Stephens Jerry Revich - Goldman Sachs Anthony Pettinari - Citi Angel Castillo - Morgan Stanley Zack Pacheco - Loop Capital Keith Hughes - Truist Adam Thalhimer - Thompson Davis Joe Nolan - Longbow Research Tyler Brown - Raymond James Michael Dudas - Vertical Research Timna Tanners - Wolfe Research Operator Welcome to Martin Marietta's Second Quarter 2024 Earnings Conference Call. All participants are now in a listen-only mode.
Martin Marietta's (MLM) second-quarter results reflect lower volumes despite strong pricing actions.
While the top- and bottom-line numbers for Martin Marietta (MLM) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Martin Marietta (MLM) came out with quarterly earnings of $5.26 per share, missing the Zacks Consensus Estimate of $5.57 per share. This compares to earnings of $5.60 per share a year ago.
Martin Marietta's (MLM) second-quarter results are likely to reflect solid pricing amid soft volumes, given the wet spring. Yet, acquisitions and solid infrastructure spending are tailwinds.
Get a deeper insight into the potential performance of Martin Marietta (MLM) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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 and Vulcan Materials have been highlighted in this Industry Outlook article.
Federal infrastructure spending should help the Zacks Building Products - Concrete & Aggregates industry players like MLM and VMC. Yet high rates and expenses are risks.
Improving infrastructure activity bolstered by a strong inflow of public funds is expected to aid Martin Marietta (MLM). Yet, weather woes and pricing fluctuations are a concern.
Martin Marietta (MLM) reported earnings 30 days ago. What's next for the stock?
Martin Marietta (MLM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).