Martin Marietta Materials Q1 Results Top Views

Martin Marietta Materials shares were up almost 4% pre-market Tuesday after the supplier of aggregates products used for construction reported Q1 earnings per diluted share of $0.67, down from $0.69 for the year-ago quarter, but easily beating the Capital IQ consensus forecast of $0.47. Net sales for the quarter were $791.7 million, up from $734 million for the same period last year, and ahead of the analyst forecast of $729.3 million.

For its 2017 guidance, the company said it expects consolidated net sales in a range of $3.75 billion to $3.95 billion, straddling the $3.88 billion mean estimate, and consolidated gross profit of between $1 billion and $1.1 billion. It also expects 2017 EBITDA of between $1.05 billion and $1.13 billion.

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