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Martin Marietta Materials Boosts FY21 Revenue Outlook - Quick Facts

(RTTNews) - While reporting financial results for the second quarter on Thursday, building materials supplier Martin Marietta Materials, Inc. (MLM) raised its net income and total revenue guidance for the full-year 2021, reflecting recent trends and the contribution of the Tiller acquisition.

For fiscal 2021, the company now projects net earnings attributable to Martin Marietta in a range of $675 million to $750 million on total revenues between $4.705 billion and $5.850 billion.

Previously, the company expected net earnings attributable to Martin Marietta in a range of $665 million to $750 million on total revenues between $4.510 billion and $4.700 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $12.31 per share on revenues of $4.84 billion for the year. Analysts' estimates typically exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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