Reported 2 days ago
Martin Marietta reported increased profits driven by robust demand for building materials due to sustained infrastructure spending and data center investments. The company's revenue forecast for 2025 remains intact, with CEO Ward Nye highlighting the ongoing demand for infrastructure amidst macroeconomic uncertainty. The firm anticipates gains from the Infrastructure Investment and Jobs Act and experienced a 7% increase in shipments and average selling price per ton in the last quarter.
Source: YAHOO