RALEIGH, N.C. (AP) — RALEIGH, N.C. (AP) — Martin Marietta Materials Inc. (MLM) on Thursday reported first-quarter profit of $1.51 billion.
The Raleigh, North Carolina-based company said it had net income of $25.06 per share. Earnings, adjusted for one-time gains and costs, came to $1.93 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The seller of granite, limestone, sand and gravel posted revenue of $1.36 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.3 billion.
Martin Marietta expects full-year revenue in the range of $7 billion to $7.32 billion.
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