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Posted by Defense World Staff on Jul 23rd, 2026

Dimensional Fund Advisors LP grew its position in Martin Marietta Materials, Inc. (NYSE:MLM – Free Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 546,170 shares of the construction company’s stock after buying an additional 5,764 shares during the period. Dimensional Fund Advisors LP owned approximately 0.91% of Martin Marietta Materials worth $321,442,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Martin Marietta Materials by 51.8% during the 4th quarter. Victory Capital Management Inc. now owns 2,448,928 shares of the construction company’s stock valued at $1,524,853,000 after purchasing an additional 836,120 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Martin Marietta Materials by 31.9% in the second quarter. Bank of America Corp DE now owns 2,340,677 shares of the construction company’s stock worth $1,284,938,000 after purchasing an additional 565,856 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Martin Marietta Materials by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,553,364 shares of the construction company’s stock valued at $963,406,000 after purchasing an additional 10,743 shares in the last quarter. Morgan Stanley boosted its position in shares of Martin Marietta Materials by 5.3% during the fourth quarter. Morgan Stanley now owns 1,367,016 shares of the construction company’s stock valued at $851,188,000 after buying an additional 68,382 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Martin Marietta Materials by 9.3% in the 4th quarter. Invesco Ltd. now owns 769,904 shares of the construction company’s stock worth $479,389,000 after buying an additional 65,623 shares in the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Analyst Upgrades and Downgrades MLM has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price target on shares of Martin Marietta Materials from $702.00 to $664.00 and set an “overweight” rating on the stock in a report on Monday, April 6th. Wells Fargo & Company increased their price target on Martin Marietta Materials from $614.00 to $616.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Berenberg Bank set a $556.00 price objective on Martin Marietta Materials and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings raised Martin Marietta Materials from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 25th. Finally, Citigroup increased their price objective on shares of Martin Marietta Materials from $731.00 to $737.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $681.53.

Get Our Latest Stock Analysis on Martin Marietta Materials

Martin Marietta Materials Trading Up 0.7% Shares of Martin Marietta Materials stock opened at $551.30 on Thursday. Martin Marietta Materials, Inc. has a fifty-two week low of $525.38 and a fifty-two week high of $710.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 2.28. The company has a market capitalization of $33.11 billion, a P/E ratio of 13.14, a P/E/G ratio of 2.32 and a beta of 1.10. The company has a fifty day moving average of $576.52 and a 200 day moving average of $611.15.

Martin Marietta Materials (NYSE:MLM – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.78 by $0.15. Martin Marietta Materials had a return on equity of 10.27% and a net margin of 38.67%.The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the business earned $1.90 earnings per share. The business’s revenue was up 17.2% on a year-over-year basis. On average, sell-side analysts anticipate that Martin Marietta Materials, Inc. will post 19.43 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 1st were issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 1st. Martin Marietta Materials’s dividend payout ratio (DPR) is 7.91%.

Martin Marietta Materials Company Profile (Free Report)

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.

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Key Takeaways Martin Marietta to buy Lhoist North America for $13.5B, expanding its lime and industrial minerals business.MLM expects the deal to boost earnings, margins and cash flow, with about $85M in annual cost synergies.The acquisition raises leverage initially, but MLM plans to reduce it through free cash flow generation. Martin Marietta Materials, Inc. (MLM - Free Report) is making one of the biggest moves in its history with a definitive agreement to acquire Lhoist North America (a subsidiary of Lhoist Group) for $13.5 billion in a cash-and-stock transaction. The transaction is expected to close in the second half of 2026, subject to regulatory approvals.

Although MLM’s shares pulled back 5.7% during yesterday’s trading hours after the news broke, the acquisition significantly strengthens the company’s position in the high-growth lime and industrial minerals market.

More on Martin Marietta's $13.5B DealLhoist North America, or LNA, is a leading producer of hi-calcium lime, dolomitic lime and industrial mineral products serving end markets such as steel manufacturing, infrastructure, environmental applications and agriculture. The business generated $1.8 billion in gross sales and $786 million in adjusted EBITDA in 2025, while operating 20 quarries and production facilities, 45 distribution terminals and controlling more than 2 billion tons of high-quality limestone reserves (mainly in high-growth Sun Belt metropolitan corridors) with an estimated useful life exceeding 200 years.

The transaction aligns with Martin Marietta's SOAR 2030 strategy by expanding its higher-margin Specialties segment and establishing it as the nation's leading producer of lime solutions. The combined business is expected to benefit from resilient long-term demand driven by infrastructure investment, advanced manufacturing, data centers, semiconductor fabrication, LNG facilities and energy development across North America.

Strategically, the acquisition enhances MLM’s footprint across the fast-growing Southeast and Southwest, particularly Texas, while broadening its distribution network and product portfolio. Financially, management expects approximately $85 million in annual cost synergies, with additional commercial and operational upside. The deal is projected to be accretive to earnings, margins and cash flow in the first full year after closing.

Although the acquisition will temporarily lift net leverage to roughly 3.7x, Martin Marietta intends to reduce it below 2.5x within two years through robust free cash flow generation, reinforcing confidence in its long-term value creation strategy.

MLM Stock’s Price PerformanceShares of this producer and supplier of construction aggregates and other heavy building materials have inched down 1.2% in the past three months, underperforming the Zacks Building Products - Concrete and Aggregates industry, the broader Zacks Construction sector and the S&P 500 Index. Continued weakness in residential and light nonresidential demand, alongside an unfavorable geographic mix, is taking a toll on the company’s near-term prospects.

Image Source: Zacks Investment Research

However, multi-year public infrastructure funding and heavy nonresidential work, mainly tied to data centers and power generation projects, are gearing up the company’s mid and long-term prospects. Moreover, consistent execution of the SOAR 2030 plans and a stable cash position offer additional support to Martin Marietta's prospects.

Martin Marietta’s Zacks Rank & Key PicksMartin Marietta currently carries a Zacks Rank #3 (Hold).

Here are some better-ranked stocks from the same sector.

Argan, Inc. (AGX - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Argan delivered a trailing four-quarter earnings surprise of 40.5%, on average. The stock has climbed 45.4% in the past three months. The Zacks Consensus Estimate for Argan’s fiscal 2027 sales and earnings per share (EPS) indicates growth of 38% and 29.4%, respectively, from a year ago.

Sterling Infrastructure, Inc. (STRL - Free Report) presently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 29.1%, on average. Shares of Sterling have surged 99.8% in the past three months.

The Zacks Consensus Estimate for Sterling’s 2026 sales and EPS indicates growth of 59.2% and 75.7%, respectively, from the prior-year levels.

Quanta Services, Inc. (PWR - Free Report) currently sports a Zacks Rank of 1. Quanta delivered a trailing four-quarter earnings surprise of 10.3%, on average. The stock has gained 30.1% in the past three months.

The Zacks Consensus Estimate for Quanta’s 2026 sales and EPS imply an increase of 22.1% and 30.5%, respectively, from a year ago.

Martin Marietta (MLM) shares have dipped following the announcement of its merger with Lhoist North America in a cash-and-stock deal worth approximately $13.5 b

A specialist trader works at the post where Martin Marietta Materials is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 6, 2017. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab

SummaryCompaniesMartin Marietta to fund the deal with $7 billion cash and $6.5 billion in sharesThe Berghmans family would own roughly 15% of Martin Marietta after ​deal closesThe transaction would add 2 billion tons of limestone ‌reserves in Sun Belt corridorsJune 29 (Reuters) - Martin Marietta Materials (MLM.N), opens new tab said on Monday it would merge with limestone supplier Lhoist North America in a cash-and-stock ​deal worth $13.5 billion, as the building material firm looks to tap growing demand ​for lime products.

Shares of the Raleigh, North Carolina-based company were ⁠down about 3% in premarket trade.

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Martin Marietta will use a mix of $7 billion ​in cash along with shares valued at $6.5 billion to fund the deal, ​the company said. It expects to realize about $85 million in annual run-rate cost synergies.

Martin Marietta CEO Ward Nye said demand for high-quality lime products is expected to remain resilient for ​decades to come, due to investment in infrastructure, advanced manufacturing, energy development and industrial ​expansion in the U.S.

There has been a surge in dealmaking in the U.S. building-products industry as the ‌data center ⁠construction business booms, along with new housing, repairs and renovations.

Last week, Ireland's CRH (CRH.N), opens new tab said it would acquire Arcosa (ACA.N), opens new tab in an all-cash deal valued at about $8.5 billion, in a bid to capitalize on rising demand for U.S. energy and utility infrastructure.

Lhoist's ​Berghmans family - which ​owns the privately ⁠held Lhoist Group, a Belgian industrial company - would own roughly 15% of Martin Marietta upon the deal's close.

The transaction would ​add quarries, production facilities, distribution terminals and 2 billion ​tons of ⁠limestone reserves in Sun Belt metropolitan corridors to Martin Marietta's portfolio.

Lhoist North America makes hi-calcium lime, dolomitic lime and industrial mineral products used in domestic ⁠steel ​manufacturing, infrastructure and heavy non-residential construction across North America.

The ​deal is expected to be completed in the second half of 2026, subject to regulatory approvals.

Reporting ​by Anshuman Tripathy in Bengaluru; Editing by Shailesh Kuber and Devika Syamnath

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Martin Marietta stock falls after the construction materials giant announces a$13.5 billion deal to buy Lhoist North America, a supplier of limestone and key components for steelmaking.

© robertcicchetti / Getty Images

Pre-Market Stock Futures: Risk-on appeared back, at least for the last two days, as the stock market put together another rally on Wednesday, with hopes for an end to the war in Iran and some solid economic data teaming up to push stocks higher, though not at the frenetic level of Tuesday’s rally. However, the futures are trading lower as we get set to end a holiday-shortened trading week, after the President’s speech to the country apparently left many confused on the timing of the end of the fighting.  All of the major indices finished the day higher, with the tech-heavy Nasdaq leading the way, closing up 1.16% at 21,840, while the S&P 500 closed at 6,575, up 0.72%. The small-cap Russell 2000, the only index up in 2026, finished the mid-week session at 2,515, up 0.78%, while the Dow Jones Industrial Average was last seen at 46,565, up 0.48%.

Treasury Bonds: After a strong rally to start the week, yields were up across the Treasury curve, as many portfolio managers are likely to reset their portfolios amid the growing likelihood of no rate cuts this year. If inflation does spike, we could even see a rate hike later this year. The 30-year-long bond closed Wednesday’s trading at 4.91%, while the benchmark 10-year note finished the session at 4.33%.

Oil and Gas: Oil prices were down on Wednesday, as the seemingly positive direction in the war with Iran, solid economic numbers, and many feeling the sector is overbought all contributed to the selling. Published reports we saw on Wednesday suggest that bearish bets on oil have risen to over $1 billion, with many traders using the ProShares UltraShort Bloomberg Crude Oil ETF. (NYSEArca: SCO) to place those bets. Brent Crude closed the Wednesday session at $100.70, down 3.15%, while West Texas Intermediate ended trading at $99.40, down 1.95%. Natural gas, which has had a tough stretch, closed down 2.53% at $2.81. 

Gold: The precious metals market followed suit again, trading in lockstep with the equity markets as Gold closed the day up 1.97% at $4,759, while Silver also finished higher, but barely so, at $75.09, up 0.12%. 

Crypto: Crypto markets surged on Wednesday as Bitcoin and other major digital assets climbed in the wake of the news reports suggesting a potential resolution to the Iran conflict. Easing geopolitical tensions drove oil prices lower, reducing demand for traditional safe-haven assets and prompting investors to turn to riskier plays. However, some analysts have cautioned that the rally was fueled more by growing leverage than by genuine spot buying, leaving the market vulnerable to a sharp reversal. And while optimism has crept back in, the broader mood has remained guarded, and many participants have noted that the lingering fallout from a recent stretch of “extreme fear” has yet to fully clear. At 8 AM EDT, Bitcoin was trading at $66,196, while Ethereum was quoted at $2,032.

24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. 

Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Thursday, April 2, 2026.  

Upgrades: Brinker International Inc. (NYSE: EAT) was upgraded to Overweight from Sector Weight at KeyBanc, which has a $177 target price for the Chili’s owner Martin Marietta Materials Inc. (NYSE: MLM) | MLM Price Prediction was raised to Buy from Neutral at B. Riley, with a $700 target price. Ollie’s Bargain Outlet Holdings  Inc. (NASDAQ: OLLI) was raised to Buy from Hold at Jefferies, which raised the target price for the shares to $130 from $120. Vale SA (NYSE: VALE) was upgraded to Buy from Hold at Bank of America, which nudged the target price for the metal and mining giant to $19 from $18. Wingstop Inc. (NASDAQ: WING) was upgraded to Overweight from Neutral at Piper Sandler, with a $190 target price. Downgrades: Akamai Technologies Inc. (NASDAQ: AKAM) was downgraded to Neutral from Outperform at Baird, with a $110 target price objective. Apellis Pharmaceutical Inc. (NASDAQ: APLS) was downgraded to Neutral from Buy at Roth Capital with a $41 target. Biogen is buying the company. Methanex Corporation (NASDAQ: MEOH) was downgraded to Sector Perform from Outperform at RBC Capital, which actually raised the target price for the stock to $65 from $55. Wix.com Ltd.(NASDAQ: WIX) was cut to Neutral from Buy at UBS, which slashed the target price for the stock to $96 from $145. Initiations: AstraZeneca plc (NYSE: AZN) was assumed with a Buy rating at Goldman Sachs, with a $220 target price. CareTrust REIT Inc. (NYSE: CTRE) was initiated with an Outperform rating at Mizuho, with a $42 target price. e.l.f Beauty Inc. (NYSE: ELF) was started with an In-line rating at Evercore ISI, which has set a $68 target price for the popular cosmetics company. Freeport-McMoran Inc. (NYSE: FCX) was initiated with a Buy rating at Goldman Sachs, which has a $70 target price for the shares. 
Nutanix Inc. (NASDAQ: NTNX) was started with a Buy rating at Rosenblatt, which has set a $60 target price.

April 16, 2026 16:15 ET  | Source: Martin Marietta Materials, Inc.

RALEIGH, N.C., April 16, 2026 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company) will host its first-quarter 2026 earnings call on Thursday, April 30, 2026, at 10:00 a.m. Eastern Time. The Company will release results for the quarter ended March 31, 2026, that morning before the market opens.

A live, listen-only webcast and supplemental information will be accessible on the Investors section of the Company’s website at www.martinmarietta.com. The conference call may also be accessed by dialing +1 (646) 307-1963 and using conference ID 6288728. Please dial in at least 15 minutes in advance to ensure a timely connection. An on-demand replay will be available on the Company’s website approximately two hours following the conclusion of the live broadcast and will be available for one year.

Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of aggregates and other building materials. Through a network of operations spanning 28 states, Canada and The Bahamas, dedicated Martin Marietta teams supply the resources necessary for building the solid foundations on which our communities thrive. Martin Marietta’s Specialties business provides high-purity magnesia and dolomitic lime products used worldwide in environmental, industrial, agricultural and other specialty applications. For more information, visit www.martinmarietta.com or www.magnesiaspecialties.com.

Investor Contact:
Jacklyn Rooker
Vice President, Investor Relations
+1 (919) 510-4736
[email protected]

MLM-E.

Posted by Defense World Staff on Apr 26th, 2026

Arizona State Retirement System lowered its stake in shares of Martin Marietta Materials, Inc. (NYSE:MLM – Free Report) by 7.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,577 shares of the construction company’s stock after selling 1,292 shares during the period. Arizona State Retirement System’s holdings in Martin Marietta Materials were worth $10,322,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE boosted its position in Martin Marietta Materials by 31.9% in the 2nd quarter. Bank of America Corp DE now owns 2,340,677 shares of the construction company’s stock valued at $1,284,938,000 after buying an additional 565,856 shares during the period. Principal Financial Group Inc. boosted its position in Martin Marietta Materials by 9.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,204,425 shares of the construction company’s stock valued at $1,389,428,000 after buying an additional 192,637 shares during the period. Millennium Management LLC boosted its position in Martin Marietta Materials by 1,570.3% in the 3rd quarter. Millennium Management LLC now owns 108,167 shares of the construction company’s stock valued at $68,175,000 after buying an additional 115,524 shares during the period. Freestone Grove Partners LP boosted its position in Martin Marietta Materials by 748.5% in the 3rd quarter. Freestone Grove Partners LP now owns 124,963 shares of the construction company’s stock valued at $78,762,000 after buying an additional 110,236 shares during the period. Finally, Vanguard Group Inc. boosted its position in Martin Marietta Materials by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 7,442,945 shares of the construction company’s stock valued at $4,691,139,000 after buying an additional 93,595 shares during the period. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Price Performance Shares of NYSE:MLM opened at $615.35 on Friday. The company’s fifty day moving average price is $619.83 and its 200 day moving average price is $628.60. Martin Marietta Materials, Inc. has a 12 month low of $490.31 and a 12 month high of $710.97. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.57 and a quick ratio of 2.36. The firm has a market capitalization of $37.08 billion, a P/E ratio of 32.73, a P/E/G ratio of 2.23 and a beta of 1.19.

Martin Marietta Materials (NYSE:MLM – Get Free Report) last announced its quarterly earnings results on Wednesday, February 11th. The construction company reported $4.62 EPS for the quarter, missing the consensus estimate of $4.81 by ($0.19). Martin Marietta Materials had a return on equity of 10.86% and a net margin of 17.38%.The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the business earned $4.79 earnings per share. Martin Marietta Materials’s revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts predict that Martin Marietta Materials, Inc. will post 19.85 earnings per share for the current fiscal year.

Martin Marietta Materials Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 2nd were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, March 2nd. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 17.66%.

Analyst Ratings Changes Several equities analysts have commented on the stock. Stephens decreased their price target on shares of Martin Marietta Materials from $740.00 to $735.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Truist Financial set a $710.00 price target on shares of Martin Marietta Materials in a research report on Thursday, February 12th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $630.00 price target on shares of Martin Marietta Materials in a research report on Thursday, February 26th. Jefferies Financial Group reissued a “buy” rating and issued a $785.00 price target on shares of Martin Marietta Materials in a research report on Thursday, February 26th. Finally, B. Riley Financial raised shares of Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $700.00 price target for the company in a research report on Thursday, April 2nd. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $692.06.

View Our Latest Research Report on Martin Marietta Materials

Martin Marietta Materials Company Profile (Free Report)

Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects.

In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services.

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The Zacks Building Products - Concrete & Aggregates industry faces several near-term headwinds. Residential construction remains soft due to affordability pressures and elevated interest rates, limiting demand from housing-related projects. The industry is also dealing with cost inflation, labor shortages, regulatory hurdles and weather-related disruptions that can affect project schedules and operating efficiency. Tight quarry supply in some markets may also constrain volumes.

Despite these challenges, the broader outlook remains steady. Federal and state spending on highways, utilities and infrastructure projects continues to provide a reliable demand base. A gradual recovery in private nonresidential construction should add support over time. At the same time, rising investment in data centers, manufacturing plants and industrial facilities is creating new growth opportunities. Pricing conditions remain healthy, helped by high barriers to entry and disciplined supply conditions. Companies are also focusing on productivity and cost-control measures to protect margins. For 2026, demand visibility appears solid, with long-term fundamentals remaining favorable for leaders such as Vulcan Materials Company (VMC - Free Report) , Martin Marietta Materials, Inc. (MLM - Free Report) and Suncrete, Inc. (RMIX - Free Report) .

Industry Description The Zacks Building Products - Concrete & Aggregates industry consists of manufacturers, distributors and sellers of construction materials like aggregates and concrete along with other related items for public infrastructure, residential and non-residential, as well as other end markets. The materials also include gypsum wallboard, recycled paperboard, concrete blocks, ready-mix concrete, and oil and gas proppants. The industry players are also involved in designing, engineering, manufacturing, marketing, and installation of external building products for commercial, residential, and repair and remodel markets in domestic as well as international markets.

4 Trends Shaping the Future of Concrete & Aggregates Industry Residential Construction Weakness Remains a Key Drag: The U.S. Concrete and Aggregates industry continues to face pressure from weak residential construction demand, especially in single-family housing. Elevated mortgage rates, affordability constraints and cautious homebuyer sentiment have slowed new housing starts in many markets. Major producers noted that residential activity remained softer than expected in 2025 and is likely to stay limited in the near term unless financing conditions improve. Since housing is an important end market for aggregates, prolonged weakness can restrain shipment volumes and plant utilization.

Fluctuation in Input Prices, Weather Woes & Shortage of Skilled Labors: The industry players are struggling with escalating material expenses, the shortage of skilled laborers and rising wage costs. The companies use electricity, diesel fuel, liquid asphalt and other petroleum-based resources. Hence, supply-related woes and significant fluctuations in the prices of these resources affect operating results. Also, businesses are exposed to weather-related risks affecting production schedules and profitability. Excessive rainfall, flooding or severe droughts jeopardize shipments and production. The first and fourth quarters are affected mainly by winter. Again, hurricanes in the Atlantic Ocean and the Gulf Coast are most active during these quarters. These impediments may bump up costs and mar the industry participants’ profits.

Focus on Reviving Infrastructure: The Infrastructure Investment and Jobs Act, the Creating Helpful Incentives to Produce Semiconductors and Science Act, and the Inflation Reduction Act collectively signify a substantial commitment to bolstering American competitiveness. These three enacted laws are aimed at revitalizing American infrastructure, expediting the shift toward a sustainable economy, and fortifying the domestic semiconductor sector. These bills comprise new investments in almost every infrastructure sector, including transportation, energy, broadband and water. The U.S. administration’s endeavor to pump money for rebuilding the nation's roads, bridges and other infrastructure would give construction companies a solid foundation for growth. While the residential sector is facing headwinds from high interest rates and affordability issues, the industrial segment, especially data center and warehouse construction, is stabilizing.

Acquisitions & Focus on Operating Efficiency: The industry participants follow a well-chalked-out acquisition plan to enhance domestic and international portfolios. Moreover, companies are increasingly focusing on reducing controllable costs and maximizing operating efficiency across business lines to generate higher earnings and cash flows. The industry players have also been experiencing a solid pricing environment across their product portfolios, thereby helping to boost margins.

Zacks Industry Rank Indicates Bleak Prospects The Zacks Building Products - Concrete & Aggregates industry is a seven-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #160, which places it in the bottom 34% of more than 250 Zacks industries.

The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dull near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a lower earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential. Since February 2026, the industry’s earnings estimates for 2026 have decreased to $2.27 per share from $2.31.

Despite the industry’s uncertain near-term outlook, we highlight a few stocks that investors may consider adding to their portfolios. But first, it is worth reviewing the industry’s shareholder returns and current valuation.

Industry Lags Sector & S&P 500 The Zacks Building Products - Concrete & Aggregates industry has underperformed the broader Zacks Construction sector and the Zacks S&P 500 Composite over the past year, respectively.

Stocks in this industry have collectively gained 27.2% compared with the broader sector’s 30.7% rise over the past year. Meanwhile, the S&P 500 has gained 33.7% in the same period.

One-Year Price Performance

Concrete & Aggregates Industry's Current Valuation On the basis of the forward 12-month price-to-earnings, which is a commonly used multiple for valuing Building Products - Concrete & Aggregates stocks, the industry is currently trading at 24.03X versus the S&P 500’s 22.15X and the sector’s 21.6X.

Over the past five years, the industry has traded as high as 25.98X, as low as 13.86X and at a median of 19.91X, as the chart below shows.

Industry’s P/E Ratio (Forward 12-Month) Versus S&P 500

Industry’s P/E Ratio (Forward 12-Month) Versus Sector

3 Concrete & Aggregates Stocks to Keep an Eye On Below, we have discussed three stocks from the Zacks Concrete & Aggregates universe that have growth potential. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Vulcan Materials Company: This Birmingham, AL-based company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete. Vulcan’s growth is supported by a combination of resilient end-market demand and disciplined execution. Public construction remains a powerful tailwind, underpinned by multi-year infrastructure funding and stronger contract awards across Vulcan’s core markets, which provide stable visibility for aggregates shipments. Private nonresidential activity is also improving, helped by momentum in data centers and large industrial projects near key Vulcan operations. Residential demand is softer, but geographic diversity and exposure to faster-growing Sun Belt markets cushion the weakness. Alongside demand, Vulcan’s operational discipline—anchored in the Vulcan Way of Operating—continues to enhance plant efficiencies, manage costs and expand unit profitability. Additionally, the company’s pricing strategy and leading market positions support steady price realization. Strategic portfolio actions, including divestitures of non-core downstream assets, further sharpen the aggregates-led focus and free up capital for high-return growth opportunities.

Vulcan, a Zacks Rank #3 (Hold) stock, has gained 19% over the past year. Also, the 2026 earnings per share (EPS) estimate depict 14.6% year-over-year growth. This company surpassed earnings estimates in two of the trailing four quarters and missed on the other two occasions, with the average surprise being 2.1%. It has a three-to-five-year expected EPS growth rate of 14.5%.

Price and Consensus: VMC

Martin Marietta: Based in Raleigh, NC, Martin Marietta produces and supplies construction aggregates and other heavy building materials, mainly cement, in the United States. Martin Marietta’s growth is being driven by broadly constructive demand across its key end markets, supported by strong infrastructure funding, steady heavy nonresidential activity and gradually improving residential trends. Federal and state infrastructure programs, including multi-year allocations under the Infrastructure Investment and Jobs Act, continue to provide a durable pipeline of highway, bridge and road projects that underpin aggregates shipments. Heavy nonresidential demand is bolstered by accelerating data center development, early-stage manufacturing projects and energy-related construction across high-growth Sunbelt markets. Even as residential construction remains soft, moderating mortgage rates point toward eventual stabilization. With an aggregates-led business model, disciplined pricing, improved operational execution and contributions from portfolio optimization initiatives, Martin Marietta is positioned to capitalize on these long-term structural tailwinds.

Martin Marietta, a Zacks Rank #3 stock, has gained 22.4% over the past year. The Zacks Consensus Estimate for MLM’s EPS and revenues depicts 19.4% and 7% growth, respectively. It has a three-to-five-year expected EPS growth rate of 14%.

Price and Consensus: MLM

Suncrete: The company, which became a public corporation in April 2026 after completing a business combination with Haymaker Acquisition Corp. 4., has promising growth prospects as it enters the public market. The company is strategically focused on the fast-growing U.S. Sunbelt, with an existing footprint across Oklahoma and Arkansas and plans to expand further. Its vertically integrated model, including batching plants, owned mixer trucks and tech-enabled dispatch systems, should support efficiency and stronger margins. Suncrete also serves diversified end markets such as infrastructure, commercial and residential construction, reducing reliance on any single segment. Importantly, management highlighted opportunities for market-share gains, organic growth and accretive acquisitions, supported by about $226 million in gross proceeds from its business combination.

Suncrete, a Zacks Rank #3 stock, has gained 30.8% over the past month. The Zacks Consensus Estimate for RMIX’s 2026 EPS and revenues calls for 19 cents and $300 million, respectively. For 2027, the consensus mark for RMIX’s EPS and revenues depicts 31.6% and 5% growth, respectively.

Price and Consensus: RMIX

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Published in construction

TORONTO, April 29, 2026 (GLOBE NEWSWIRE) -- McFarlane Lake Mining Limited (“McFarlane” or the “Company”) (CSE: MLM, OTC: MLMLF, FRA: W2Z) is pleased to provide an update of ongoing exploration activities and development plans on its 100%-owned Juby Gold Project, located west of Gowganda, Ontario, within the southern part of the “Abitibi Greenstone Belt”. Highlights MRE Update Underway: Drilling results to date have exceeded expectations.

Key Takeaways U.S. construction earnings are seen down 12.8% YoY in Q1, while revenues may rise 1.1%.Quanta and MasTec may benefit from power, grid and data center infrastructure demand.Weyerhaeuser and Martin Marietta face pressure from housing softness and private spending. Moving into the upcoming earnings phase, the construction sector of the United States seems to be in a state of conjecture, with strong public construction demand trends counterbalancing the weak housing market. Increasing power demand is stimulating growth in public project demand, while rising mortgage rates and weak consumer sentiment are muting housing demand and starts.

Against this mixed backdrop, key market players, including MasTec, Inc. (MTZ - Free Report) , Quanta Services, Inc. (PWR - Free Report) , Weyerhaeuser Company (WY - Free Report) and Martin Marietta Materials, Inc. (MLM - Free Report) , are set to provide crucial insights into demand trends, pricing discipline and backlog visibility.

Considering a broader view of the Construction sector, per the latest Earnings Trends report (as of April 22), 23.5% of the sector’s companies out of the reported 86 S&P 500 members had released their earnings. Having the sector’s market capitalization of 14.6%, these companies, in total, reported a 31.5% decline in the bottom line, with the top line tumbling 8.1%. Of the companies that have reported, 50% beat on earnings, while 25% topped the revenue estimates.

Expectations of the Construction Sector’s Earnings SeasonPer the recent Earnings Trends report, the construction sector’s earnings are expected to tumble 12.8% year over year in the first quarter compared with a 16% decline in the prior quarter. Conversely, revenues are anticipated to inch up 1.1% compared with 2.4% growth in the fourth quarter of 2025.

What is Driving the Sector’s Growth?The United States is witnessing a boost from increased public infrastructure spending, which is currently at its peak momentum. The ongoing governmental initiatives are proving incremental for companies engaging in public construction and engineering projects, resulting in a growing backlog. Increasing power demand from data centers and electrification, elevated revamp and new transportation projects, and decarbonization spectrum, are adding to the uptrend. Companies like MasTec and Quanta, whose revenue growth and profitability are directly tied to this market tailwind, are expected to have benefited in the quarter to be reported.

MasTec continues to benefit from strong activity across communications, clean energy and power delivery markets. Higher wireless and fiber deployments, steady renewable and industrial project momentum and ongoing grid modernization work are expected to support the company’s financial performance.

Similarly, Quanta, which is a provider of specialty contracting services, is uniquely positioned to gain from significant increases in power demand driven by electrification, AI and data center growth. As governments and corporations accelerate investment in decarbonization and energy security, Quanta’s expertise in large-scale, mission-critical infrastructure makes it a natural beneficiary of the energy transition.

Challenges Posing a Threat to the Construction SectorDespite the public infrastructure construction boom, the broader sector’s prospects are pulled back by the ongoing housing market softness. Per Freddie Mac, the 30-year mortgage rate moved up from 6.16% as of the week ending on Jan. 8 to 6.38% as of the week ending on March 26. Amid the heightened geopolitical tensions and increasing inflation, homebuyers in the country stayed demotivated in owning a new house.

As of the recent report (March 12, 2026) by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, single-family housing starts in January 2026 were 2.8% below from December 2025 and 6.5% down year over year. Also, per the U.S. Census Bureau’s recent construction spending report on March 23, private construction spending in January 2026 was 0.6% below month-over-month and 0.1% year over year.

Firms like Weyerhaeuser have been navigating the tough economic conditions with weaker OSB pricing, lingering demand inefficiencies and export-related headwinds, including freight and demand variability. These adverse aspects are expected to have pressured bottom-line growth in the to-be-reported quarter. Also, Martin Marietta is struggling to manage its profitability and revenue performance due to softness in private construction activities and a weak housing market.

Construction Stocks to Watch OverAmid a bundle of stocks, to identify one with the potential to beat earnings estimates, the following Zacks methodology can be exercised. The Zacks model suggests that a company needs to have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — to increase the odds of an earnings beat. You can uncover the best stocks before they’re reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks Rank #1 stocks here.

Here are four stocks that are set to report their earnings on April 30.

MasTec: This Florida-based infrastructure construction company has an Earnings ESP of +2.22% and a Zacks Rank of 3. MTZ reported better-than-expected earnings in each of the trailing four quarters, the average surprise being 17.4%.

The Zacks Consensus Estimate for MTZ’s first-quarter 2026 revenues and EPS is pegged at $3.47 billion and 98 cents, representing growth of 21.9% and 92.2%, respectively, from the year-ago figures. (read more: Should Investors Hold or Fold MasTec Stock Ahead of Q1 Earnings?)

Quanta: This Texas-based specialty contracting services provider has an Earnings ESP of +0.04% and a Zacks Rank of 3. PWR reported better-than-expected earnings in each the trailing four quarters, the average surprise being 4.3%.

The Zacks Consensus Estimate for PWR’s first-quarter 2026 revenues and EPS is pegged at $6.99 billion and $2.04, implying increases of 12.2% and 14.6%, respectively, from the year-ago figures. (read more: Quanta to Report Q1 Earnings: Here's What Investors Must Know)

Weyerhaeuser: This Washington-based forest product company has an Earnings ESP of +38.46% and a Zacks Rank of 3. WY reported better-than-expected earnings in three of the trailing four quarters and met on the remaining occasion, the average surprise being 59.1%.

The Zacks Consensus Estimate for WY’s first-quarter 2026 revenues and EPS is pegged at $1.73 billion and four cents, indicating declines of 1.6% and 63.6%, respectively, from the year-ago figures. (read more: Weyerhaeuser Set to Report Q1 Earnings: Key Factors to Watch)

Martin Marietta: This North Carolina-based producer and supplier of construction aggregates and other heavy building materials has an Earnings ESP of -5.95% and a Zacks Rank of 3. MLM reported better-than-expected earnings in one of the trailing four quarters and missed on the remaining three occasions, the average negative surprise being 7%.

The Zacks Consensus Estimate for MLM’s first-quarter 2026 revenues and EPS is pegged at $1.33 billion and $1.87, indicating declines of 1.5% and 1.6%, respectively, from the year-ago figures. (read more: Martin Marietta to Report Q1 Earnings: What to Expect This Season?)

Revenues Increased 17% with Momentum Continuing in April

Completed Asset Exchange with QUIKRETE

Entered into a Definitive Agreement to Acquire New Frontier Materials

Reaffirmed Full-Year 2026 Guidance Based on Strong Underlying Demand

RALEIGH, N.C., April 30, 2026 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company), a leading national supplier of aggregates and other building materials, today reported results for the first quarter ended March 31, 2026.

First-Quarter Highlights
(Financial highlights are for continuing operations)

  Quarter Ended March 31,(In millions, except per share and per ton data) 2026  2025  % ChangeRevenues2 $1,362  $1,162  17%Gross profit3 $310  $315  (2)%Earnings from operations4 $162  $179  (9)%Net earnings from continuing operations attributable to Martin Marietta5 $79  $104  (24)%Adjusted EBITDA from continuing operations1 $364  $319  14%Earnings per diluted share from continuing operations5 $1.31  $1.70  (23)%Adjusted earnings per diluted share from continuing operations1 $1.93  $1.70  14%         Aggregates product line:        Shipments (tons)  43.9   39.0  12%Average selling price per ton $23.70  $23.77  (0)%Revenues $1,142  $1,002  14%Gross profit3 $288  $297  (3)%Gross profit per ton3 $6.56  $7.59  (14)% 1 Non-GAAP financial measures; see pages 15 and 17 for reconciliations to the nearest GAAP financial measures.
For additional notes, see page 14.

Ward Nye, Chair, President and CEO of Martin Marietta, stated, “2026 is off to a strong start, with revenues improving 17% to a new first-quarter record. Organic aggregates shipment growth of 7% meaningfully exceeded expectations, benefiting from an early start to the construction season in the Midwest and Colorado, as well as strong infrastructure and heavy nonresidential demand across our geographic footprint. The quarter's results reflect a 14% improvement in both Adjusted EBITDA from continuing operations and Adjusted earnings per diluted share from continuing operations. Importantly, our teams delivered the best first-quarter safety performance in the Company's history, underscoring our unwavering commitment to world-class safety and operational excellence.

"As noted, on February 23 we closed our largest aggregates acquisition to date through an Internal Revenue Code Section 1031 asset exchange with Quikrete Holdings, Inc. (QUIKRETE). This milestone enhanced the quality and durability of our earnings profile and provided $450 million of cash to redeploy into M&A opportunities. As such, and consistent with the Company's strategic plan, on April 19, we signed a definitive agreement to acquire New Frontier Materials (NFM). NFM is a leading Midwestern aggregates-led producer with high-quality, strategically located reserves complementing Martin Marietta's existing footprint and long-term growth objectives.

"With April's continued strong product demand, the impact of April 1 price increases, and ongoing optimization efforts, we are reaffirming our full-year 2026 Adjusted EBITDA from continuing operations guidance of $2.43 billion at the midpoint."

Mr. Nye concluded, "Our increasingly aggregates-focused portfolio, complemented by a differentiated Specialties business with aggregates-like characteristics, positions us to deliver superior performance across a broad range of economic environments while maintaining discipline through periods of macroeconomic volatility. With SOAR 2030 underway, we remain confident in our ability to achieve our 2026 objectives while creating sustainable long-term value for shareholders."

First-Quarter Financial and Operating Results

(All financial and operating results are for continuing operations and comparisons are versus the prior-year first quarter, unless otherwise noted)

Building Materials Business

Aggregates

First-quarter aggregates shipments increased 12.4 percent to a first-quarter record 43.9 million tons, driven by organic growth and partial-quarter contributions from the operations acquired from QUIKRETE on February 23, 2026. Average selling price (ASP) of $23.70 per ton was in line with the prior-year quarter, reflecting acquisition and geographic mix headwinds, as combined organic shipments increased more than 20 percent in the Central and West Divisions, which typically carry lower ASPs and related gross margins.

Aggregates gross profit decreased $9 million, or 3 percent, to $288 million, inclusive of the $22 million charge for the impact of selling acquired inventory after markup to fair market value as part of purchase accounting and higher depreciation, depletion and amortization expense. Organic cost of goods sold per ton increased 5.6 percent and included approximately 300 basis points of headwinds from higher pass-through external freight costs and other timing-related items.

Other Building Materials

Other Building Materials revenues decreased 5 percent to $116 million. Consistent with historical first-quarter trends, the business posted a gross loss of $16 million due to seasonal winter operational shutdowns in Colorado and Minnesota.

Specialties Business

Specialties delivered revenues of $143 million and gross profit of $45 million, both quarterly records. These results reflected contributions from the 2025 Premier Magnesia, LLC acquisition and organic pricing gains, partially offset by lower organic shipments and higher energy costs, which weighed on input cost trends during the quarter.

Portfolio Optimization

On February 23, 2026, the Company completed the asset exchange with QUIKRETE. Under the terms of the transaction, Martin Marietta acquired aggregates operations producing approximately 20 million tons annually in Virginia, Missouri, Kansas and Vancouver, British Columbia, along with $450 million in cash. In exchange, QUIKRETE acquired the Company’s Midlothian cement plant, related cement terminals, Texas ready mixed concrete plants and certain nonoperating land.

On April 19, 2026, the Company entered into a definitive agreement to acquire NFM, a complementary bolt-on aggregates-led business operating in the greater St. Louis metropolitan area that produces over 8 million tons of aggregates annually. The transaction is expected to close in the second half of this year, subject to regulatory approvals and other customary closing conditions.

Discontinued Operations

In connection with the QUIKRETE asset exchange, the Company's Midlothian cement plant, related cement terminals and Texas ready mixed concrete plants were reported as discontinued operations through the transaction close date. Earnings from discontinued operations, net of income tax expense, totaled $1.4 billion and $12 million for the quarters ended March 31, 2026 and 2025, respectively. Earnings for the quarter ended March 31, 2026, included a $1.4 billion after-tax gain on the asset exchange.

Cash Generation, Capital Allocation and Liquidity

Cash provided by operating activities for the three months ended March 31, 2026, was $227 million, a first-quarter record, compared with $218 million for the prior-year period.

Cash paid for property, plant and equipment additions for the three months ended March 31, 2026, was $186 million.

During the three months ended March 31, 2026, the Company returned $251 million to shareholders through dividend payments and share repurchases. As of March 31, 2026, 10.7 million shares remained available under the current repurchase authorization.

As of March 31, 2026, the Company had $273 million of unrestricted cash and cash equivalents on hand and $1.2 billion of unused borrowing capacity on its existing credit facilities, providing substantial financial flexibility to support the execution of a robust M&A pipeline.

Full-Year 2026 Guidance

The Company's 2026 guidance provided below reflects continuing operations only and is inclusive of contributions from the operations acquired from QUIKRETE on February 23, 2026.

2026 GUIDANCE (Dollars in Millions) Low Midpoint High Revenues $7,000 $7,160 $7,320 Net earnings from continuing operations attributable to Martin Marietta $1,062 $1,115 $1,168 Adjusted EBITDA from continuing operations1 $2,360 $2,430 $2,500 Capital expenditures $550 $575 $600         Aggregates       Volume % growth2  11.0% 12.0% 13.0%Organic volume % growth2  1.0% 2.0% 3.0%ASP % growth3  1.5% 2.5% 3.5%Organic ASP % growth3  4.0% 5.0% 6.0% 1Non-GAAP financial measure; see page 16 for a reconciliation to net earnings from continuing operations attributable to Martin Marietta.2Volume change is based on total aggregates shipments and is in comparison to 2025 shipments of 198.5 million tons.3ASP change is based on aggregates average selling price and is in comparison to 2025 ASP of $23.30 per ton.
Non-GAAP Financial Information

This earnings release includes financial measures not prepared in accordance with United States generally accepted accounting principles (GAAP). Reconciliations of these non-GAAP financial measures to the most comparable GAAP measures are provided in the Appendix. Management believes these non-GAAP measures are widely used by investors to evaluate the Company’s performance and, when considered alongside the Company’s consolidated financial statements, offer valuable insight into the Company’s ongoing and expected business results. These measures also inform internal evaluations of overall business performance. Management recognizes that reported results are influenced by numerous factors, and the adjustments in non-GAAP measures may not reflect all such impacts. Additionally, these measures may not be comparable to similarly titled measures used by other companies.

Conference Call Information

Martin Marietta will discuss its first-quarter 2026 earnings results today, April 30, 2026, via a conference call and live webcast beginning at 10:00 a.m. Eastern Time. To participate, dial +1 (646) 307-1963 and enter conference ID 6288728. Participants are encouraged to dial-in at least 15 minutes prior to the scheduled start time to ensure a timely connection. A replay of the webcast will be available approximately two hours after the live broadcast concludes. Access links for both the live and archived events, along with the Q1 2026 Supplemental Information, are available on the Investors section of the Company's website.

About Martin Marietta

Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of aggregates and other building materials. Through a network of operations spanning 28 states, Canada and The Bahamas, dedicated Martin Marietta teams supply the resources necessary for building the solid foundations on which our communities thrive. Martin Marietta’s Specialties business provides high-purity magnesia and dolomitic lime products used worldwide in environmental, industrial, agricultural and specialty applications. For more information, visit www.martinmarietta.com or www.magnesiaspecialties.com.

Investor Contact:

Jacklyn Rooker
Vice President, Investor Relations
+1 (919) 510-4736
[email protected]

MLM-E.

This earnings release contains forward-looking statements under the federal securities laws, including the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties and are based on assumptions that the Company believes are reasonable, but which may differ materially from actual results. These statements reflect the Company’s current expectations or forecasts of future events. You can identify these statements because they do not relate only to historical or current facts and may use words such as “guidance”, “anticipate”, “may”, “expect”, “should”, “believe”, “will”, and other words of similar meaning in connection with future events or future performance. Any or all the Company’s forward-looking statements herein and in other publications may prove to be incorrect.

First-quarter results and trends described in this release may not necessarily be indicative of the Company’s future performance. The Company’s outlook is subject to risks and uncertainties and is based on assumptions that the Company believes are reasonable but which may be materially different from actual results. Factors that the Company currently believes could cause actual results to differ materially from the forward-looking statements, including the outlook and 2026 Guidance, include, but are not limited to: the Company’s ability to address challenges, including shipment declines caused by economic and weather events beyond its control; a widespread decline in aggregates pricing, including reduced shipment volume negatively affecting price; the termination, capping, reduction or suspension of federal and/or state fuel tax(es) or other revenue related to public construction; the impact of the Administration on the availability and timing of federal and state infrastructure investment; the level and timing of federal, state or local transportation or infrastructure or public projects funding, including any issues arising from such budgets, particularly in Texas, North Carolina, Colorado, California, Georgia, Florida, South Carolina, Arizona, Iowa and Minnesota; the United States Congress’ inability to reach agreement internally or with the Executive Branch on policy affecting the federal budget; a prolonged Federal government shutdown; the ability of states or other entities to finance approved projects through tax revenues or alternative financing; construction spending levels in the Company’s markets; reductions in defense spending and impacts on construction activity on or near military bases; declines in energy-related construction due to sustained low global oil prices or changes in oil production or capital spending, particularly in Texas; sustained high mortgage interest rates and factors leading to a slowdown in private construction in some areas; unfavorable weather, including storms, hurricanes, wildfires, timing of seasons, drought, rainfall, or extreme temperatures affecting production schedules, shipment volumes, product/geographic mix and profitability; volatility in fuel and energy costs, including diesel, electricity, natural gas and consumables like steel, explosives, tires and conveyor belts, as well as natural gas for the Company’s Specialties business; increased raw materials costs, such as bitumen; rising costs of repair and supply parts; construction labor shortages and supply chain challenges; labor relations risks, such as unionization efforts, work stoppages or strikes (particularly in jurisdictions with evolving labor laws); workforce demographics-related challenges in recruiting and retaining skilled employees, particularly for physically demanding roles in rural or less-populated areas; unexpected equipment failures, unscheduled maintenance, industrial accident or prolonged production disruption; resiliency and potential declines of the Company's construction end-use markets; potential impacts of disease outbreaks, epidemics, pandemics, or similar health threats, or fear of such events, and related economic/societal responses, affecting suppliers, customers, partners or employees; the performance of the overall United States economy; governmental regulation, including environmental laws and climate change regulations at state and federal levels; implementation of emissions taxes, carbon-pricing schemes, or stricter climate-related rules that could increase operating costs or restrict Specialties production; delays or difficulties in securing timely land use approvals or environmental permits amid changing regulatory expectations; increasing legal actions or public pressure related to environmental impact, emissions, or land use could result in reputational harm or financial liability; failure to meet evolving environmental, social, and governance (ESG) standards or investor benchmarks may affect access to capital or shareholder confidence; changes in external ESG ratings or methodologies could affect investor sentiment or index inclusion; increasing competition for water access or stricter water usage regulations could impact production, especially in drought-prone regions; outcomes of environmental or land-use proceedings, or increased costs associated with regulatory obligations, including site reclamation; elevated premiums or reduced coverage availability for property, casualty, or environmental liability could increase risk exposure; online misinformation campaigns or social media-driven reputational harm could affect stakeholder trust and market perception; transportation availability and investment in rail infrastructure impacting the movement of materials especially to the Company’s Texas, Southeast and Gulf Coast markets, the movement of essential dolomitic lime to the Company’s Specialties plant in Manistee, Michigan and its customers, and the movement of magnesite from the Company's Specialties' Gabbs, Nevada facility to processing plants in North Carolina, Indiana and Pennsylvania and the Company's customers; increased transportation costs, including increases from energy price fluctuations, fuel surcharges, and compliance with tightening regulations, including water shipments; availability of trucks and licensed drivers for material transport; availability and cost of construction equipment in the United States; weakness in the steel industry markets served by the Company’s dolomitic lime products; geopolitical risks affecting costs, supply chain, oil and gas prices, including conflict zones such as Iran, Russia-Ukraine, Israel-Middle East and potential China-Taiwan tensions; trade disputes and tariffs impacting the U.S. economy; unplanned cost changes or customer realignments affecting earnings; dependence on information technology and automated systems; risks related to third-party vendors, including exposure to cybersecurity vulnerabilities or service outages; inflation pressures on production and interest costs; customer concentration in construction markets increasing the risk of potential losses on customer receivables; demand levels, production volumes, and cost management affecting operating leverage and profitability; risks related to acquisitions, including, integration challenges and the possibility that acquisition synergies may not be realized as expected or within anticipated timeframes, potentially impacting profitability and debt covenant compliance; risks related to executive succession, retention and leadership development critical to strategy execution, including impacts from unexpected leadership changes; changes in tax laws or interpretations, including those related to acquisitions or divestitures, which could increase tax rates; violation of the Company’s debt covenants in the event of price and/or volume instability; new or revised accounting rules could impact financial reporting, asset valuations, or covenant compliance; challenges in implementing new technologies or automation systems could lead to inefficiencies, cost overruns, or operational disruptions; improper use or reliance on predictive analytics or AI-driven decision-making could result in flawed forecasting, compliance issues, or reputational damage; cybersecurity risks; downward pressure on the Company’s common stock price affecting goodwill impairment evaluations; potential credit rating downgrades to non-investment grade; and other risk factors listed from time to time in the Company’s SEC filings.

You should also review the risk factors discussed in Martin Marietta’s Annual Report on Form 10-K for the year ended December 31, 2025, and other periodic SEC filings. All forward-looking statements should be evaluated with these considerations in mind. Other risks and uncertainties not presently known or currently deemed immaterial may also affect the Company’s performance or the accuracy of forward-looking statements. The Company undertakes no obligation to update any such forward-looking statements.

    MARTIN MARIETTA MATERIALS, INC.
Unaudited Statements of Earnings       Three Months Ended   March 31,   2026  2025   (In Millions, Except Per Share Data) Revenues $1,362  $1,162 Cost of revenues  1,052   847        Gross Profit  310   315        Selling, general and administrative expenses  133   125 Acquisition, divestiture and integration expenses  5   2 Other operating expense, net  10   9 Earnings from Operations  162   179        Interest expense  56   56 Other nonoperating income, net  (11)  (9)Earnings from continuing operations before income tax expense  117   132 Income tax expense  38   28 Earnings from continuing operations  79   104 Earnings from discontinued operations, net of income tax expense  1,434   12 Consolidated net earnings  1,513   116 Less: Net earnings attributable to noncontrolling interests  —   — Net Earnings Attributable to Martin Marietta $1,513  $116        Net Earnings Attributable to Martin Marietta      Per Common Share:      Basic from continuing operations attributable to common shareholders $1.32  $1.71 Basic from discontinued operations attributable to common shareholders  23.79   0.20 Total basic attributable to common shareholders $25.11  $1.91        Diluted from continuing operations attributable to common shareholders $1.31  $1.70 Diluted from discontinued operations attributable to common shareholders  23.75   0.20 Total diluted attributable to common shareholders $25.06  $1.90        Weighted-Average Common Shares Outstanding:      Basic  60.3   60.9 Diluted  60.4   61.0    MARTIN MARIETTA MATERIALS, INC. Unaudited Reportable Segment* Financial Highlights (Continuing Operations Only)          Three Months Ended   March 31,   2026  2025   (Dollars in Millions) Revenues:      East Group $835  $758 West Group  384   317 Total Building Materials business  1,219   1,075 Specialties  143   87 Total $1,362  $1,162        Earnings (Loss) from operations:      East Group $230  $237 West Group  (43)  (42)Total Building Materials business  187   195 Specialties  35   33 Total reportable segments  222   228 Corporate  (60)  (49)Earnings from operations  162   179 Interest expense  56   56 Other nonoperating income, net  (11)  (9)Earnings from continuing operations before income tax expense $117  $132  *In connection with the closing of the QUIKRETE asset exchange during the quarter ended March 31, 2026, the Company updated its reportable segments. As of March 31, 2026, the Building Materials business includes two reportable segments: East Group (comprised of the East and Southwest divisions) and West Group (comprised of the Central and West divisions). The Company has recast all comparative prior-period information presented in this earnings release to reflect the updated reportable segments.   MARTIN MARIETTA MATERIALS, INC. Unaudited Product Line Financial Highlights (Continuing Operations Only)          Three Months Ended   March 31,   20262025   Amount  Amount   (Dollars in Millions) Revenues:      Building Materials:      Aggregates $1,142  $1,002 Other Building Materials  116   122 Less: Interproduct sales  (39)  (49)Total Building Materials business  1,219   1,075 Specialties  143   87 Total $1,362  $1,162        Gross profit (loss):      Building Materials:      Aggregates $288  $297 Other Building Materials  (16)  (19)Total Building Materials business  272   278 Specialties  45   38 Corporate  (7)  (1)Total $310  $315        Depreciation, Depletion and Amortization**:      Building Materials business:      Aggregates $131  $113 Other building materials  11   10 Total Building Materials business  142   123 Specialties  11   4 Corporate  1   1 Total $154  $128  **Depreciation, depletion and amortization reflects the expense included in Cost of revenues and does not represent total depreciation, depletion and amortization.  MARTIN MARIETTA MATERIALS, INC.Balance Sheet Data          March 31,  December 31,    2026  2025    Unaudited  Audited    (In millions)  ASSETS       Cash and cash equivalents $273  $67  Accounts receivable, net  780   723  Inventories, net  1,213   1,078  Current assets held for sale  8   1,230  Other current assets  82   95  Property, plant and equipment, net  12,642   10,290  Intangible assets, net  4,333   4,073  Operating lease right-of-use assets, net  381   367  Other noncurrent assets  785   788  Total assets $20,497  $18,711          LIABILITIES AND EQUITY       Current maturities of long-term debt $—  $30  Other current liabilities  1,034   865  Long-term debt (excluding current maturities)  5,294   5,293  Other noncurrent liabilities  2,872   2,489  Total equity  11,297   10,034  Total liabilities and equity $20,497  $18,711       MARTIN MARIETTA MATERIALS, INC.
Unaudited Statements of Cash Flows       Three Months Ended   March 31,   2026  2025   (Dollars in Millions) Cash Flows from Operating Activities:      Consolidated net earnings $1,513  $116 Adjustments to reconcile consolidated net earnings to net cash provided by operating activities:      Depreciation, depletion and amortization  167   154 Stock-based compensation expense  31   31 (Gain) Loss on divestitures and sales of assets  (1,965)  1 Deferred income taxes, net  277   3 Other items, net  3   (1)Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:      Accounts receivable, net  (57)  (66)Inventories, net  (22)  (57)Accounts payable  35   24 Other assets and liabilities, net  245   13 Net Cash Provided by Operating Activities  227   218        Cash Flows from Investing Activities:      Additions to property, plant and equipment  (186)  (233)Acquisitions, net of cash acquired  20   — Proceeds from divestitures and sales of assets  452   2 Investments in limited liability company  —   (20)Other investing activities, net  7   (11)Net Cash Provided by (Used for) Investing Activities  293   (262)       Cash Flows from Financing Activities:      Proceeds from borrowings  175   — Repayments of debt  (205)  — Payments on finance lease obligations  (6)  (5)Dividends paid  (51)  (49)Repurchases of common stock  (200)  (450)Shares withheld for employees’ income tax obligations  (26)  (21)Other financing activities, net  (1)  — Net Cash Used for Financing Activities  (314)  (525)Net Increase (Decrease) in Cash and Cash Equivalents  206   (569)Cash and Cash Equivalents, beginning of period  67   670 Cash and Cash Equivalents, end of period $273  $101  MARTIN MARIETTA MATERIALS, INC.
Additional Notes

2. Revenues for the quarters ended March 31, 2026, and March 31, 2025, included the sales of products and services to customers (net of any discounts or allowances) and freight revenues for continuing operations.

3. Quarter ended March 31, 2026, gross profit, aggregates gross profit and aggregates gross profit per ton included a charge of $22 million, $22 million and $0.49 per ton, respectively, for the impact of selling acquired inventory after markup to fair value as part of acquisition accounting.

4. Earnings from operations for the quarter ended March 31, 2026, included charges of $28 million for acquisition, divestiture and integration expenses, the impact of selling acquired inventory after markup to fair value as part of acquisition accounting and an asset and portfolio rationalization charge.

5. Net earnings from continuing operations attributable to Martin Marietta and earnings per diluted share from continuing operations for the quarter ended March 31, 2026, included charges of $37 million and $0.62 per diluted share, respectively, for acquisition, divestiture and integration expenses, the impact of selling acquired inventory after markup to fair value as part of acquisition accounting, an asset and portfolio rationalization charge and the revaluation of deferred tax liabilities driven by changes in the state jurisdictional mix of the business following the QUIKRETE transaction.

MARTIN MARIETTA MATERIALS, INC.
Non-GAAP Financial Measures

Earnings from continuing operations before interest; income taxes; depreciation, depletion and amortization; earnings/loss from nonconsolidated equity affiliates; acquisition, divestiture and integration expenses; the impact of selling acquired inventory after its markup to fair value as part of acquisition accounting (Inventory Markup); and an asset and portfolio rationalization charge, or Adjusted EBITDA from continuing operations, is an indicator used by the Company and investors to evaluate the Company's operating performance from period to period. The Company has elected to add back, for purposes of its Adjusted EBITDA from continuing operations calculation, acquisition, divestiture and integration expenses and the Inventory Markup only for transactions with consideration of at least $2.0 billion for the Building Materials business or $200 million for the Specialties business.

Adjusted EBITDA from continuing operations is not defined by accounting principles generally accepted in the United States (GAAP) and, as such, should not be construed as an alternative to net earnings attributable to Martin Marietta, earnings from operations, or operating cash flow. For further information on Adjusted EBITDA, refer to the Company’s website at www.martinmarietta.com.

Reconciliation of Net Earnings from Continuing Operations Attributable to Martin Marietta to Adjusted EBITDA from Continuing Operations

  Three Months Ended   March 31,   2026  2025   (Dollars in Millions) Net earnings from continuing operations attributable to Martin Marietta $79  $104 Add back:      Interest expense, net of interest income  54   51 Income tax expense for controlling interests  38   28 Depreciation, depletion and amortization expense and earnings/loss from nonconsolidated equity affiliates  165   136 Acquisition, divestiture and integration expenses  4   — Impact of selling acquired inventory after markup to fair value as part of acquisition accounting  22   — Asset and portfolio rationalization charge  2   — Adjusted EBITDA from continuing operations $364  $319  MARTIN MARIETTA MATERIALS, INC.
Non-GAAP Financial Measures

Reconciliation of 2026 Net Earnings from Continuing Operations Attributable to Martin Marietta Guidance to the 2026 Adjusted EBITDA from Continuing Operations Guidance

  Mid-Point of Range   (Dollars in Millions) Net earnings from continuing operations attributable to Martin Marietta $1,115 Add back:   Interest expense, net of interest income  200 Income tax expense for controlling interests  306 Depreciation, depletion and amortization expense and earnings/loss from nonconsolidated equity affiliates  737 Acquisition, divestiture and integration expenses  5 Impact of selling acquired inventory after markup to fair value as part of acquisition accounting  65 Asset and portfolio rationalization charge  2 Adjusted EBITDA from continuing operations $2,430  MARTIN MARIETTA MATERIALS, INC.
Non-GAAP Financial Measures

Adjusted earnings per diluted share from continuing operations is a non-GAAP financial measure used by the Company and by investors to evaluate operating performance and enhance comparability across reporting periods. The Company calculates Adjusted earnings per diluted share from continuing operations by excluding the impact of certain items that management believes are not indicative of the Company's underlying performance from period to period, including impacts directly related to acquisition and divestiture activity as well as asset and portfolio rationalization charges. The Company has elected to add back, for purposes of its Adjusted earnings per diluted share from continuing operations calculation, acquisition, divestiture and integration expenses, the impact of selling acquired inventory after its markup to fair value as part of acquisition accounting and the revaluation of deferred tax liabilities, only for transactions with consideration of at least $2.0 billion for the Building Materials business or $200 million for the Specialties business.

Adjusted earnings per diluted share from continuing operations is not defined by accounting principles generally accepted in the United States (GAAP) and, as such, should not be construed as an alternative to earnings per diluted share from continuing operations. For further information on Adjusted earnings per diluted share from continuing operations, refer to the Company’s website at www.martinmarietta.com.

Reconciliation of Earnings per Diluted Share from Continuing Operations to Adjusted Earnings per Diluted Share from Continuing Operations

  Three Months Ended   March 31,   2026  2025   (Dollars per Diluted Share) Earnings per diluted share from continuing operations $1.31  $1.70 Add back:      Acquisition, divestiture and integration expenses  0.06   — Impact of selling acquired inventory after markup to fair value as part of acquisition accounting  0.28   — Asset and portfolio rationalization charge  0.02   — Revaluation of deferred tax liabilities  0.26   — Adjusted earnings per diluted share from continuing operations $1.93  $1.70 

Martin Marietta (MLM - Free Report) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.76 per share. This compares to earnings of $1.9 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +9.66%. A quarter ago, it was expected that this seller of granite, limestone, sand and gravel would post earnings of $4.68 per share when it actually produced earnings of $3.85, delivering a surprise of -17.74%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Martin Marietta, which belongs to the Zacks Building Products - Concrete and Aggregates industry, posted revenues of $1.36 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 4.43%. This compares to year-ago revenues of $1.35 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Martin Marietta shares have lost about 1.6% since the beginning of the year versus the S&P 500's gain of 4.2%.

What's Next for Martin Marietta?While Martin Marietta has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Martin Marietta was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $5.18 on $1.85 billion in revenues for the coming quarter and $19.07 on $7 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Concrete and Aggregates is currently in the bottom 21% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Eagle Materials (EXP - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on May 19.

This maker of gypsum wallboard and cement is expected to post quarterly earnings of $1.47 per share in its upcoming report, which represents a year-over-year change of -29.3%. The consensus EPS estimate for the quarter has been revised 1% higher over the last 30 days to the current level.

Eagle Materials' revenues are expected to be $456.22 million, down 3% from the year-ago quarter.

Key Takeaways MLM Q1 EPS missed estimates while revenues rose 17% year over year to $1.36 billion.Martin Marietta saw strong aggregates shipments from infrastructure demand and early construction activity.MLM margins fell due to higher input, freight costs and acquisition-related charges. Martin Marietta Materials, Inc. (MLM - Free Report) reported lower-than-expected results for the first quarter of 2026. The quarterly earnings (from continuing operations) missed the Zacks Consensus Estimate, while revenues beat the same, with the top line growing on a year-over-year basis but the bottom line declining.

Following the results, MLM stock moved up 1.2% during today’s pre-market trading session.

The company’s performance was supported by strong infrastructure demand and an early start to the construction season, driving higher aggregates shipments. However, elevated costs, acquisition-related charges and margin pressures weighed on profitability.

The Aggregates business remained the key growth driver during the quarter, benefiting from increased shipments and contributions from recent acquisitions.

However, higher input costs, freight expenses and inventory-related charges hurt margins, limiting earnings growth. Nonetheless, Martin Marietta remains well-positioned with its aggregates-led platform and execution of the SOAR 2030 initiatives for long-term growth.

Inside MLM’s Q1 ResultsThe company reported earnings per share (EPS) from continuing operations of $1.31, which missed the Zacks Consensus Estimate of $1.76 by 25.6%. The metric also declined 22.9% from the year-ago quarter’s EPS of $1.70.

Revenues of $1.36 billion beat the consensus mark of $1.30 billion by 4.6% and increased 17% from the year-ago figure of $1.16 billion.

Consolidated gross margin contracted 440 basis points (bps) year over year to 22.8% from 27.1% in the prior-year quarter.

Adjusted EBITDA from continuing operations was $364 million, up 14% year over year, with adjusted EBITDA margin contracting 70 bps to 26.7%. Adjusted earnings per share increased 14% to $1.93.

Martin Marietta’s Segmental DiscussionBuilding Materials reported revenues of $1.22 billion, which grew 13.4% year over year. The segment’s gross margin contracted 370 bps year over year to 22.3% from 25.9% in the prior-year quarter.

Within the Building Materials umbrella, revenues from the Aggregates business grew 14% to $1.14 billion from the year-ago quarter. Aggregates shipments moved up 12.4% year over year to 43.9 million tons, while the average selling price per ton remained flat at $23.70. Aggregates’ gross profit declined 3% to $288 million, with gross margin contracting 440 bps to 25.2% from 29.6% a year ago.

Revenues from Other Building Materials declined 5% year over year to $116 million. The segment reported a gross loss of $16 million compared with a loss of $19 million a year ago, reflecting seasonal shutdown impacts.

Specialties reported revenues of $143 million, up 64.4% from $87 million a year ago. The gross margin expanded 300 bps to 31.5% from 28.5% a year ago, supported by pricing gains and contributions from prior acquisitions.

MLM’s Financial PositionAs of March 31, 2026, Martin Marietta had cash and cash equivalents of $273 million compared with $67 million at 2025-end. The company had $1.2 billion of unused borrowing capacity on its existing credit facilities. Long-term debt (excluding current maturities) was $5.29 billion, at par with the prior period.

Net cash provided by operating activities was $227 million for the quarter, up from $218 million in the year-ago period.

During the quarter, MLM returned $251 million to its shareholders through dividend payments and share repurchases.

Martin Marietta’s Portfolio Optimization MoveMartin Marietta continued to advance its portfolio optimization initiatives during the quarter. On Feb. 23, 2026, the company completed its asset exchange with QUIKRETE, acquiring aggregates operations producing approximately 20 million tons annually along with $450 million in cash.

Additionally, on April 19, 2026, the company entered into a definitive agreement to acquire New Frontier Materials, a complementary aggregates-led business expected to enhance its long-term growth profile.

MLM Reaffirms 2026 GuidanceThe guidance provided is for continuing operations and includes contributions from the QUIKRETE transaction.

Martin Marietta expects total revenues between $7.0 billion and $7.32 billion ($7.16 billion at midpoint). Adjusted EBITDA is projected to be between $2.36 billion and $2.50 billion ($2.43 billion at midpoint).

Net earnings from continuing operations are anticipated to be between $1.06 billion and $1.17 billion ($1.12 billion at midpoint), up from previous expectations, indicating strong underlying demand and contributions from recent portfolio actions.

Aggregate shipment is expected to grow between 11% and 13%, with organic growth between 1% and 3%. Aggregate pricing per ton is anticipated to rise between 1.5% and 3.5%, while organic pricing is expected to increase between 4% and 6%.

Capital expenditures are now anticipated to be in the range of $550-$600 million.

MLM’s Zacks Rank & Recent Construction ReleasesMartin Marietta currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

United Rentals, Inc. (URI - Free Report) reported solid first-quarter 2026 results, with adjusted EPS and total revenues beating the Zacks Consensus Estimate and growing year over year. Solid execution across its general rentals and specialty businesses helped drive record first-quarter results, while fleet productivity increased 2.3% from the year-ago period.

Management raised full-year 2026 targets, lifting expectations across several major line items compared with the prior outlook. United Rentals now expects revenues between $16.9 billion and $17.4 billion, with adjusted EBITDA expected between $7.625 billion and $7.875 billion.

Masco Corporation (MAS - Free Report) reported exceptional first-quarter 2026 financial performance with earnings and net sales beating the Zacks Consensus Estimate and growing year over year. The company’s performance benefited from pricing actions and cost-savings initiatives, which helped offset higher tariff and commodity costs.

Masco continues to expect EPS in the range of $3.91-$4.11 and adjusted EPS in the band of $4.10-$4.30. Management framed the decision as a prudent stance, given ongoing macroeconomic and geopolitical volatility.

D.R. Horton (DHI - Free Report) delivered second-quarter fiscal 2026 results with earnings beating the Zacks Consensus Estimate but revenues missing the same. The quarter was marked by an 11% jump in net sales orders and progress in tightening finished inventory, even as affordability constraints kept incentives elevated.

D.R. Horton updated fiscal 2026 consolidated revenue guidance to $33.5-$34.5 billion compared with the prior expectation of $33.5-$35 billion. This compares with $34.25 billion in fiscal 2025. It now expects homebuilding closings of 86,000-87,500 compared with the earlier guidance of 86,000-88,000. This compares with 84,863 in fiscal 2025.

Martin Marietta Materials, Inc. (MLM) Q1 2026 Earnings Call Transcript