NYSE$MLM
Martin Marietta Materials Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Achieved record quarterly consolidated revenues driven by enterprise-wide pricing gains.
Martin Marietta reported record consolidated revenues for Q1 2022, driven by pricing gains and contributions from acquisitions. However, cost inflation outpaced revenue growth, reducing profit margins. The company is raising its full-year outlook for aggregates and cement pricing to offset inflation.
- Achieved record consolidated revenues, benefitting from enterprise-wide pricing gains.
- Organic aggregates and cement shipment growth, and contributions from 2021 acquisitions.
- Cost inflation outpaced top-line improvement, reducing profit margins versus the prior-year quarter.
- Raising full-year outlook for aggregates and cement pricing to offset inflation and replace earnings from recently divested downstream businesses.
Headline financials
Revenue & EPS history
Martin Marietta · Revenue · Quarterly
$1.23B
Revenue by segment
Martin Marietta · $1.15B total across 1 segment · Q1 2022
- Building Materials Business$1.15B—100.0%
Forward guidance
The Company has updated its full-year 2022 guidance to reflect expected pricing realization that it believes will offset additional inflation headwinds and replace earnings from the downstream businesses it recently divested.
Tailwinds
- Consolidated Products and services revenues between $5,640 million and $5,820 million
- Gross profit between $1,560 million and $1,665 million
- Adjusted EBITDA between $1,700 million and $1,800 million
- Aggregates Organic volume % growth between 1.0% and 4.0%
- Aggregates Total volume % growth between 7.0% and 10.0%
Headwinds
- Selling, general and administrative expenses (SG&A) between $395 million and $405 million
- Interest expense between $165 million and $170 million
- Estimated tax rate (excluding discrete events) between 21% and 22%
- Net earnings from continuing operations attributable to Martin Marietta between $800 million and $900 million
- Capital expenditures between $525 million and $550 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+1.2%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+0.6%
Avg return
30 days after
58%
40 / 69 earnings
Positive
+17.6%
Q4 2014
Best reaction
-8.5%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.2% | -1.1% | -5.0% | |
| Q4 2025 | -6.6% | -4.1% | -17.6% | |
| Q3 2025 | +1.0% | -1.4% | -0.1% | |
| Q2 2025 | +0.4% | +2.9% | +4.1% | |
| Q1 2025 | +3.8% | +7.4% | +8.5% | |
| Q4 2024 | -2.2% | -0.3% | -9.7% | |
| Q3 2024 | +1.4% | -0.3% | +2.8% | |
| Q2 2024 | -0.9% | -2.1% | -6.7% | |
| Q1 2024 | -2.0% | -1.9% | -5.9% | |
| Q4 2023 | +1.6% | +2.4% | +13.1% | |
| Q3 2023 | +7.8% | +8.0% | +14.3% | |
| Q2 2023 | -2.1% | -1.1% | -4.6% | |
| Q1 2023 | +7.9% | +8.2% | +12.6% | |
| Q4 2022 | +3.6% | +4.3% | -10.0% | |
| Q3 2022 | -0.8% | +2.5% | +9.4% | |
| Q2 2022 | +4.8% | +4.9% | +4.7% | |
| Q1 2022 | +6.2% | -2.6% | -2.3% | |
| Q4 2021 | -1.0% | +0.5% | -3.2% | |
| Q3 2021 | +4.5% | +5.6% | +6.0% | |
| Q2 2021 | -1.1% | -1.3% | +4.6% | |
| Q1 2021 | +5.6% | +6.7% | +1.4% | |
| Q4 2020 | +5.0% | +9.9% | +13.2% | |
| Q3 2020 | +7.6% | +11.6% | +9.5% | |
| Q2 2020 | -6.1% | -9.1% | -8.3% | |
| Q1 2020 | -8.5% | -7.4% | +10.9% | |
| Q4 2019 | -6.1% | -4.8% | -32.9% | |
| Q3 2019 | -0.8% | -2.1% | +1.1% | |
| Q2 2019 | +10.6% | +9.8% | +13.1% | |
| Q1 2019 | +2.3% | +3.4% | -0.8% | |
| Q4 2018 | -3.0% | +2.2% | +3.1% | |
| Q3 2018 | +8.5% | +5.4% | +6.5% | |
| Q2 2018 | -7.7% | -10.6% | -7.7% | |
| Q1 2018 | +3.9% | +5.3% | +12.2% | |
| Q4 2017 | +1.4% | +1.6% | -3.4% | |
| Q3 2017 | -2.5% | -3.3% | -6.7% | |
| Q2 2017 | -4.5% | -5.3% | -6.4% | |
| Q1 2017 | +7.2% | +6.6% | +2.3% | |
| Q4 2016 | -4.1% | -6.0% | -9.1% | |
| Q3 2016 | +2.7% | +3.7% | +19.2% | |
| Q2 2016 | +2.0% | +1.0% | -6.5% | |
| Q1 2016 | +5.0% | — | — | |
| Q4 2015 | +11.5% | — | — | |
| Q3 2015 | -6.1% | — | — | |
| Q2 2015 | +8.7% | — | — | |
| Q1 2015 | +8.5% | — | — | |
| Q4 2014 | +17.6% | — | — | |
| Q3 2014 | -4.6% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | +6.4% | — | — | |
| Q4 2013 | +5.1% | — | — | |
| Q3 2013 | +1.2% | — | — | |
| Q2 2013 | -1.8% | — | — | |
| Q1 2013 | +1.0% | — | — | |
| Q4 2012 | +1.5% | — | — | |
| Q3 2012 | +2.2% | — | — | |
| Q2 2012 | -4.5% | — | — | |
| Q1 2012 | +0.1% | — | — | |
| Q4 2011 | -1.2% | — | — | |
| Q3 2011 | +2.8% | — | — | |
| Q2 2011 | -1.5% | — | — | |
| Q1 2010 | -3.2% | — | — | |
| Q1 2011 | +2.1% | — | — | |
| Q4 2010 | +2.1% | — | — | |
| Q4 2008 | +2.1% | — | — | |
| Q3 2009 | +2.5% | — | — | |
| Q3 2010 | +2.5% | — | — | |
| Q2 2010 | -6.6% | — | — | |
| Q2 2009 | -6.6% | — | — | |
| Q4 2009 | -6.6% | — | — |
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