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Asset sale lifts Martin Marietta (NYSE: MLM) Q1 profit to $1.5B
Martin Marietta Materials (NYSE: MLM) reported a significant increase in Q1 2026 net earnings to $1.51 billion, up from $116 million year-over-year, primarily driven by a $1.4 billion after-tax gain from the divestiture of its Midlothian cement plant and related Texas ready mixed concrete operations. While revenue from continuing operations rose to $1.36 billion and Adjusted EBITDA to $364 million, earnings from continuing operations declined to $79 million ($1.31 diluted EPS) due to acquisition, integration, and tax charges. The company also announced a new acquisition of New Frontier Materials, further expanding its aggregates capacity.