Martin Marietta posts record Q3 revenue, raises 2026 guidance after $12.9 bn Lhoist acquisition
Martin Marietta Materials reported third‑quarter 2026 revenue of $2.37 billion, a 28% year‑over‑year increase, while net earnings fell to $256 million ($3.94 per share) and adjusted earnings were $5.47 per share. The results reflect the recent $12.9 billion purchase of Lhoist North America, which contributed $216 million of revenue and $115 million of cash gross profit in the quarter. The company lifted its full‑year 2026 revenue midpoint to $7.8 billion and its adjusted EBITDA midpoint to $2.48 billion.
Why it matters
The revenue beat and higher guidance suggest stronger top‑line momentum from the Lhoist deal, which may support the stock’s recent price rise. The updated 2026 adjusted EBITDA midpoint of $2.48 billion sets a new profitability target for investors, as disclosed in the company’s release.
Key facts
- 1Q3 2026 revenue was $2.37 billion, up 28% year‑over‑year. stocktitan.net
- 2Net earnings from continuing operations were $256 million, or $3.94 per share. finance.yahoo.com
- 3Adjusted earnings per diluted share were $5.47. stocktitan.net
- 4The company completed a $12.9 billion acquisition of Lhoist North America on August 21, 2026. stocktitan.net
- 5Lhoist generated $216 million of revenue and $115 million of cash gross profit for the August 21‑September 30 period. finance.yahoo.com
- 6Full‑year 2026 revenue guidance midpoint was raised to $7.8 billion. investing.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.