MLM Earnings Prediction
The chart below shows how MLM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MLM sees a -2.45% change in stock price 10 days leading up to the earnings, and a +2.26% change 10 days following the report. On the earnings day itself, the stock moves by +1.53%. This data can give you a slight idea of what to expect for the next quarter's release.
MLM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.63B
1.42%
-13.66%
Gross Margin
30.04%
-0.07%
-5.27%
Operating Margin
24.83%
5.70%
-4.87%
Net Margin
18.03%
0.78%
-6.19%
EPS
4.77
4.84%
-19.43%
No Data Available
MLM Earnings Analysis
Martin Marietta Materials Inc Corporation (MLM.N) Earnings Conference Call
Positive
Fourth Quarter Financial Performance: Record fourth quarter consolidated gross profit of $489 million and consolidated adjusted EBITDA of $545 million, reflecting an 8% increase and a consolidated adjusted EBITDA margin of 33%, an improvement of 210 basis points.
Record Gross Profit Growth: Fourth quarter record aggregates gross profit per ton of $7.92, an increase of 12%, and aggregates gross margin of 33%, an improvement of 120 basis points.
Revenue and Profit Growth: Full year aggregates revenues and gross profit both increased 5% to $4.5 billion and $1.4 billion respectively, with aggregates gross profit per ton increasing over 9% to $7.58.
Record Revenue and Profit: Magnesia Specialties achieved all-time records for revenues and gross profit of $320 million and $107 million respectively, benefiting from strong pricing.
Q4 Cash Flow Increase: Record fourth quarter cash flows from operations of $685 million, an increase of 23% compared to the prior year quarter, driven by improvements in working capital.
Negative
Revenue and Profit Decline: Building Materials business generated full year 2024 revenues of $6,200,000,000, a 4% decrease, and gross profit of $1,800,000,000, a 6% decrease, primarily due to the February 2024 divestiture of South Texas cement and related concrete businesses.
Revenue and Profit Decline: Cement and concrete revenues decreased 29% to $1,100,000,000 and gross profit decreased 40% to $260,000,000, driven primarily by the divestiture of the South Texas cement plant and its related concrete operations.
Revenue and Profit Decline: Ashfall and paving revenues decreased 2% to $869,000,000 due to slower market demand, with gross profit decreasing 7% to $101,000,000 due to lower revenues and higher aggregates input costs.
Operational Challenges Despite Cash Flow: Despite record cash flows from operations of $685,000,000, the company faced challenges with a $20,000,000 P&L impact from inventory management efforts, indicating operational headwinds.
Residential Market Challenges: The residential market remains under pressure, with affordability and availability issues leading to a significant backlog of approximately 7,000,000 homes, suggesting a prolonged recovery period.
MLM FAQs
How does MLM typically perform around its earnings report dates?
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MLM Earning Call Sentiment
Earnings call transcript: Martin Marietta Q4 2024 beats EPS forecast, stock dips
MLM.N
0.17%Positive
The earnings call presents a mixed picture: positive financial performance with increased gross profit and EBITDA, alongside challenges such as weather impacts, residential market pressure, and declining revenues in key segments. The shareholder return plan and improved safety performance are positives. However, cautious guidance due to economic uncertainties and unclear management responses in Q&A suggest limited immediate stock movement. The market cap's absence prevents precise impact estimation, but overall, the sentiment is balanced, with no strong catalysts for significant price change.
