Martin Marietta misses 4Q profit forecasts

RALEIGH, N.C. (AP) _ Martin Marietta Materials Inc. (MLM) on Tuesday reported fourth-quarter profit of $98.9 million.

On a per-share basis, the Raleigh, North Carolina-based company said it had profit of $1.55.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.66 per share.

The seller of granite, limestone, sand and gravel posted revenue of $948.8 million in the period. Its adjusted revenue was $889 million, exceeding Street forecasts. Four analysts surveyed by Zacks expected $887.6 million.

For the year, the company reported profit of $425.4 million, or $6.63 per share. Revenue was reported as $3.58 billion.

Martin Marietta expects full-year revenue in the range of $3.75 billion to $3.95 billion.

Martin Marietta shares have risen 4.5 percent since the beginning of the year. The stock has increased 79 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on MLM at


Keywords: Martin Marietta, Earnings Report