Reported 2 months ago
Martin Marietta has revised its full-year 2024 revenue and net earnings projections downwards following a charge related to its acquisition of Blue Water Industries' assets. The expected revenue is now between $6.5 billion and $6.94 billion, compared to the previous range of $6.9 billion to $7.3 billion. Similarly, net earnings forecast has been adjusted to between $2.03 billion and $2.17 billion, down from earlier estimates of $2.21 billion to $2.30 billion, influenced by adverse weather conditions and ongoing monetary policy restrictions impacting operations.
Source: YAHOO