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Martin Marietta to Report Q3 Earnings: What to Expect This Season?
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Key Takeaways
Martin Marietta's Q3 EPS is projected to fall 11.7% to $5.27 despite expected revenue growth.
Aggregates revenues are forecast to rise 14.9%, supported by infrastructure and construction demand.
QUIKRETE and New Frontier to support sales, while energy inflation and weak housing weigh on results.
Martin Marietta Materials, Inc. (MLM - Free Report) is set to report its third-quarter 2026 results on Nov. 4, before the opening bell.
In the last quarter, the company’s earnings (continuing operations) and revenues topped the Zacks Consensus Estimate by 8.2% and 4.3%, respectively. Year over year, both metrics grew 3.3% and 21%, respectively.
MLM’s earnings topped the consensus mark in two of the last four quarters and missed on the remaining two occasions, having an average negative surprise of 2.5%.
How are Estimates Placed for MLM Stock?
The Zacks Consensus Estimate for MLM’s third-quarter earnings per share has trended downward over the past 30 days to $5.27 from $6.49. The estimated figure indicates an 11.7% year-over-year decline from $5.97 per share.
The consensus mark for revenues is pegged at $2.31 billion, indicating 25.2% growth from the prior-year quarter’s figure of $1.85 billion.
Martin Marietta Materials, Inc. Price and EPS Surprise
Factors Likely to Shape Martin Marietta’s Q3 Results
Revenues
Martin Marietta’s third-quarter revenue performance is expected to have improved year over year on the back of elevated public infrastructure demand, especially for highway, bridge and road projects because of growing infrastructure spending. These favorable market trends, along with contributions from the acquired QUIKRETE and New Frontier Materials businesses, are expected to have boosted aggregates sales. Heavy nonresidential demand also remains supported by accelerating data center and energy-related construction.
Per the Zacks Consensus Estimate, aggregates product line (which contributed 78.5% to second-quarter 2026 revenues) is expected to report revenues of $1.68 billion, reflecting 14.9% year-over-year growth. The consensus mark for aggregates shipments is expected to be 67,723 tons, up from 57,900 tons in the year-ago quarter.
For the third quarter, the Zacks Consensus Estimate for revenues from the total Building Materials segment (which contributed 92.2% to second-quarter 2026 revenues) is pegged at $2.02 billion, up from $1.72 billion reported a year ago. The Specialties segment’s (which contributed 7.8% to second-quarter 2026 revenues) revenues are expected to be $207 million in the third quarter.
However, some consistent headwinds are somewhat restricting MLM’s top-line growth in proportion to the robust infrastructure tailwinds. Softness in residential and light non-residential construction activities is likely to have been taking a toll on the company. The ongoing affordability concerns due to elevated mortgage rates have been limiting the recovery of the single-family housing market.
That said, the continuous benefits realized from the portfolio transformation under MLM’s recently announced SOAR 2030 plan have been boding well. The initiative continues to emphasize aggregates-led growth, operating efficiency, cash generation and disciplined capital allocation.
Earnings
The bottom line of Martin Marietta is expected to have declined in the third quarter, despite revenue growth, because of elevated energy inflation, growing input costs, unfavorable geographic mix and purchase accounting. This, alongside the ongoing geopolitical risks and tariff uncertainties, is expected to have muted the year-over-year performance.
What the Zacks Model Unveils for MLM
Our proven model does not predict an earnings beat for Martin Marietta this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. That is not the case here.
Earnings ESP of MLM: The stock has an Earnings ESP of 0.00%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
MLM’s Zacks Rank: The company currently carries a Zacks Rank #5 (Strong Sell).
Here are some stocks from the Zacks Construction sector, which per our model, have the right combination of elements to deliver an earnings beat this time around.
AAON, Inc. (AAON - Free Report) currently has an Earnings ESP of +2.66% and a Zacks Rank of 3.
AAON’s earnings beat estimates in three of the last four quarters and missed on the remaining occasion, the average surprise being 21.6%. The company’s earnings for the third quarter of 2026 are expected to increase 54.1% year over year.
Toll Brothers, Inc. (TOL - Free Report) has an Earnings ESP of +4.79% and a Zacks Rank of 3.
Toll Brothers’ earnings beat estimates in three of the last four quarters and missed on the remaining occasion, the average surprise being 2.2%. The homebuilder’s earnings for the fourth quarter of fiscal 2026 are expected to improve 6.8% year over year.
Trex Company, Inc. (TREX - Free Report) currently has an Earnings ESP of +4.57% and a Zacks Rank of 3.
Trex’s earnings beat estimates in two of the last four quarters and missed on the remaining two occasions, with the average surprise being 125.9%. The company’s earnings for the third quarter of 2026 are expected to decline 3.9% year over year.
View the Zacks #1 Rank List
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Martin Marietta to Report Q3 Earnings: What to Expect This Season?
Key Takeaways
Martin Marietta Materials, Inc. (MLM - Free Report) is set to report its third-quarter 2026 results on Nov. 4, before the opening bell.
In the last quarter, the company’s earnings (continuing operations) and revenues topped the Zacks Consensus Estimate by 8.2% and 4.3%, respectively. Year over year, both metrics grew 3.3% and 21%, respectively.
MLM’s earnings topped the consensus mark in two of the last four quarters and missed on the remaining two occasions, having an average negative surprise of 2.5%.
How are Estimates Placed for MLM Stock?
The Zacks Consensus Estimate for MLM’s third-quarter earnings per share has trended downward over the past 30 days to $5.27 from $6.49. The estimated figure indicates an 11.7% year-over-year decline from $5.97 per share.
The consensus mark for revenues is pegged at $2.31 billion, indicating 25.2% growth from the prior-year quarter’s figure of $1.85 billion.
Martin Marietta Materials, Inc. Price and EPS Surprise
Martin Marietta Materials, Inc. price-eps-surprise | Martin Marietta Materials, Inc. Quote
Factors Likely to Shape Martin Marietta’s Q3 Results
Revenues
Martin Marietta’s third-quarter revenue performance is expected to have improved year over year on the back of elevated public infrastructure demand, especially for highway, bridge and road projects because of growing infrastructure spending. These favorable market trends, along with contributions from the acquired QUIKRETE and New Frontier Materials businesses, are expected to have boosted aggregates sales. Heavy nonresidential demand also remains supported by accelerating data center and energy-related construction.
Per the Zacks Consensus Estimate, aggregates product line (which contributed 78.5% to second-quarter 2026 revenues) is expected to report revenues of $1.68 billion, reflecting 14.9% year-over-year growth. The consensus mark for aggregates shipments is expected to be 67,723 tons, up from 57,900 tons in the year-ago quarter.
For the third quarter, the Zacks Consensus Estimate for revenues from the total Building Materials segment (which contributed 92.2% to second-quarter 2026 revenues) is pegged at $2.02 billion, up from $1.72 billion reported a year ago. The Specialties segment’s (which contributed 7.8% to second-quarter 2026 revenues) revenues are expected to be $207 million in the third quarter.
However, some consistent headwinds are somewhat restricting MLM’s top-line growth in proportion to the robust infrastructure tailwinds. Softness in residential and light non-residential construction activities is likely to have been taking a toll on the company. The ongoing affordability concerns due to elevated mortgage rates have been limiting the recovery of the single-family housing market.
That said, the continuous benefits realized from the portfolio transformation under MLM’s recently announced SOAR 2030 plan have been boding well. The initiative continues to emphasize aggregates-led growth, operating efficiency, cash generation and disciplined capital allocation.
Earnings
The bottom line of Martin Marietta is expected to have declined in the third quarter, despite revenue growth, because of elevated energy inflation, growing input costs, unfavorable geographic mix and purchase accounting. This, alongside the ongoing geopolitical risks and tariff uncertainties, is expected to have muted the year-over-year performance.
What the Zacks Model Unveils for MLM
Our proven model does not predict an earnings beat for Martin Marietta this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. That is not the case here.
Earnings ESP of MLM: The stock has an Earnings ESP of 0.00%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
MLM’s Zacks Rank: The company currently carries a Zacks Rank #5 (Strong Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks With the Favorable Combination
Here are some stocks from the Zacks Construction sector, which per our model, have the right combination of elements to deliver an earnings beat this time around.
AAON, Inc. (AAON - Free Report) currently has an Earnings ESP of +2.66% and a Zacks Rank of 3.
AAON’s earnings beat estimates in three of the last four quarters and missed on the remaining occasion, the average surprise being 21.6%. The company’s earnings for the third quarter of 2026 are expected to increase 54.1% year over year.
Toll Brothers, Inc. (TOL - Free Report) has an Earnings ESP of +4.79% and a Zacks Rank of 3.
Toll Brothers’ earnings beat estimates in three of the last four quarters and missed on the remaining occasion, the average surprise being 2.2%. The homebuilder’s earnings for the fourth quarter of fiscal 2026 are expected to improve 6.8% year over year.
Trex Company, Inc. (TREX - Free Report) currently has an Earnings ESP of +4.57% and a Zacks Rank of 3.
Trex’s earnings beat estimates in two of the last four quarters and missed on the remaining two occasions, with the average surprise being 125.9%. The company’s earnings for the third quarter of 2026 are expected to decline 3.9% year over year.