Martin Marietta Materials reported Q2 2025 revenue of $1.811 billion, a 3% increase but below analyst estimates. Net earnings rose 12% to $328 million with diluted EPS of $5.43, beating estimates. Adjusted EBITDA grew 8% to $630 million, with a 168 bps margin expansion to 34.8%.

The Building Materials business generated $1.721 billion in revenue, up 2%, with gross profit rising 3% to $517 million. Aggregates revenue increased 6% to $1.32 billion, supported by a 7% rise in average selling price to $23.21 per ton. Aggregates gross profit climbed 9% to $430 million.

Cement and ready mixed concrete revenue fell 6% to $245 million, while asphalt and paving revenue declined 7% to $228 million. Magnesia Specialties posted record revenue of $90 million, with gross profit jumping 32% to $36 million and margin improving to 40%.

Cash from operating activities for H1 2025 totaled $605 million, up from $173 million a year earlier. Capital expenditures reached $412 million. The company returned $547 million to shareholders through dividends and repurchases, ending the quarter with $225 million in cash and $1.2 billion in available credit.

Martin Marietta completed the acquisition of Premier Magnesia and signed an agreement with Quikrete for a strategic exchange. Demand remains varied, with robust infrastructure activity but subdued residential construction. The company raised its full-year Adjusted EBITDA guidance to $2.30 billion at the midpoint.

The company lowered its full-year 2025 revenue guidance but raised Adjusted EBITDA guidance. Net earnings attributable to Martin Marietta are expected to be $1.09B-$1.185B, with aggregates ASP growth of 6.8% to 7.8% and volume growth of 1% to 4%. Shares were trading higher by 0.16% to $589.98 at last check.

Read more at Yahoo Finance: Martin Marietta Pricing Gains Drive Margin Strength, Sales Outlook Trimmed