Record aggregates tonnage powers Martin Marietta's first quarter.
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Record aggregates tonnage powers Martin Marietta's first quarter. Martin Marietta Materials Inc. announced results for the first quarter ended March 31, reporting revenues of $1,362 billion versus $1,162 billion in the first quarter of 2025, an increase of 17%. First-quarter aggregates shipments increased 12.4% to a first-quarter record 43.9 million tons, driven by organic growth and partial-quarter contributions from the operations acquired from Quikrete on Feb. 23, 2026. Average selling price (ASP) of $23.70 per ton was in line with the prior-year quarter, reflecting acquisition and geographic mix headwinds, as combined organic shipments increased more than 20% in the Central and West divisions, which typically carry lower ASPs and related gross margins. Aggregates gross profit decreased $9 million, or 3%, to $288 million, inclusive of the $22 million charge for the impact of selling acquired inventory after markup to fair market value as part of purchase accounting and higher depreciation, depletion and amortization expense. Organic cost of goods sold per ton increased 5.6% and included approximately 300 basis points of headwinds from higher pass-through external freight costs and other timing-related items. Other Building Materials revenues decreased 5% to $116 million. Consistent with historical first-quarter trends, the business posted a gross loss of $16 million...
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