Martin Marietta (MLM) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 30, 2026 astatine 11:14 AM CDT 39 min read

Image source: The Motley Fool.

Date

Thursday, April 30, 2026 astatine 10 a.m. ET

Call participants

• Chairman, President, and Chief Executive Officer — C. Howard Nye

• Executive Vice President and Chief Financial Officer — Michael J. Petro

Full Conference Call Transcript

Ward Nye, who volition sermon our archetypal 4th operating performance, 2026 outlook, and supporting marketplace trends. Michael J. Petro volition past reappraisal our fiscal results and superior allocation, aft which Ward volition supply closing remarks. Please enactment that each comparisons are to the anterior year's corresponding period. A question and reply league volition follow. Please bounds your Q&A information to 1 question. I volition present crook the telephone implicit to Ward.

C. Howard Nye: Thank you, Jacklyn. Good morning, and convey you for joining today's teleconference. Before reviewing our archetypal 4th results, I volition instrumentality a infinitesimal to sermon the enactment assignment we announced earlier this week. As you whitethorn person seen, Chris Samborski was appointed Martin Marietta Materials, Inc.'s Chief Operating Officer effectual May 1. Chris is simply a highly respected and proven person who astir precocious served arsenic President of our West and Specialties divisions. Under his leadership, some businesses delivered meaningful maturation and beardown operational execution. Since joining Martin Marietta Materials, Inc. successful 2018, Chris has consistently made a important affirmative interaction successful each relation helium has held.

His heavy operational experience, disciplined enactment style, and beardown committedness to our civilization marque him exceptionally good suited for this role. With Chris serving arsenic COO, Kirk Light volition presume enactment of our West and Specialties divisions portion continuing successful his relation arsenic President of our Southwest Division. In addition, our East Division President, Oliver Brooks, Central Division President, Gov Adrozik, Vice President of Operational Excellence, Ronnie Walker, and Vice President of Safety and Health, Jessica Kosian, volition study straight to Chris. This assignment and enhanced enactment operation bespeak a heavy seat of endowment crossed our divisions, districts, and functions, each focused connected accordant execution, continuous improvement, and a shared committedness to our One culture.

I americium pleased to invited Chris to his caller presumption and I americium assured that arsenic COO, helium volition proceed to play a captious relation successful helping usher Martin Marietta Materials, Inc. to adjacent greater success. With that, I volition present crook to the quarter. 2026 is disconnected to a beardown commencement with revenues expanding an awesome 17% to $1.4 billion, a caller archetypal 4th record. Organic aggregates shipments maturation of 7.2% meaningfully exceeded our guidance, benefiting from an aboriginal commencement to the operation play successful the Midwest and Colorado arsenic good arsenic continued spot successful infrastructure and dense nonresidential request crossed our geographic footprint. As we look ahead, underlying fundamentals crossed the concern stay favorable.