MLM

Dycom Industries Inc. DY reported strong results for the second quarter of fiscal 2027 (ended Aug. 1, 2026). Adjusted earnings and contract revenues surpassed the Zacks Consensus Estimate and grew year over year.The quarter benefited from robust fiber-to-the-home programs, long-haul and middle-mile infrastructure builds and growing maintenance and operations services. Backlog reached a record level, supporting strong multi-year visibility. However, Communications profitability faced pressure from investments to scale operations, deferred wireless projects and higher year-over-year fuel costs.DY stock tumbled 7.1% during the pre-market trading session today. Dycom reported adjusted earnings per share of $5.29, beating the Zacks Consensus Estimate of $4.62 by 14.5%. In the year-ago quarter, the company recorded adjusted earnings of $3.64 per share. Dycom Industries, Inc. price-consensus-eps-surprise-chart | Dycom Industries, Inc. Quote Contract revenues of $2.01 billion surpassed the consensus estimate of $1.97 billion by 1.7% and increased 45.6% year over year. AT&T and Verizon each accounted for more than 10% of total revenues during the quarter. Communications revenues increased 16.7% year over year to $1.61 billion, driven by robust fiber-to-the-home programs, increased long-haul and middle-mile fiber builds, and growing maintenance and operations services. Adjusted EBITDA rose 6.2% to $218.3 million. However, the margin contracted 134 basis points to 13.6% due to investments to scale operations, deferred wireless activity and higher fuel costs. Building Systems generated contract revenues of $397.5 million. Adjusted EBITDA was $97.2 million, with a margin of 24.5%, supported by strong execution, operating leverage and favorable changes in project cost estimates and scope. National Technology Integrators, acquired during the quarter, contributed about $22.9 million in revenues. Of the total backlog, $6.472 billion is expected to be completed during the next 12 months. Communications backlog totaled $10.983 billion, including $5.362 billion for the next 12 months, while Building Systems backlog stood at $1.259 billion, with $1.11 billion scheduled within a year.DY reported a 1.4-times organic book-to-bill ratio for the first half of fiscal 2027. Recent project awards continued to diversify backlog across customers, demand drivers and geographies, while contracted backlog for long-haul, middle-mile and inside-the-fence fiber infrastructure builds exceeded $1 billion. Consolidated adjusted EBITDA increased 53.5% year over year to $315.5 million. The adjusted EBITDA margin expanded 81 basis points to 15.7%. Adjusted net income rose 51.1% to $160.7 million, while GAAP net income increased 18.6% to $115.6 million.Costs of earned revenues, excluding depreciation and amortization, increased to $1.565 billion from $1.07 billion. General and administrative expenses rose to $132.9 million from $106.8 million, while depreciation and amortization increased to $115.6 million from $60.9 million. Operating cash flow increased to $103.7 million from $57.4 million a year ago, while free cash flow rose to $37.9 million from $18.4 million. Days sales outstanding improved to 101 from 108, indicating a shorter collection cycle than in the prior-year quarter.As of Aug. 1, 2026, Dycom had cash and equivalents of $340.1 million compared with $709.2 million at the end of fiscal 2026. Long-term debt was $2.79 billion compared with $2.81 billion at the end of fiscal 2026. Liquidity stood at $1.09 billion, after the company used $225.5 million of cash for acquisitions during the quarter. DY expects contract revenues between $1.90 billion and $1.98 billion for the third quarter of fiscal 2027. The company projects adjusted EBITDA in the range of $281 million to $302 million.Adjusted earnings, excluding amortization expense, are expected between $4.33 and $4.79 per share. The guidance covers the quarter ending Oct. 31, 2026. Dycom raised its fiscal 2027 contract revenue outlook to $7.48-$7.66 billion from the previous guidance of $7.38-$7.65 billion. Building Systems revenues are now projected at $1.58-$1.65 billion, up from the prior range of $1.35-$1.45 billion, reflecting higher expected revenues from Power Solutions and contributions from National Technology Integrators. Conversely, the Communications revenue outlook was lowered to $5.90-$6.01 billion from $6.03-$6.20 billion. The Communications outlook incorporates the deferral of approximately $150 million of wireless program revenues into fiscal 2028, with overall program scope unchanged. Dycom expects consolidated adjusted EBITDA margin to increase for the year. Building Systems adjusted EBITDA margin is projected in the high-teens to low-twenties range for the remainder of fiscal 2027. Dycom currently carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Martin Marietta Materials, Inc. MLM reported outstanding second-quarter 2026 results, wherein adjusted earnings (from continuing operations) and revenues topped the Zacks Consensus Estimate and increased year over year.Martin Marietta’s results benefited from strong organic performance and contributions from acquisitions. Aggregate shipments increased 17% to a record 61.6 million tons, supported by infrastructure and heavy nonresidential demand. Heavy nonresidential demand also benefits from data center, power-generation and warehouse construction. Martin Marietta raised its 2026 revenue guidance to a range of $7.2-$7.4 billion, with a midpoint of $7.3 billion.CRH plc CRH reported exceptional second-quarter 2026 financial results with adjusted earnings and total revenues topping the Zacks Consensus Estimate and growing year over year. Positive pricing, favorable demand and acquisition contributions supported the quarterly growth. CRH completed 11 acquisitions during the quarter for $1.1 billion.The company reaffirmed 2026 net income guidance of $3.9-$4.1 billion, adjusted EBITDA guidance of $8.1-$8.5 billion and earnings guidance of $5.60-$6.05 per share. CRH expects public infrastructure spending and reindustrialization activity to support demand, while new-build residential conditions remain subdued.Quanta Services, Inc. PWR reported better-than-expected second-quarter 2026 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate. The company’s performance benefited from strong demand for grid, generation and data-center infrastructure, broader self-perform capabilities, efficient resource utilization and solid execution across both segments.Quanta increased its 2026 revenue forecast to $39.3-$39.7 billion, representing a $4.55 billion increase at the midpoint from its prior outlook. Adjusted earnings are now projected to be in the range of $16.45-$16.95 per share, while adjusted EBITDA is expected to be between $4.09 billion and $4.21 billion. Free cash flow is forecast to be in the $2-$2.5 billion range. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dycom Industries, Inc. (DY) : Free Stock Analysis Report Quanta Services, Inc. (PWR) : Free Stock Analysis Report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report CRH PLC (CRH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Dycom Industries, Inc. DY is scheduled to report its second-quarter fiscal 2027 results on Aug. 26, before the opening bell.In the last reported quarter, the company’s adjusted earnings and contract revenues topped the Zacks Consensus Estimate by 61.9% and 18%, respectively. On a year-over-year basis, both metrics grew 84.9% and 56.1%, respectively.Dycom’s earnings surpassed estimates in each of the trailing four quarters, with an average of 25%. The Zacks Consensus Estimate for fiscal second-quarter earnings per share (EPS) has moved down to $4.62 from $4.64 over the past 30 days. However, the revised estimate indicates 38.7% year-over-year growth.The consensus estimate for contract revenues is pegged at $1.97 billion, indicating a 43.2% year-over-year rise from $1.38 billion. Dycom Industries, Inc. price-eps-surprise | Dycom Industries, Inc. Quote RevenuesDycom’s top-line performance in the fiscal second quarter is expected to have benefited from surging digital infrastructure demand, mainly tied to Artificial Intelligence and hyperscale computing. This is likely because telecom operators and technology firms are accelerating network upgrades. Moreover, the company is expected to have witnessed increased activity for fiber-to-the-home deployments, long-haul and middle-mile fiber infrastructure builds and large data center campuses. Moreover, the Broadband Equity Access and Deployment (BEAD) program, offering to be a multiyear catalyst amid strong project activity, is likely to have added to the quarter’s top-line growth.Notably, the acquisition of Power Solutions, LLC, under the Building Systems segment, is expected to have aided this segment’s contributions in the quarter, as it strengthens DY’s position in data center infrastructure. For the fiscal second quarter, Dycom expects contract revenues between $1.94 billion and $2.01 billion.For the fiscal second quarter, our Zacks model expects revenues from the Communications and Building Systems segments to be $1.61 billion and $358 million, sequentially up 2.7% but down 9.5%, respectively.Earnings & MarginsFor the fiscal second quarter, Dycom’s bottom line is expected to have increased year over year because of incremental leverage from contract revenue growth and strong operational capabilities. Owing to the robust market fundamentals, the company projects adjusted EBITDA between $284 million and $303 million, up from $205.5 million reported in the prior-year quarter. The company anticipates adjusted EPS in the range of $4.40-$4.82 for the fiscal second quarter.Our model projects adjusted EBITDA to grow year over year by 41% to $289.8 million.Although trade policy uncertainty and tariff-related cost increases are concerning for bottom-line growth, the increasing top line and favorable market demand trends are expected to have more than offset these headwinds.BacklogFor the fiscal second quarter, our model expects a total backlog of $14.11 billion, indicating growth of 76.6% from $7.99 billion reported in the prior-year quarter. Our proven model does not conclusively predict an earnings beat for Dycom this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here, as you will see below.DY’s Earnings ESP: The company has an Earnings ESP of +0.69%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.DY’s Zacks Rank: The stock currently carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank stocks here. Martin Marietta Materials, Inc. MLM reported outstanding second-quarter 2026 results, wherein adjusted earnings (from continuing operations) and revenues topped the Zacks Consensus Estimate and increased year over year.Martin Marietta’s results benefited from strong organic performance and contributions from acquisitions. Aggregates shipments increased 17% to a record 61.6 million tons, supported by infrastructure and heavy nonresidential demand. Heavy nonresidential demand also benefits from data center, power-generation and warehouse construction. Martin Marietta raised its 2026 revenue guidance to a range of $7.2-$7.4 billion, with a midpoint of $7.3 billion.CRH plc CRH reported exceptional second-quarter 2026 financial results with adjusted earnings and total revenues topping the Zacks Consensus Estimate and growing year over year. Positive pricing, favorable demand and acquisition contributions supported the quarterly growth. CRH completed 11 acquisitions during the quarter for $1.1 billion.CRH reaffirmed 2026 net income guidance of $3.9-$4.1 billion, adjusted EBITDA guidance of $8.1-$8.5 billion and earnings guidance of $5.60-$6.05 per share. The company expects public infrastructure spending and reindustrialization activity to support demand, while new-build residential conditions remain subdued.NVR, Inc. NVR reported second-quarter 2026 results, with earnings and Homebuilding revenues missing the Zacks Consensus Estimate. Earnings and Homebuilding revenues also declined on a year-over-year basis.NVR’s quarter reflected stronger order activity and a lower cancellation rate, but fewer settlements, softer pricing and margin pressure weighed on results. Settlements fell 8% to 5,058 units from 5,475 units, limiting revenue generation during the period. Backlog units increased 9% year over year, while Homebuilding's gross margin contracted amid higher lot costs, affordability challenges and land deposit impairments. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dycom Industries, Inc. (DY) : Free Stock Analysis Report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report NVR, Inc. (NVR) : Free Stock Analysis Report CRH PLC (CRH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Toll Brothers, Inc. TOL reported third-quarter fiscal 2026 (ended July 31) results, with earnings and revenues beating the Zacks Consensus Estimate. However, both top and bottom lines declined on a year-over-year basis.TOL’s top-line beat was supported by higher delivered pricing, which partly offset lower home deliveries. The company’s average price on home deliveries increased from the prior-year quarter, while net signed contracts also grew year over year.On a macro level, the company continued to navigate a challenging housing market. Still, management highlighted the resilience of its affluent customer base and the strength of the luxury-focused business model. The company reported diluted earnings per share (EPS) of $2.97, which beat the Zacks Consensus Estimate of $2.90 by 2.4% but declined 20.4% year over year from $3.73. Toll Brothers Inc. price-consensus-eps-surprise-chart | Toll Brothers Inc. Quote In the fiscal third quarter, total revenues of $2.66 billion surpassed the consensus mark of $2.60 billion by 2.4% but fell 9.7% from the year-ago quarter. For the quarter under review, Toll Brothers’ home sales revenues decreased 7.9% year over year to $2.65 billion from $2.88 billion. Home deliveries declined 10% to 2,662 units from 2,959 units in the year-ago quarter.Despite the lower volume, the average delivered price increased 2.3% year over year to $996,400 from $973,600, helping cushion the impact of fewer deliveries. The company ended the quarter with 471 selling communities compared with 420 in the prior-year period. Order momentum remained a constructive indicator in the quarter. Net signed contracts increased 5% year over year to 2,508 homes, while contract value rose 4.3% to $2.52 billion from $2.41 billion. The average price of signed contracts was $1,002,900 compared with $1,010,100 a year ago.Backlog ended the quarter at 5,312 homes valued at $6.24 billion, down 3.3% and 2.2%, respectively, from the prior-year period. The average price of homes in backlog increased to $1,174,400 from $1,161,000. Quarterly cancellations represented 5.4% of signed contracts, improving from 7.5% a year ago. While operations were sufficient to drive an earnings beat, profitability remained under pressure. Home sales gross margin declined to 23.9% from 25.6% a year ago, while adjusted home sales gross margin fell to 25.6% from 27.5%. Nonetheless, adjusted gross margin came in 35 basis points above management’s guidance.SG&A increased to 10% of home sales revenues from 8.8%, further constraining year-over-year profitability. Income from operations declined to $359.2 million from $487.7 million. Joint venture impairments totaled $39.6 million, while inventory impairments and write-offs included in home sales cost of revenues were $17.7 million compared with $23.3 million a year ago. Toll Brothers continued returning capital while maintaining substantial liquidity. The company repurchased about 1.4 million shares during the quarter for $206.8 million at an average price of $148.63. It also paid a quarterly dividend of 26 cents per share.Cash and cash equivalents totaled $1.06 billion at quarter-end, down from $1.26 billion at fiscal 2025 year-end and $1.11 billion at the end of the fiscal second quarter. Available liquidity under the senior unsecured revolving credit facility was $2.24 billion. The debt-to-capital ratio improved to 24.5% from 24.7% in the prior quarter, while net debt-to-capital increased to 15.6% from 15.4%. For the fourth quarter of fiscal 2026, TOL expects deliveries of 3,450-3,550 units and an average delivered price of $995,000-$1,005,000. Adjusted home sales gross margin is projected at 26%, while SG&A is estimated at 8.1% of home sales revenues. The tax rate is projected at 26%.For fiscal 2026, TOL forecasts deliveries of 10,500-10,600 units. The estimated range reflects a decline from the fiscal 2025 level of 11,292. Average delivered price is expected at $995,000-$1,000,000, indicating growth from $960,200 in fiscal 2025. The company continues to see adjusted home sales gross margin at 26.10% (a decline from the 27.3% reported in fiscal 2025) and SG&A at 10.10% of home sales revenues, with period-end community count projected at 480-490. Management also increased projected fiscal 2026 share repurchases to $700 million from $650 million. Toll Brothers currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Martin Marietta Materials, Inc. MLM reported outstanding second-quarter 2026 results, wherein adjusted earnings (from continuing operations) and revenues topped the Zacks Consensus Estimate and increased year over year.Martin Marietta’s results benefited from strong organic performance and contributions from acquisitions. Aggregates shipments increased 17% to a record 61.6 million tons, supported by infrastructure and heavy nonresidential demand. Heavy nonresidential demand also benefits from data center, power-generation and warehouse construction. Martin Marietta raised its 2026 revenue guidance to a range of $7.2-$7.4 billion, with a midpoint of $7.3 billion.CRH plc CRH reported exceptional second-quarter 2026 financial results with adjusted earnings and total revenues topping the Zacks Consensus Estimate and growing year over year. Positive pricing, favorable demand and acquisition contributions supported the quarterly growth. CRH completed 11 acquisitions during the quarter for $1.1 billion.The company reaffirmed 2026 net income guidance of $3.9-$4.1 billion, adjusted EBITDA guidance of $8.1-$8.5 billion and earnings guidance of $5.60-$6.05 per share. CRH expects public infrastructure spending and reindustrialization activity to support demand, while new-build residential conditions remain subdued.Quanta Services, Inc. PWR reported better-than-expected second-quarter 2026 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate. The company’s performance benefited from strong demand for grid, generation and data-center infrastructure, broader self-perform capabilities, efficient resource utilization and solid execution across both segments.Quanta increased its 2026 revenue forecast to $39.3-$39.7 billion, representing a $4.55 billion increase at the midpoint from its prior outlook. Adjusted earnings are now projected to be in the range of $16.45-$16.95 per share, while adjusted EBITDA is expected to be between $4.09 billion and $4.21 billion. Free cash flow is forecast to be in the $2-$2.5 billion range. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Toll Brothers Inc. (TOL) : Free Stock Analysis Report Quanta Services, Inc. (PWR) : Free Stock Analysis Report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report CRH PLC (CRH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Martin Marietta Materials, Inc. MLM enters the second half of 2026 with stronger revenues, improving organic aggregates volumes and firm demand from infrastructure and heavy nonresidential projects. Those trends support the earnings outlook, but the stock already carries a premium valuation.The investment case therefore depends on execution. Pricing discipline, acquisition contributions and efficiency initiatives are positives, while residential weakness, energy inflation and softer estimate revisions leave less room for disappointment. Second-quarter adjusted earnings of $5.00 per share topped the Zacks Consensus Estimate by 8.2% and increased 3.3% year over year. Revenues increased 21% to $1.95 billion and beat the consensus mark by 4.3%.Aggregates shipments rose 17% to a record 61.6 million tons, including 2.3% organic growth. That marked the fourth consecutive quarter of organic volume growth as infrastructure and heavy nonresidential activity supported demand across Martin Marietta’s footprint. Reported aggregates average selling price declined 2% to $22.74 per ton, reflecting acquisition-related and geographic mix pressure. That headline decline masks better pricing in the legacy business.Organic average selling price increased 2.1%, while organic mix-adjusted pricing advanced 3.7%. The latter measure shows continued pricing discipline even as acquired operations and faster growth in lower-priced markets diluted the reported average. Martin Marietta Materials, Inc. price-consensus-chart | Martin Marietta Materials, Inc. Quote Martin Marietta raised 2026 revenue guidance to $7.2-$7.4 billion and reaffirmed adjusted EBITDA from continuing operations guidance of $2.36-$2.50 billion. Infrastructure funding, heavy nonresidential projects and recent acquisitions support the top-line outlook.The constraints are equally visible. Residential activity remains pressured by affordability, while energy costs are expected to stay elevated through year-end. Organic cost of goods sold per ton increased 3.6% in the second quarter, including a 150-basis-point headwind from higher pass-through external freight costs. MLM trades at 26.2X forward 12-month earnings, above the Zacks sub-industry’s 20.9X and its own five-year median of 25.8X. The Zacks Consensus Estimate for current-year earnings has also moved 1.4% lower over the past four weeks.Vulcan Materials Company VMC is the nation’s largest supplier of construction aggregates, making it a natural peer for investors assessing aggregates exposure. CRH plc CRH is another relevant comparison because its Americas Materials Solutions segment supplies aggregates, cementitious materials, ready-mixed concrete and asphalt. The premium can be sustained if Martin Marietta converts stronger volumes, pricing discipline and portfolio expansion into durable earnings growth. Still, the valuation and recent estimate movement suggest that investors may want clearer evidence of margin progress before assigning more upside to the shares.MLM currently carries a Zacks Rank #3 (Hold), indicating a neutral near-term earnings-revision signal. Its Value Score of D is joined by a Growth Score of F, Momentum Score of F and VGM Score of F. Since the Zacks Style Scores complement the Rank, those weak grades reinforce a patient stance rather than a fresh buying case at the current multiple. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report Vulcan Materials Company (VMC) : Free Stock Analysis Report CRH PLC (CRH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Innodata Inc. INOD reported exceptional second-quarter 2026 results, with earnings and revenues topping the Zacks Consensus Estimate and growing year over year.The company continued to benefit from strong demand for data engineering services supporting advanced artificial intelligence systems. Customer diversification improved meaningfully, while a favorable business mix drove further margin expansion. Following the results, the company’s shares gained around 14.6% in the after-hour trading session yesterday. The gain likely reflected the solid earnings and revenue beat, record profitability and continued confidence in the 2026 growth outlook. Quarterly earnings were 41 cents per share, up 105% year over year. The figure surpassed the Zacks Consensus Estimate of 21 cents by 95.2%. Innodata Inc price-consensus-eps-surprise-chart | Innodata Inc Quote Revenues climbed 58% to $92.14 million year over year and beat the consensus estimate of $86.32 million by 7%. The quarter marked Innodata’s 12th consecutive quarter of year-over-year revenue growth.Customer diversification also improved significantly. Innodata’s largest customer accounted for 37% of second-quarter revenues, down from 56% in the first quarter. Meanwhile, the Big Tech customer announced in the prior quarter increased to 34% of revenues from 17%. Adjusted gross profit reached $45.38 million, up 81.2% from $25.05 million in the year-ago quarter. Adjusted gross margin expanded to 49% from 43%, standing 9 percentage points above the company’s publicly stated 40% target.The margin expansion was driven by a favorable revenue mix, including off-the-shelf datasets, where Innodata retains intellectual property and can monetize the same assets across multiple customers, as well as high-value pre-training programs.Adjusted EBITDA was $25.36 million, or 27.5% of revenues, compared with $13.23 million in the prior-year quarter. The 91.6% increase in adjusted EBITDA outpaced revenue growth, reflecting meaningful operating leverage.Selling and administrative expenses rose to $26.60 million from $14.11 million. Even with the higher cost base, income before taxes increased to $17.56 million from $9.49 million, while net income nearly doubled to $14.41 million from $7.22 million. Cash provided by operating activities totaled $164.44 million for the first six months of 2026, sharply higher than $14.99 million in the year-ago period. Capital expenditures were $5.31 million, while the company invested $10.08 million in short-term investments.Cash and cash equivalents increased to $240.28 million at June 30, 2026, from $82.22 million at the end of 2025. Including short-term investments, cash and investments totaled $250.4 million.The quarter-end cash balance included customer prepayments related to pass-through costs. Excluding these prepayments, management stated that cash was approximately $134 million, providing the company with substantial liquidity to support continued investments in growth initiatives. Management reiterated its full-year 2026 revenue growth forecast of 40% or more year over year. The outlook reflects continued momentum across existing customer programs and a broadening customer base.Importantly, management said several large potential programs from new and anticipated customers that it considers likely wins are not included in the 40% growth forecast. Once the scope and timing of these programs are finalized, the company plans to incorporate them and update guidance accordingly. Innodata added an important new customer during the quarter, described by management as one of the fastest-scaling frontier labs. The company also expanded programs in agentic reinforcement learning, including work involving personalization of long-horizon agents and reinforcement-learning environments for computer-use agentic tasks.The company released two public AI benchmarks and the first stage of its AI Cyber Training Suite, consisting of 12 datasets and evaluation systems designed to train coding agents to write secure code and repair vulnerabilities.Innodata also completed successful egocentric data-collection pilots with leading robotics companies and is moving from individual pilots toward enterprise-scale multimodal programs. These initiatives broaden the company’s exposure across the AI development lifecycle and support management’s focus on research-led growth. Innodata currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Martin Marietta Materials, Inc. MLM reported outstanding second-quarter 2026 results, wherein adjusted earnings (from continuing operations) and revenues topped the Zacks Consensus Estimate and increased year over year.Martin Marietta’s results benefited from strong organic performance and contributions from acquisitions. Aggregates shipments increased 17% to a record 61.6 million tons, supported by infrastructure and heavy nonresidential demand. Heavy nonresidential demand also benefits from data center, power-generation and warehouse construction. Martin Marietta raised its 2026 revenue guidance to a range of $7.2-$7.4 billion, with a midpoint of $7.3 billion.CRH plc CRH reported exceptional second-quarter 2026 financial results with adjusted earnings and total revenues topping the Zacks Consensus Estimate and growing year over year. Positive pricing, favorable demand and acquisition contributions supported the quarterly growth. CRH completed 11 acquisitions during the quarter for $1.1 billion.CRH reaffirmed 2026 net income guidance of $3.9-$4.1 billion, adjusted EBITDA guidance of $8.1-$8.5 billion and earnings guidance of $5.60-$6.05 per share. The company expects public infrastructure spending and reindustrialization activity to support demand, while new-build residential conditions remain subdued.Quanta Services, Inc. PWR reported better-than-expected second-quarter 2026 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate. Quanta’s performance benefited from strong demand for grid, generation and data-center infrastructure, broader self-perform capabilities, efficient resource utilization and solid execution across both segments.Quanta increased its 2026 revenue forecast to $39.3-$39.7 billion, representing a $4.55 billion increase at the midpoint from its prior outlook. Adjusted earnings are now projected to be in the range of $16.45-$16.95 per share, while adjusted EBITDA is expected to be between $4.09 billion and $4.21 billion. Free cash flow is forecast to be in the $2-$2.5 billion range. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Innodata Inc (INOD) : Free Stock Analysis Report Quanta Services, Inc. (PWR) : Free Stock Analysis Report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report CRH PLC (CRH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Jacobs Solutions Inc.’s J third-quarter fiscal 2026 (ended June 26, 2026) adjusted earnings met the Zacks Consensus Estimate but grew year over year. However, revenues topped the consensus mark and increased from the year-ago quarter’s figure.The quarterly results were driven by strength in the Infrastructure & Advanced Facilities (I&AF) segment because of broad-based growth witnessed across data center, semiconductor, energy & power, transportation and water sectors.Besides, the company is benefiting from rising investment tied to Artificial Intelligence infrastructure. Businesses directly related to the AI build-out represented 11% of adjusted net revenues during the quarter, including data centers, semiconductors, energy and power, water and digital services. J stock tumbled 2.4% during yesterday’s after-hours trading session, despite management’s approach of raising fiscal 2026 expectations. Jacobs reported adjusted earnings of $1.84 per share for the third quarter of fiscal 2026, in line with the Zacks Consensus Estimate, but up 13.6% from $1.62 in the year-ago quarter.Gross revenues of $4.08 billion surpassed the consensus mark of $3.54 billion by 15.1% and rose 34.5% year over year. Adjusted net revenues, which exclude low-margin pass-through revenues, increased 8.3% year over year to $2.42 billion. Backlog climbed 27.3% to a record $28.89 billion. Jacobs Solutions Inc. price-consensus-eps-surprise-chart | Jacobs Solutions Inc. Quote Adjusted operating profit increased 10.8% to $341.8 million year over year, while the corresponding margin improved 30 basis points (bps) to 14.1%. Adjusted EBITDA advanced 16.7% to $366.8 million, and the margin expanded 110 bps to 15.2%. I&AF segment’s revenues surged 38.8% year over year to $3.75 billion. Adjusted net revenues advanced 9.9% to $2.09 billion, reflecting entirely organic growth. Segment operating profit rose 13.6% to $268.1 million. The operating margin expanded 40 bps to 12.8%, indicating that stronger volumes and execution translated into improved profitability despite an evolving revenue mix.Life Sciences & Advanced Manufacturing delivered the strongest top-line growth. Gross revenues jumped 116.6% to $1.63 billion, while adjusted net revenues rose 24.2% to $476 million, led by data center and semiconductor activity.Critical Infrastructure gross revenues increased 7.2% to $1.23 billion, with adjusted net revenues up 9.4% to $1.01 billion. Water & Environmental gross revenues grew 10.8% to $889 million, although adjusted net revenue growth was limited to 1.5% as environmental activity offset solid water demand. PA Consulting generated revenues of $329.5 million, down about 1% from the year-ago quarter. However, operating profit increased 1.7% to $73.6 million and the operating margin expanded 50 bps to 22.3% year over year.PA Consulting backlog reached $459 million, up 9.3% year over year, supporting management’s confidence in the segment’s opportunity pipeline following the acquisition of the remaining ownership stake. Jacobs generated $456.1 million in reported operating cash flow and spent $25.1 million on capital expenditures. Adjusted free cash flow, excluding accelerated employee-related payments connected with the PA Consulting transaction, totaled $541 million. The company ended the quarter with $1.17 billion in cash and cash equivalents and $3.58 billion in long-term debt. Net leverage declined to 1.8 times adjusted EBITDA, falling below the fiscal year-end target ahead of schedule.Jacobs repurchased $142 million of shares during the quarter, bringing fiscal year-to-date buybacks to $614 million. It also declared a quarterly dividend of 36 cents per share, representing a 12.5% year-over-year increase. Management raised the midpoint of its fiscal 2026 adjusted earnings outlook for the third consecutive quarter. Adjusted earnings are now expected between $7.20 and $7.30 per share, compared with the previous range of $7.10-$7.35.Adjusted net revenue growth is projected at 9.5-10%, up from the prior 8-10.5% range. The adjusted EBITDA margin is expected between 14.7% and 14.8% (compared with 14.6-14.9% expected earlier), while the adjusted free cash flow margin is forecast at approximately 8%.The outlook reflects strong execution, record backlog and continued private-sector and utility capital spending. Jacobs also expects an extra week in the fourth quarter to benefit adjusted net revenue growth. Jacobs currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Martin Marietta Materials, Inc. MLM reported outstanding second-quarter 2026 results, wherein adjusted earnings (from continuing operations) and revenues topped the Zacks Consensus Estimate and increased year over year.Martin Marietta’s results benefited from strong organic performance and contributions from acquisitions. Aggregates shipments increased 17% to a record 61.6 million tons, supported by infrastructure and heavy nonresidential demand. Heavy nonresidential demand also benefits from data center, power-generation and warehouse construction. Martin Marietta raised its 2026 revenue guidance to a range of $7.2-$7.4 billion, with a midpoint of $7.3 billion.CRH plc CRH reported exceptional second-quarter 2026 financial results with adjusted earnings and total revenues topping the Zacks Consensus Estimate and growing year over year. Positive pricing, favorable demand and acquisition contributions supported the quarterly growth. CRH completed 11 acquisitions during the quarter for $1.1 billion.CRH reaffirmed 2026 net income guidance of $3.9-$4.1 billion, adjusted EBITDA guidance of $8.1-$8.5 billion and earnings guidance of $5.60-$6.05 per share. The company expects public infrastructure spending and reindustrialization activity to support demand, while new-build residential conditions remain subdued.Quanta Services, Inc. PWR reported better-than-expected second-quarter 2026 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate. Quanta’s performance benefited from strong demand for grid, generation and data-center infrastructure, broader self-perform capabilities, efficient resource utilization and solid execution across both segments.Quanta increased its 2026 revenue forecast to $39.3-$39.7 billion, representing a $4.55 billion increase at the midpoint from its prior outlook. Adjusted earnings are now projected to be in the range of $16.45-$16.95 per share, while adjusted EBITDA is expected to be between $4.09 billion and $4.21 billion. Free cash flow is forecast to be in the $2-$2.5 billion range. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Jacobs Solutions Inc. (J) : Free Stock Analysis Report Quanta Services, Inc. (PWR) : Free Stock Analysis Report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report CRH PLC (CRH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

EMCOR Group, Inc. EME reported exceptional second-quarter 2026 financial results with earnings and revenues surpassing the Zacks Consensus Estimate and growing year over year.The quarterly performance was mainly driven by disciplined project execution, favorable project mix and solid demand in key end markets, resulting in elevated contributions from its four reportable segments - U.S. Electrical Construction and Facilities Services, U.S. Mechanical Construction and Facilities Services, U.S. Building Services and U.S. Industrial Services.(read more: EME Q2 Earnings Beat Estimates on Broad-Based Growth, Stock Up) EMCOR exited the second quarter with record remaining performance obligations (RPOs) of $17.14 billion, representing a 43.9% year-over-year increase and 29.3% from year-end 2025. The construction segments accounted for most of the balance, with $9.31 billion in mechanical construction and $6.33 billion in electrical construction. The backlog expansion was broad-based, with particularly strong growth across network & communications, water & wastewater, healthcare and institutional markets.According to management, investments in AI infrastructure and digital transformation are generating unprecedented activity within the network & communications market, where demand for mission-critical facilities remains exceptionally strong. EME also continues to benefit from its ability to secure large-scale, complex projects across multiple customers, geographies and skilled trades, reflecting disciplined bidding and execution capabilities. EMCOR Group, Inc. price-consensus-eps-surprise-chart | EMCOR Group, Inc. Quote Importantly, the record RPOs provide significant revenue visibility heading into the second half of 2026 and beyond. Management believes the diverse backlog, combined with sustained customer investments in AI-driven infrastructure and essential public projects, positions EMCOR to continue converting project awards into profitable growth while maintaining pricing discipline and operational excellence across its construction platforms. EMCOR significantly strengthened its long-term competitive positioning through an active acquisition strategy during the second quarter. The company completed or signed definitive agreements for five electrical contracting businesses — B&B Electric, Sidney Electric, Giles Electric, Schmidt Electric and Connelly Electric — which together generated approximately $625 million in trailing 12-month revenues and $105 million in EBITDA. The acquisitions expand EMCOR's footprint across Wisconsin, Ohio, Florida, Texas and Illinois, and deepen capabilities in high-tech manufacturing, healthcare, institutional, manufacturing & industrial, and network & communications markets.Management emphasized that beyond expanding local market presence, these companies can be integrated into EMCOR's broader customer network and increasingly deployed on higher-value data center projects, particularly in fast-growing markets such as Austin, Central Texas, Daytona Beach and the Chicago suburbs. The company expects these acquisitions to contribute $250-$275 million in revenues during the second half of 2026.EMCOR also highlighted that its acquisition strategy focuses on generating long-term revenue synergies rather than simply extracting cost savings, creating a compounding growth platform that enhances technical expertise, customer relationships and geographic diversification. Beyond AI infrastructure, EMCOR continues to benefit from healthy demand across a wide range of resilient end markets, reducing its reliance on any single customer or industry. Management highlighted continued strength in water & wastewater, high-tech manufacturing, healthcare, institutional, manufacturing and industrial, alongside robust demand for fire life safety services. EME also noted improving activity in warehousing, distribution and logistics projects, while HVAC retrofit work, building controls modernization, indoor air quality (IAQ) upgrades and energy-efficiency projects continue to generate meaningful aftermarket opportunities.To support this expanding project pipeline, EMCOR is investing heavily in workforce training and development, prefabrication capabilities, Virtual Design and Construction (VDC) and advanced project delivery methods that improve labor productivity and execution quality. Although management acknowledged ongoing macro uncertainties, including tariffs, supply-chain disruptions, commodity price volatility, elevated interest rates and geopolitical risks, it expressed confidence in the company's ability to navigate these challenges through disciplined project selection, pricing and operational execution.Supported by these favorable demand trends, operational investments and record project visibility, EMCOR raised its full-year 2026 revenue guidance to $20-$20.5 billion from $18.5-$19.25 billion previously while increasing its EPS outlook to $32-$33.25 (from $28.25-$29.75 expected earlier). Combined with its diversified market exposure and balanced capital allocation strategy, these operational investments position EMCOR to capitalize on long-term infrastructure spending and sustain profitable growth across multiple economic cycles. EMCOR currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Martin Marietta Materials, Inc. MLM reported outstanding second-quarter 2026 results, wherein adjusted earnings (from continuing operations) and revenues topped the Zacks Consensus Estimate and increased year over year.Martin Marietta’s results benefited from strong organic performance and acquisition contributions. Aggregates shipments increased 17% to a record 61.6 million tons, supported by infrastructure and heavy nonresidential demand. Heavy nonresidential demand also benefits from data center, power-generation and warehouse construction. Martin Marietta raised its 2026 revenue guidance to a range of $7.2-$7.4 billion, with a midpoint of $7.3 billion.CRH plc CRH reported exceptional second-quarter 2026 financial results with adjusted earnings and total revenues topping the Zacks Consensus Estimate and growing year over year. Positive pricing, favorable demand and acquisition contributions supported the quarterly growth. CRH completed 11 acquisitions during the quarter for $1.1 billion.CRH reaffirmed 2026 net income guidance of $3.9-$4.1 billion, adjusted EBITDA guidance of $8.1-$8.5 billion and earnings guidance of $5.60-$6.05 per share. The company expects public infrastructure spending and reindustrialization activity to support demand, while new-build residential conditions remain subdued.Quanta Services, Inc. PWR reported better-than-expected second-quarter 2026 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate. Quanta’s performance benefited from strong demand for grid, generation and data-center infrastructure, broader self-perform capabilities, efficient resource utilization and solid execution across both segments.Quanta increased its 2026 revenue forecast to $39.3-$39.7 billion, representing a $4.55 billion increase at the midpoint from its prior outlook. Adjusted earnings are now projected to be in the range of $16.45-$16.95 per share, while adjusted EBITDA is expected to be between $4.09 billion and $4.21 billion. Free cash flow is forecasted to be in the $2-$2.5 billion range. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Quanta Services, Inc. (PWR) : Free Stock Analysis Report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report CRH PLC (CRH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Achieved record second quarter revenues and adjusted EBITDA driven by robust infrastructure demand and disciplined cost management despite energy headwinds. Announced a transformational agreement to combine with Lhoist North America (LNA), positioning the company as the nation's leading producer of lime and industrial mineral products. Management views the LNA transaction as a natural extension of the aggregates-led foundation, leveraging core competencies in quarry operations and mineral resource management across nearly 200 heritage limestone quarries. Completed the enterprise-wide rollout of Precise IQ, a mobile quoting application and pricing algorithm designed to enhance pricing precision and commercial responsiveness. Organic aggregates performance remained strong with a 2.3% volume increase, marking the fourth consecutive quarter of organic growth despite weather impacts in Texas. Operational efficiency initiatives have already unlocked over $200 million in cash flow benefits year-to-date through disciplined inventory management and reduced capital spending. Strategic divestitures of cement and ready-mix assets since 2022 have successfully shifted the portfolio toward higher-margin, more durable earnings profiles while maintaining a 10% annual EBITDA CAGR. Raised full-year revenue guidance to $7.2 billion - $7.4 billion while reaffirming adjusted EBITDA guidance, reflecting strong first-half momentum and recent acquisition contributions. Identified approximately $350 million in run-rate pretax cash flow improvement opportunities expected to be fully realized by the end of 2027 through network optimization and asset utilization. Management expects to deleverage back to the targeted investment-grade range within 24 months following the close of the LNA transaction. Infrastructure demand is projected to remain durable, supported by over $150 billion in uninvested federal funds and multiyear state construction programs. Anticipates that the LNA combination will enhance free cash flow conversion and provide significant commercial and operational synergies across the aggregates and specialties platforms. Reported aggregates gross profit was impacted by a $52 million noncash inventory step-up charge, though management notes most fair value adjustments are now completed. Higher energy costs acted as a significant headwind; management noted that organic cost of goods sold would have been flat for the quarter if energy prices had remained stable. The acquisition of New Frontier Materials (NFM) creates an optical headwind for headline average selling prices (ASP) due to its lower price point relative to the company average. Management highlighted that 70% of planned data center and manufacturing square footage is located within 55 miles of a Martin Marietta facility, providing a significant proximity advantage. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified that while headline pricing was down 2%, mix-adjusted pricing rose 3.7% when accounting for geographic and acquisition impacts. Organic cost of goods sold rose only 2.1% excluding pass-through freight, demonstrating effective mitigation of inflationary pressures. Ward Nye emphasized that lime production is mission-critical with limited substitutes, representing only 1% to 4% of customers' production costs. Integration risk is considered low as LNA has historically operated as an independent business with a culture highly compatible with Martin Marietta's. Management expects a short-term extension of the surface transportation authorization but does not anticipate a material impact on project activity or funding flows. Confidence remains high for a multiyear arrangement by year-end, as there is strong bipartisan support for maintaining program continuity. The company remains committed to its aggregates-led strategy and will continue to pursue bolt-on aggregates acquisitions while digesting the LNA deal. The transaction was structured with both cash and equity specifically to preserve the ability to continue executing the core aggregates M&A pipeline.

Weyerhaeuser Company WY reported better-than-expected second-quarter 2026 financial results with adjusted earnings and net sales topping the Zacks Consensus Estimate. Year over year, the bottom line grew while the top line declined.The quarterly results reflect weakness in Timberlands and Strategic Land Solutions outweighing growth in parts of Wood Products. Adjusted EBITDA was $310 million compared with $336 million a year ago. The second-quarter adjusted earnings were 13 cents per share, up 8.3% year over year and topping the Zacks Consensus Estimate of six cents by 116.7%.Net sales of $1.87 billion inched down 0.9% from the prior-year quarter but beat the consensus mark of $1.80 billion by 4%.Gross margin was $311 million, down from $325 million in the year-ago quarter. Selling expenses increased to $24 million from $23 million, while general and administrative expenses rose to $115 million from $114 million. Operating income advanced to $223 million from $178 million. The latest quarter included a $71 million pretax gain from the sale of Oregon timberlands. Weyerhaeuser Company price-consensus-eps-surprise-chart | Weyerhaeuser Company Quote Wood Products net sales reached $1.36 billion, up $196 million sequentially. Operating income increased to $71 million from $42 million, while adjusted EBITDA climbed to $129 million from $71 million. The segment’s adjusted EBITDA margin expanded to 9% from 6%.Lumber was the primary driver, with adjusted EBITDA rising to $73 million from $27 million. Lumber realizations increased 15% sequentially and volumes were moderately higher. Engineered Wood Products adjusted EBITDA improved to $54 million from $39 million, supported by higher volumes and realizations. However, Oriented Strand Board posted a $6 million adjusted EBITDA loss due to higher manufacturing, maintenance and resin costs. Timberlands generated total net sales of $518 million, down 2.1% year over year. Net contribution to earnings increased to $130 million from $88 million, aided by the timberland sale. Adjusted EBITDA declined to $123 million from $152 million.In the West, fee harvest volumes were slightly higher sequentially due to seasonally favorable operating conditions. Domestic log sales volumes and realizations improved, but elevated fuel, freight, forestry and road costs pressured results. Southern fee harvest volumes were comparable sequentially, while realizations improved slightly due to mix. Strategic Land Solutions recorded net sales of $140 million, down 9.1% year over year. Operating income fell to $94 million from $106 million, while adjusted EBITDA declined to $129 million from $143 million.Sequentially, results fell sharply because the first quarter included a $94 million conservation easement transaction in the Climate Solutions business. This was partly offset by stronger Real Estate results stemming from the timing and mix of sales. Real Estate adjusted EBITDA increased sequentially to $83 million from $61 million, while Climate Solutions adjusted EBITDA dropped to $13 million from $108 million. Net cash from operations was $399 million, slightly above $396 million in the year-ago quarter and substantially higher than $52 million in the first quarter. Capital expenditures totaled $139 million, including $63 million related to the Monticello engineered wood products facility.WY ended the quarter with $527 million in cash and cash equivalents and total debt of $5.43 billion. The company repurchased $10 million of common stock and paid $152 million in cash dividends during the quarter. For the third quarter of 2026, Timberlands earnings before special items and adjusted EBITDA are expected to be slightly higher sequentially. Management anticipates higher harvest volumes and lower per-unit log and haul costs, partly offset by seasonally higher forestry and road expenses.Strategic Land Solutions earnings are projected to decline about $30 million sequentially, while adjusted EBITDA is expected to fall roughly $45 million due to the timing and mix of real estate sales. Full-year segment adjusted EBITDA is now forecast at approximately $450 million, up $25 million from the prior outlook.Wood Products earnings and adjusted EBITDA are expected to be slightly lower, excluding changes in lumber and oriented strand board realizations. Higher lumber and engineered wood product volumes are expected, though moderately higher lumber log costs and increased oriented strand board manufacturing costs may weigh on profitability. Weyerhaeuser currently carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Martin Marietta Materials, Inc. MLM reported outstanding second-quarter 2026 results, wherein adjusted earnings (from continuing operations) and revenues topped the Zacks Consensus Estimate and increased year over year.Martin Marietta’s results benefited from strong organic performance and acquisition contributions. Aggregates shipments increased 17% to a record 61.6 million tons, supported by infrastructure and heavy nonresidential demand. Heavy nonresidential demand also benefited from data center, power-generation and warehouse construction. Martin Marietta raised its 2026 revenue guidance to a range of $7.2-$7.4 billion, with a midpoint of $7.3 billion.CRH plc CRH reported exceptional second-quarter 2026 financial results with adjusted earnings and total revenues topping the Zacks Consensus Estimate and growing year over year. Positive pricing, favorable demand and acquisition contributions supported the quarterly growth. CRH completed 11 acquisitions during the quarter for $1.1 billion.CRH reaffirmed 2026 net income guidance of $3.9-$4.1 billion, adjusted EBITDA guidance of $8.1-$8.5 billion and earnings guidance of $5.60-$6.05 per share. The company expects public infrastructure spending and reindustrialization activity to support demand, while new-build residential conditions remain subdued.Quanta Services, Inc. PWR reported better-than-expected second-quarter 2026 results, with adjusted earnings and revenues beating the Zacks Consensus Estimate. Quanta’s performance benefited from strong demand for grid, generation and data-center infrastructure, broader self-perform capabilities, efficient resource utilization and solid execution across both segments.Quanta increased its 2026 revenue forecast to $39.3-$39.7 billion, representing a $4.55 billion increase at the midpoint from its prior outlook. Adjusted earnings are now projected to be in the range of $16.45-$16.95 per share, while adjusted EBITDA is expected to be between $4.09 billion and $4.21 billion. Free cash flow is forecasted to be in the $2.00-$2.50 billion range. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Weyerhaeuser Company (WY) : Free Stock Analysis Report Quanta Services, Inc. (PWR) : Free Stock Analysis Report Martin Marietta Materials, Inc. (MLM) : Free Stock Analysis Report CRH PLC (CRH) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Martin Marietta Materials, Inc.? Here are five stocks we like better. Record second-quarter performance: Martin Marietta reported record revenue and adjusted EBITDA, with aggregates revenue rising 16% to $1.5 billion as total shipments benefited from the Quikrete and New Frontier acquisitions. Raised revenue outlook: The company increased 2026 revenue guidance to $7.2 billion–$7.4 billion while maintaining adjusted EBITDA guidance of $2.36 billion–$2.5 billion, despite continued energy-cost pressure. Growth and efficiency initiatives: Strong infrastructure, data-center and heavy non-residential demand supported the business, while the pending Lhoist North America combination and SOAR 2030 program are expected to expand specialties and improve cash flow. 3 Stocks Helping Build Tomorrow's Data Centers Martin Marietta Materials (NYSE:MLM) reported record second-quarter revenue and adjusted EBITDA, supported by infrastructure and heavy non-residential construction demand, contributions from acquisitions and operating-cost discipline. The company raised its full-year revenue outlook while maintaining its adjusted EBITDA guidance, citing continued energy-cost pressure. Chair, President and Chief Executive Officer Ward Nye said the quarter reflected favorable demand in infrastructure and heavy non-residential markets, as well as disciplined execution across the company. He also highlighted the May acquisition of New Frontier Materials, a bolt-on aggregates business along Missouri’s I-70 corridor, and the pending combination with Lhoist North America Inc. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now 3 Construction Stocks Set to Surge on Tariff-Driven Demand “Martin Marietta delivered another strong quarter, highlighted by record Q2 revenues and adjusted EBITDA,” Nye said. Senior Vice President and Chief Financial Officer Michael Petro said the company’s core aggregates business generated record revenue of $1.5 billion, up 16% from the prior-year period. Organic shipments increased 2.3%, while total shipments rose 17% to 61.6 million tons, benefiting from the acquired Quikrete assets and a partial-quarter contribution from New Frontier Materials. → Microsoft Just Flipped the AI Spending Narrative Overnight Eagle Materials Stock is Dipping, Results Say Not for Long Average selling prices decreased 2% on a reported basis, reflecting geographic and acquisition mix, but rose 3.7% organically after adjustments for geographic mix. Petro said the New Frontier acquisition’s lower average selling prices will create a more pronounced headwind to reported pricing in the second half because the business will be included for the full period. Organic cost of goods sold per ton increased 3.6%, including a 150-basis-point impact from higher pass-through external freight costs. Excluding that freight impact, Petro said controllable cost growth was below the company’s implied 3% guidance level. Nye said that, absent energy-cost increases, cost of goods sold would have been flat during the quarter. → Carrier Earnings Could Send the Stock to a New All-Time High Reported aggregates gross profit was $418 million, affected by a $52 million non-cash inventory step-up charge and $42 million in higher depreciation, depletion and amortization expense. Management said most fair-value inventory charges are now behind the company, which should allow reported results to better reflect underlying business economics in the second half. Martin Marietta’s specialties segment reported record quarterly revenue of $152 million and gross profit of $50 million. The results included contributions from the July 2025 Premier Magnesia acquisition and organic pricing gains across products. Petro pointed to the company’s Woodville, Ohio, lime plant as an illustration of lime’s demand resilience. He said Woodville’s shipments declined 7% during the financial crisis, compared with a 37% decline in U.S. aggregates industry volumes. In the second quarter, Woodville average selling prices rose 4%, or 5% after adjusting for mix, while shipments increased 1%, resulting in 7% gross-profit growth to a record level despite energy-related cost inflation. Management said the pending Lhoist North America combination would expand Martin Marietta’s upstream specialties platform. Lhoist is described as the nation’s leading producer of lime and industrial mineral products, with 20 quarries and production facilities and 45 distribution terminals. Its products are used in steel production, soil stabilization, water treatment, flue-gas treatment and other industrial applications. Nye said the transaction is complementary to Martin Marietta’s existing operations, noting that the company already has nearly 200 heritage limestone quarries. He said Lhoist’s Sun Belt footprint and market positions could support exposure to domestic manufacturing, steel capacity growth, data-center construction and infrastructure activity. Martin Marietta raised its 2026 revenue guidance to a range of $7.2 billion to $7.4 billion. It reaffirmed adjusted EBITDA from continuing operations guidance of $2.36 billion to $2.5 billion. The outlook does not include contributions from the pending Lhoist transaction, which management said it will address after closing. Petro said higher expected contributions from New Frontier Materials are expected to largely offset continued elevated diesel costs. Management expects organic volumes to trend toward the high end of its original guidance range, while organic pricing is expected toward the low end due to mix effects. The company said pricing realization should be strong in New Frontier and Quikrete markets following midyear increases. It also completed the enterprise-wide rollout of its PreciseIQ mobile quoting application and pricing algorithm in June, which Nye said is intended to improve customer responsiveness, pricing precision and consistency in commercial execution. Year-to-date organic aggregates volumes increased 4.3%, according to management. Data-center activity in Martin Marietta’s markets was up 90%, Nye said. Power-related activity was up 23%, while warehousing activity increased 53% year to date, according to Nye. More than 70% of planned or under-construction data-center and manufacturing square footage is located within 55 miles of a Martin Marietta facility, based on Dodge Construction Network data cited by the company. Management said its SOAR 2030 program has identified approximately $350 million of run-rate pre-tax cash-flow improvement opportunities through asset utilization, network optimization and lower sustaining capital requirements. The company said inventory management and lower capital spending generated more than $200 million in cash-flow benefits through the first half of the year. Nye said the $350 million target is currently viewed as an exit-rate figure for 2027 and could ultimately be increased as network-optimization efforts expand. He cited a pilot program in Denver as the model for broader implementation across the company’s operations. Since 2022, Martin Marietta has divested more than $525 million of EBITDA associated with cement and ready-mix concrete assets and redeployed proceeds into aggregates and specialties businesses, Petro said. Despite those divestitures, the company expects adjusted EBITDA to compound at approximately 10% annually over the five years ending in 2026. Regarding the pending Lhoist deal, Petro said the company expects to maintain an investment-grade balance sheet and de-lever to its target range within 24 months after closing. Nye said the transaction would not change Martin Marietta’s commitment to pursuing aggregates bolt-on acquisitions. Nye said infrastructure remains the company’s most durable and visible source of aggregates demand. While he expects a short-term extension of the current federal surface transportation authorization to be likely, he said it should not materially affect project activity or funding flows. Martin Marietta cited elevated state transportation revenues and more than $150 billion of federal infrastructure funding that has yet to be invested. Nye said he expects policymakers to preserve program continuity while they negotiate a broader multiyear transportation measure, potentially by year-end. The company also reported its best first-half safety performance in its history, measured by total injury and lost-time incident rates. Nye said safety remains the company’s most important measure of success. Martin Marietta Materials, Inc (NYSE: MLM) is a leading producer of aggregates and heavy building materials serving the construction and infrastructure markets. The company operates quarries, sand and gravel pits, and other extraction sites to supply crushed stone, sand and gravel, and a range of value‑added products for use in roads, bridges, commercial and residential construction, and other civil engineering projects. In addition to its core aggregates business, Martin Marietta manufactures and sells asphalt, ready‑mixed concrete and related materials and services. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Martin Marietta Materials Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Second-Quarter Revenues Increase 21% to New Record Operational Efficiency Opportunities Expected to Drive $350 Million of Cash Flow Benefits Raises Full-Year 2026 Revenues Guidance and Reaffirms Adjusted EBITDA Guidance RALEIGH, N.C., July 30, 2026 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company), a leading national supplier of aggregates and other building materials, today reported results for the second quarter ended June 30, 2026. Second-Quarter Highlights(Financial highlights are for continuing operations) 1 Non-GAAP financial measures; see pages 14 and 16 for reconciliations to the nearest GAAP financial measures.2 Quarter ended June 30, 2026, gross profit, aggregates gross profit and aggregates gross profit per ton included a charge of $52 million, $52 million and $0.84 per ton, respectively, for the impact of selling acquired inventory after markup to fair value as part of acquisition accounting.3 Organic mix-adjusted ASP is 4 percent. For additional notes, see page 13. Ward Nye, Chair, President and CEO of Martin Marietta, stated, “Building on our positive trends entering 2026, Martin Marietta delivered record second-quarter revenues and Adjusted EBITDA from continuing operations. Revenues increased 21% and Adjusted EBITDA from continuing operations grew 13%, driven by strong organic performance and acquisition contributions. Infrastructure and heavy nonresidential construction activity across much of our footprint supported favorable shipment trends and underscored the earnings power and resilience of our business model. Most importantly, our team delivered the safest first half in the Company's history, as measured by Total Injury Incident and Lost-Time Incident Rates. Based on our strong first-half results and continued momentum, we are raising our full-year revenue guidance to a range of $7.2 billion to $7.4 billion and reaffirming our full-year Adjusted EBITDA from continuing operations guidance of $2.36 billion to $2.5 billion. "The quarter was also notable for the announcement of several value creating transactions. Most significantly, and consistent with our strategic plan, on June 27, we entered into a definitive agreement to combine with Lhoist North America (LNA), the nation's leading producer of high-calcium lime, dolomitic lime and industrial mineral products. The planned combination advances our SOAR 2030 objective to expand our differentiated upstream Specialties platform, broadens our participation across infrastructure, manufacturing and industrial end markets and leverages our core quarrying and mineral resource management expertise. The transaction also establishes Martin Marietta as the nation's leading producer of limestone products and further enhances our portfolio of scarce, long-lived reserves. As the transaction has not yet closed, our revised 2026 guidance does not include any contribution from LNA. "Additionally, on May 15 we completed the acquisition of New Frontier Materials (NFM), expanding our leading aggregates platform along the I-70 corridor. Together, these transactions further strengthen our portfolio by deepening our leadership position in aggregates while accelerating the planned expansion of our differentiated upstream Specialties platform. "Beyond these portfolio actions, our expanded enterprise review identified opportunities that are expected to generate approximately $350 million of annualized cash flow improvements as we optimize our evolving asset base, network footprint, and sustaining capital requirements. Through disciplined inventory management and reductions in capital spending, we have unlocked more than $200 million of cash year-to-date compared with the prior-year period. Combined with our strong second-quarter organic cost performance, these actions reflect meaningful progress toward our efficiency and cash generation objectives." Mr. Nye concluded, "Martin Marietta's portfolio today reflects years of disciplined investment and thoughtful portfolio shaping. As we advance our SOAR 2030 objectives, we remain focused on responsible capital allocation, enterprise excellence and preserving the financial flexibility that has long distinguished our Company. Supported by high-quality assets, extensive limestone and granite reserves and favorable long-term demand fundamentals, we believe Martin Marietta is uniquely positioned to compound shareholder value through disciplined execution, attractive growth and superior stewardship of our irreplaceable mineral resources." Second-Quarter Financial and Operating Results (All financial and operating results are for continuing operations and comparisons are versus the prior-year second quarter, unless otherwise noted) Building Materials Business Aggregates Second-quarter aggregates shipments increased 17.0 percent to a record of 61.6 million tons, reflecting a full quarter of contributions from the operations acquired from Quikrete Holdings, Inc. (QUIKRETE), a partial-quarter of contributions from NFM and organic shipment growth of 2.3 percent driven by strong infrastructure and heavy nonresidential demand across our geographic footprint. ASP decreased 2.0 percent to $22.74 per ton, primarily reflecting acquisition-related mix headwinds. Organic ASP increased 2.1 percent and organic mix-adjusted ASP7 increased 3.7 percent, reflecting continued strong organic shipment momentum in the Central and West Divisions where average selling prices are below the Company's average. Aggregates gross profit decreased 3 percent to $418 million, inclusive of the $52 million non-cash charge associated with the fair market value purchase accounting inventory step-up adjustments. Cost management efforts supported strong organic cost performance with cost of goods sold per ton increasing 3.6 percent, including 150 basis points from higher pass-through external freight costs. Other Building Materials Other Building Materials revenues increased 12 percent to $303 million while gross profit decreased 14 percent to $34 million. Gross profit declined due to higher ready mix concrete raw material costs combined with lower organic paving revenues and job margins. Specialties Business Specialties delivered revenues of $152 million and gross profit of $50 million, both quarterly records. These results reflected contributions from the July 2025 Premier Magnesia, LLC acquisition and organic pricing gains across all products. The Company's lime business delivered 4.0 percent ASP growth, or 5.0 percent on a mix-adjusted8 basis, and 0.9 percent shipment growth resulting in gross profit growth of 7 percent. Portfolio Optimization On June 27, 2026, the Company entered into a definitive agreement to combine with LNA, a subsidiary of Lhoist Group, in a transaction valued at approximately $13.5 billion, consisting of cash and shares of Martin Marietta common stock. The transaction is expected to close in the second half of 2026, subject to regulatory approvals and other customary closing conditions. LNA is a leading producer of high-calcium lime, dolomitic lime and industrial mineral products serving diversified end markets through a network of 20 quarries and production facilities and 45 distribution terminals. On May 15, 2026, the Company acquired NFM, a complementary aggregates-led bolt-on business serving the greater St. Louis metropolitan area producing over 8 million tons of aggregates annually. Cash Generation, Capital Allocation and Liquidity Cash provided by operating activities for the six months ended June 30, 2026, was $339 million, compared with $605 million for the prior-year period, primarily reflecting higher income tax payments related to the taxable gain recognized on the February 2026 divestiture of the Midlothian cement business and the Company's remaining Texas ready mix concrete operations in conjunction with the QUIKRETE asset exchange completed February 2026. Cash paid for property, plant and equipment additions for the six months ended June 30, 2026, was $314 million. During the six months ended June 30, 2026, the Company returned $302 million to shareholders through dividend payments and share repurchases. As of June 30, 2026, 10.7 million shares remained available under the current repurchase authorization. As of June 30, 2026, the Company had $112 million of unrestricted cash and cash equivalents on hand and $742 million of unused borrowing capacity under its existing credit facilities. On July 15, 2026, the Company secured a commitment for a new three-year senior unsecured term loan facility in an aggregate principal amount of $1.5 billion subject to consummation of the LNA acquisition and other customary conditions. Non-GAAP Financial Information This earnings release includes financial measures not prepared in accordance with United States generally accepted accounting principles (GAAP). Reconciliations of these non-GAAP financial measures to the most comparable GAAP measures are provided in the Appendix. Management believes these non-GAAP measures are widely used by investors to evaluate the Company’s performance and, when considered alongside the Company’s consolidated financial statements, offer valuable insight into the Company’s ongoing and expected business results. These measures also inform internal evaluations of overall business performance. Management recognizes that reported results are influenced by numerous factors, and the adjustments in non-GAAP measures may not reflect all such impacts. Additionally, these measures may not be comparable to similarly titled measures used by other companies. Conference Call Information Martin Marietta will discuss its second-quarter 2026 earnings results today, July 30, 2026, via a conference call and live webcast beginning at 10:00 a.m. Eastern Time. To participate, dial +1 (646) 307-1963 and enter conference ID 7217352. Participants are encouraged to dial in at least 15 minutes before the scheduled start time to ensure a timely connection. An on-demand replay will be posted to the Company's website approximately two hours after the conclusion of the live broadcast and will be available for one year. Access links for both the live and archived events, along with the Q2 2026 Supplemental Information, are available on the Investors section of the Company's website. About Martin Marietta Martin Marietta, a member of the S&P 500 Index, is an American-based company and a leading supplier of aggregates and other building materials. Through a network of operations spanning 29 states, Canada and The Bahamas, dedicated Martin Marietta teams supply the resources necessary for building the solid foundations on which our communities thrive. Martin Marietta’s Specialties business provides high-purity magnesia and dolomitic lime products used worldwide in environmental, industrial, agricultural and specialty applications. For more information, visit www.martinmarietta.com or www.magnesiaspecialties.com. Investor Contact: Jacklyn RookerVice President, Investor Relations+1 (919) [email protected] MLM-E. This earnings release contains forward-looking statements under the federal securities laws, including the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties and are based on assumptions that the Company believes are reasonable, but which may differ materially from actual results. These statements reflect the Company’s current expectations or forecasts of future events. You can identify these statements because they do not relate only to historical or current facts and may use words such as “guidance,” “anticipate,” “may,” “expect,” "could," “should,” “believe,” "estimate," "forecast," "intend," "outlook," "plan," "project," "schedule," “will,” and other words of similar meaning in connection with future events or future performance. Any or all of the Company’s forward-looking statements herein and in other publications may prove to be incorrect. Second-quarter results and trends described in this release may not necessarily be indicative of the Company’s future performance. The Company’s outlook is subject to risks and uncertainties and is based on assumptions that the Company believes are reasonable but which may be materially different from actual results. Factors that the Company currently believes could cause actual results to differ materially from the forward-looking statements, including the outlook and 2026 Guidance, include, but are not limited to: the Company’s ability to address challenges, including shipment declines caused by economic and weather events beyond its control; a widespread decline in aggregates pricing, including reduced shipment volume negatively affecting price; the termination, capping, reduction or suspension of federal and/or state fuel tax(es) or other revenue related to public construction; the level and timing of federal, state or local transportation or infrastructure or public projects funding, including any issues arising from such budgets, particularly in Texas, North Carolina, Colorado, California, Georgia, Florida, South Carolina, Arizona, Iowa and Minnesota; the United States Congress’ inability to reach agreement internally or with the Executive Branch on policy affecting the federal budget; a prolonged Federal government shutdown; the ability of states or other entities to finance approved projects through tax revenues or alternative financing; construction spending levels in the Company’s markets; reductions in defense spending and impacts on construction activity on or near military bases; declines in energy-related construction due to changes in oil production or capital spending, particularly in Texas; sustained high mortgage interest rates and factors leading to a slowdown in private construction in some areas; unfavorable weather, including storms, hurricanes, wildfires, timing of seasons, drought, rainfall, or extreme temperatures affecting production schedules, shipment volumes, product/geographic mix and profitability; volatility in fuel and energy costs, including diesel, electricity, natural gas and consumables like steel, explosives, tires and conveyor belts, as well as natural gas for the Company’s Specialties business; increased raw materials costs, such as bitumen; rising costs of repair and supply parts; construction labor shortages and supply chain challenges; labor relations risks, such as unionization efforts, work stoppages or strikes; workforce demographics-related challenges in recruiting and retaining skilled employees, particularly for physically demanding roles in rural or less-populated areas; unexpected equipment failures, unscheduled maintenance, industrial accident or prolonged production disruption; resiliency and potential declines of the Company's construction end-use markets; potential impacts of disease outbreaks, epidemics, pandemics, or similar health threats, or fear of such events, and related economic/societal responses, affecting suppliers, customers, partners or employees; the performance of the overall United States economy; governmental regulation, including environmental laws and climate change regulations at state and federal levels; implementation of emissions taxes, carbon-pricing schemes, or stricter climate-related rules that could increase operating costs or restrict Specialties production; delays or difficulties in securing timely land use approvals or environmental permits amid changing regulatory expectations; increasing legal actions or public pressure related to environmental impact, emissions, or land use could result in reputational harm or financial liability; failure to meet evolving environmental, social, and governance (ESG) standards or investor benchmarks may affect access to capital or shareholder confidence; changes in external ESG ratings or methodologies could affect investor sentiment or index inclusion; increasing competition for water access or stricter water usage regulations could impact production, especially in drought-prone regions; outcomes of environmental or land-use proceedings, or increased costs associated with regulatory obligations, including site reclamation; elevated premiums or reduced coverage availability for property, casualty, or environmental liability could increase risk exposure; transportation availability and investment in rail infrastructure impacting the movement of materials especially to the Company’s Texas, Southeast and Gulf Coast markets, the movement of essential dolomitic lime to the Company’s Specialties plant in Manistee, Michigan and its customers, and the movement of magnesite from the Company's Specialties' Gabbs, Nevada facility to processing plants in North Carolina, Indiana and Pennsylvania and the Company's customers; increased transportation costs, including increases from energy price fluctuations, fuel surcharges, and compliance with tightening regulations, including water shipments; availability of trucks and licensed drivers for material transport; availability and cost of construction equipment in the United States; weakness in the steel industry markets served by the Company’s dolomitic lime products; geopolitical risks affecting costs, supply chain, oil and gas prices, including conflict zones such as Iran, Russia-Ukraine, Israel-Middle East and potential China-Taiwan tensions; trade disputes and tariffs impacting the U.S. economy; unplanned cost changes or customer realignments affecting earnings; dependence on information technology and automated systems; risks related to third-party vendors, including exposure to cybersecurity vulnerabilities or service outages; inflation pressures on production and interest costs; customer concentration in construction markets increasing the risk of potential losses on customer receivables; demand levels, production volumes, and cost management affecting operating leverage and profitability; risks related to the Company's pending LNA transaction, including the timing of consummation of the transaction; the ability to satisfy closing conditions, transaction costs or that the closing of the transaction does not occur; the risk that any regulatory approval required to complete the transaction is not obtained, or is obtained subject to conditions that are not anticipated or that the Company is not obligated to accept; the diversion of management time on transaction-related issues; global economic conditions; adverse industry conditions; the risk that the Securities Sale Agreement may be terminated, including in circumstances that would require the Company to pay a termination fee; the Company’s ability to obtain the financing on favorable terms or at all and the resulting increase in the Company’s indebtedness and potential effects on the Company’s credit ratings; the issuance of newly-issued shares of Martin Marietta common stock as consideration payable at the closing of the LNA Transaction and the resulting dilution to the Company’s existing shareholders; and potential business uncertainty, including changes to existing business relationships during the pendency of the transaction that could affect financial performance, integration challenges, market conditions, and the impact of the transaction on the Company's stakeholders; the possibility that acquisition synergies may not be realized as expected or within anticipated timeframes, potentially impacting profitability and debt covenant compliance; risks related to executive succession, retention and leadership development critical to strategy execution, including impacts from unexpected leadership changes; changes in tax laws or interpretations, including those related to acquisitions or divestitures, which could increase tax rates; violation of the Company’s debt covenants in the event of price and/or volume instability; new or revised accounting rules could impact financial reporting, asset valuations, or covenant compliance; challenges in implementing new technologies or automation systems could lead to inefficiencies, cost overruns, or operational disruptions; cybersecurity risks; downward pressure on the Company’s common stock price affecting goodwill impairment evaluations; potential credit rating downgrades to non-investment grade; and other risk factors listed from time to time in the Company’s SEC filings. You should also review the risk factors discussed in Martin Marietta’s Annual Report on Form 10-K for the year ended December 31, 2025, the forthcoming Form 10-Q for the quarter ended June 30, 2026, and other periodic SEC filings. All forward-looking statements should be evaluated with these considerations in mind. Other risks and uncertainties not presently known or currently deemed immaterial may also affect the Company’s performance or the accuracy of forward-looking statements. The Company undertakes no obligation to update any such forward-looking statements. MARTIN MARIETTA MATERIALS, INC.Additional Notes 4. Revenues for the quarters ended June 30, 2026, and June 30, 2025, included the sales of products and services to customers (net of any discounts or allowances) and freight revenues for continuing operations. 5. Earnings from operations for the quarter ended June 30, 2026, included charges of $58 million for acquisition, divestiture and integration expenses, the impact of selling acquired inventory after markup to fair value as part of acquisition accounting for transactions meeting the Company's threshold for adding back for purposes of Adjusted EBITDA from continuing operations; and an asset and portfolio rationalization charge. 6. Net earnings from continuing operations attributable to Martin Marietta and earnings per diluted share from continuing operations for the quarter ended June 30, 2026, included charges of $45 million and $0.74 per diluted share, respectively, for acquisition, divestiture and integration expenses, the impact of selling acquired inventory after markup to fair value as part of acquisition accounting for transactions meeting the Company's threshold for adding back for purposes of Adjusted EBITDA from continuing operations; and an asset and portfolio rationalization charge. 7. Organic mix-adjusted ASP represents Organic ASP adjusted to reflect consistent geographic mix between periods and is calculated by comparing Organic ASP for current-period shipments to Organic ASP for shipments in the comparable prior period. Please refer to the Investors section of the Company's website for definitions of ASP and Organic ASP. 8. Lime mix-adjusted ASP represents ASP for the Company's lime business adjusted to reflect consistent product mix between periods and is calculated by comparing ASP for current-period shipments to ASP for shipments in the comparable prior period. Please refer to the Investors section of the Company's website for a definition of ASP. MARTIN MARIETTA MATERIALS, INC.Non-GAAP Financial Measures Earnings from continuing operations before interest; income taxes; depreciation, depletion and amortization; earnings/loss from nonconsolidated equity affiliates; acquisition, divestiture and integration expenses; the impact of selling acquired inventory after its markup to fair value as part of acquisition accounting (Inventory Markup); and an asset and portfolio rationalization charge, or Adjusted EBITDA from continuing operations, is an indicator used by the Company and investors to evaluate the Company's operating performance from period to period. The Company has elected to add back, for purposes of its Adjusted EBITDA from continuing operations calculation, acquisition, divestiture and integration expenses and the Inventory Markup only for transactions with consideration of at least $2.0 billion for the Building Materials business or $200 million for the Specialties business. Adjusted EBITDA from continuing operations is not defined by accounting principles generally accepted in the United States (GAAP) and, as such, should not be construed as an alternative to net earnings attributable to Martin Marietta, earnings from operations, or operating cash flow. For further information on Adjusted EBITDA, refer to the Company’s website at www.martinmarietta.com. Reconciliation of Net Earnings from Continuing Operations Attributable to Martin Marietta to Adjusted EBITDA from Continuing Operations MARTIN MARIETTA MATERIALS, INC.Non-GAAP Financial Measures Reconciliation of 2026 Net Earnings from Continuing Operations Attributable to Martin Marietta Guidance to the 2026 Adjusted EBITDA from Continuing Operations Guidance MARTIN MARIETTA MATERIALS, INC.Non-GAAP Financial Measures Adjusted earnings per diluted share from continuing operations is a non-GAAP financial measure used by the Company and by investors to evaluate operating performance and enhance comparability across reporting periods. The Company calculates Adjusted earnings per diluted share from continuing operations by excluding the impact of certain items that management believes are not indicative of the Company's underlying performance from period to period, including impacts directly related to acquisition and divestiture activity as well as asset and portfolio rationalization charges. The Company has elected to add back, for purposes of its Adjusted earnings per diluted share from continuing operations calculation, acquisition, divestiture and integration expenses, the impact of selling acquired inventory after its markup to fair value as part of acquisition accounting and the revaluation of deferred tax liabilities, only for transactions with consideration of at least $2.0 billion for the Building Materials business or $200 million for the Specialties business. Adjusted earnings per diluted share from continuing operations is not defined by accounting principles generally accepted in the United States (GAAP) and, as such, should not be construed as an alternative to earnings per diluted share from continuing operations. For further information on Adjusted earnings per diluted share from continuing operations, refer to the Company’s website at www.martinmarietta.com. Reconciliation of Earnings per Diluted Share from Continuing Operations to Adjusted Earnings per Diluted Share from Continuing Operations