$MLM · MARTIN MARIETTA MATERIALS INC
Martin Marietta filed its 10-Q for Q3 FY2026. Revenue grew 28.3% YoY to $2.369B, driven by acquisitions, while gross margin was 27.5% and operating margin 18.5%. Net income was $256M, and EPS from continuing operations was $3.94, down from $5.98 a year earlier. Interest expense more than doubled to $138M from $59M, and acquisition/divestiture/integration expenses rose to $84M from $5M, reflecting the large acquisition program.
- Revenue rose 28.3% YoY to $2.369B, a record quarter driven by acquisitions.
- EPS from continuing operations fell to $3.94 from $5.98 a year earlier.
- Interest expense more than doubled to $138M from $59M.
- Acquisition, divestiture and integration expenses jumped to $84M from $5M.
- Aggregates gross profit fell 4% to $512M despite record 67.1M tons shipped.
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
A record revenue quarter masks a sharp EPS decline as acquisition costs and higher interest expense weigh on profitability.
The 28.3% revenue jump reflects a large acquisition program (goodwill rose to $8.4B from $3.6B), consistent with consolidation in aggregates, but acquisition-related mix is diluting reported ASP.
Higher DD&A and energy costs plus acquisition-related mix are compressing aggregates gross profit; interest expense more than doubled on added debt.