Martin Marietta Posts Record Q3 Revenue of $2.37 Billion, Up 28%, After Lhoist Deal; EPS Falls

Published November 4, 2026 at 9:22 AM EST

Martin Marietta Materials reported record third-quarter revenue of $2.37 billion, up 28%, as its newly completed combination with Lhoist North America transformed its lime business, according to its 8-K released Wednesday. Per-share earnings fell, however, and the company updated its full-year guidance.

Adjusted EBITDA from continuing operations rose 21% to $808 million. Diluted EPS from continuing operations dropped 34% to $3.94, and adjusted EPS fell 11% to $5.47.

Acquisitions offset inflation

Aggregates shipments climbed 16% to 67.1 million tons, and aggregates revenue rose 14% to $1.662 billion. But the average selling price per ton fell 4% to $22.41, and gross profit per ton dropped 17% to $7.62. On an organic mix-adjusted basis, the company said average selling price rose 2.7%.

The Specialties business, which includes lime, nearly tripled, with revenue up 176% to $362 million and gross profit up 155% to $88 million. Results included $38 million of Specialties charges and $5 million of aggregates charges tied to selling acquired inventory marked up to fair value.

Chair, President and CEO Ward Nye said acquisitions "more than offset the effects of expanding inflationary pressures and a dynamic macroeconomic environment." He called the LNA combination, completed Aug. 21, "a defining milestone," establishing Martin Marietta as the nation's leading producer of lime and limestone solutions.

2026 guidance

Citing strong acquisition performance partly offset by softer heritage demand and cost inflation, Martin Marietta now expects:

Revenue of $7.75 billion to $7.85 billion
Adjusted EBITDA of $2.45 billion to $2.50 billion
Net earnings from continuing operations of $727 million to $873 million
Aggregates volume growth of 12.5% to 13.5% and pricing down 2.0% to 3.0%

By the numbers

Q3 revenue: $2.37 billion, up 28%
Adjusted EBITDA: $808 million, up 21%
Adjusted EPS: $5.47, down 11%
Aggregates shipments: 67.1 million tons, up 16%
Specialties revenue: $362 million, up 176%

Sources

Martin Marietta Materials Form 8-K with third-quarter 2026 earnings release, filed Nov. 4, 2026 (accession 0001193125-26-446178)

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