Martin Marietta Q3 2026: record $2.37 billion revenue, EPS down 34%
Martin Marietta's quarter was a growth story told by acquisitions and a profit story told by dilution: revenue rose 28.0% to $2.37 billion on the Lhoist combination, yet adjusted EPS fell 11.0% to $5.47 and missed the $6.10 consensus. Guidance was raised on revenue but implies a smaller fourth quarter. Read the top line and the per-share line separately.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $3.94 fell 34.0% from $5.97, and adjusted EPS of $5.47 fell 11.0% from $6.12. Both figures absorbed $99 million, or $1.53 per share, of acquisition, integration and inventory-markup charges, which is why reported profit looks worse than the operating lines. Adjusted EPS missed the $6.10 consensus by about $0.63, or 10.4%, a reminder that the deal brought revenue faster than it brought earnings.
Revenue of $2.37 billion rose 28.0% from $1.85 billion a year ago, a record quarter built mainly on the August 21 LNA combination, which added $216 million of revenue in roughly six weeks of ownership. Organic growth was thin: organic aggregates shipments declined modestly and organic aggregates ASP rose just 1.0%.
The company lifted its full-year 2026 revenue midpoint to $7.80 billion from $7.30 billion and set adjusted EBITDA at $2.48 billion. The revenue range is tight at $7.75 billion to $7.85 billion, so management is not leaving much room for a demand surprise in either direction. Subtract nine-month revenue of $5.68 billion and the fourth quarter implies about $2.12 billion, below the $2.37 billion just reported.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-04
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