RTTNews | Nov 2, 2021 07:49AM EDT

07:49 Tuesday, November 2, 2021 (RTTNews.com) - Martin Marietta Materials, Inc. (MLM) announced a profit for third quarter that declined from the same period last year.

The company's bottom line totaled $254.6 million, or $4.07 per share. This compares with $294.4 million, or $4.71 per share, in last year's third quarter.

Excluding items, Martin Marietta Materials, Inc. reported adjusted earnings of $372.4 million or $4.25 per share for the period.

Analysts had expected the company to earn $4.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.2% to $1.56 billion from $1.32 billion last year.

Martin Marietta Materials, Inc. earnings at a glance:

-Earnings (Q3): $372.4 Mln. vs. $400.6 Mln. last year.-EPS (Q3): $4.25 vs. $4.71 last year.-Analysts Estimate: $4.24-Revenue (Q3): $1.56 Bln vs. $1.32 Bln last year.

-Guidance:Full year revenue guidance: $4,955 - $5,050 Mln

Read the original article on RTTNews ( https://www.rttnews.com/3238287/martin-marietta-materials-inc-q3-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved