Martin Marietta misses Q3 revenue estimates, raises guidance
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Martin Marietta's Q3 revenue grew 12% year-over-year but fell short of analyst expectations at $1.84 billion versus the $2.06 billion estimate. Adjusted EBITDA rose 22% year-over-year. The company raised its full-year 2025 guidance for Consolidated Adjusted EBITDA to a midpoint of $2.32 billion, citing positive demand trends in infrastructure and nonresidential construction. The stock has a median 12-month price target of $674.50, reflecting an 8.2% upside from its recent closing price of $619.30.
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