Martin Marietta Q1 Revenue Misses, CFO Departs

Martin Marietta Materials reported strong first-quarter results with revenue rising 8% year-over-year to $1.35 billion, though this figure slightly missed analyst expectations. Adjusted earnings per share of $1.90 elicited mixed market reactions, as it narrowly missed or beat different analyst estimates. The company's aggregates business posted record shipments and profitability, supported by nearly 7% higher average selling prices. Martin Marietta maintained its 2025 revenue outlook of $6.83 billion to $7.23 billion, anticipating ongoing benefits from federal and state infrastructure investments, but analysts have warned of possible margin compression and earnings declines ahead. The company's CFO recently departed, and a search for a new finance chief is underway. Despite these uncertainties, shares rose over 5% in the last month and have returned nearly 188% since 2020, with financial health remaining strong by some metrics.