NYSE$MLM

Martin Marietta Materials Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Delivered record profitability in the second quarter and first half of 2020.

Martin Marietta reported record profitability in the second quarter of 2020, with consolidated gross margin improving by 200 basis points. Product demand remained strong, and the company saw increased pricing in aggregates, cement, and ready-mixed concrete.

  • Consolidated gross margin improved by 200 basis points.
  • All Building Materials business product lines contributed to expansion.
  • Product demand remains strong.
  • Increased Aggregates, Cement and Ready Mixed Concrete Pricing.

Headline financials

Total Revenue

$1.27B

Previous: $1.28B-0.7%
EPS (adj)

$3.49

Previous: $3.20+9.1%
Average Selling Price per Ton

$14.66

No prior period
Capital Expenditures

-$176M

Previous: -$207M+15.3%
Free Cash Flow

$41.9M

Previous: -$18M+333.1%
Net Income

$218M

Previous: $189M+14.8%
Operating Income

$306M

Previous: $286M+7.2%
Gross Profit

$381M

Previous: $357M+6.6%
Cash & Equivalents

$70.1M

Previous: $53.6M+30.8%
Total Assets

$10.2B

Previous: $10.2B+0.6%
Stock-Based Comp

$7.2M

Previous: $8.75M-17.7%

Revenue & EPS history

Martin Marietta · Revenue · Quarterly

$1.27B

Q2 2020-0.7%vs Q2 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Martin Marietta · $1.14B total across 1 segment · Q2 2020

  • Building Materials Business
    $1.14B

Forward guidance

Martin Marietta will reinstate full-year earnings guidance when it has sufficient visibility. The Company believes its industry will likely experience lower overall product demand over the next few quarters due to the COVID-19 pandemic.

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 Q2 2020

Historical avgQ2 2020

+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

Earnings price reactions
QuarterReport dateReaction (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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