Martin Marietta Materials Boosts FY21 Revenue Outlook - Quick Facts

(RTTNews) - While reporting financial results for the second quarter on Thursday, building materials supplier Martin Marietta Materials, Inc. (MLM) raised its net income and total revenue guidance for the full-year 2021, reflecting recent trends and the contribution of the Tiller acquisition.

For fiscal 2021, the company now projects net earnings attributable to Martin Marietta in a range of $675 million to $750 million on total revenues between $4.705 billion and $5.850 billion.

Previously, the company expected net earnings attributable to Martin Marietta in a range of $665 million to $750 million on total revenues between $4.510 billion and $4.700 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $12.31 per share on revenues of $4.84 billion for the year. Analysts' estimates typically exclude special items.