Martin Marietta Materials Q4 Profit Rises - Quick Facts

(RTTNews) - Martin Marietta Materials, Inc. (MLM) reported fourth-quarter net earnings attributable to company of $64.0 million or $0.94 per share, up from $36.0 million or $0.77 per share in the comparable quarter last year.

Earnings from continuing operations were $63.9 million, compared with $35.5 million in the prior year period, while earnings per share from continuing operations attributable to common shareholders rose to $0.94 from $0.78, last year. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.82 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to $856.3 million from $545.0 million in the prior year quarter, while nine analysts expected revenue of $772.78 million for the quarter.

The Board of Directors has authorized a new share repurchase program under which the Company may acquire up to 20 million shares of its outstanding common stock. The authorization to repurchase up to 20 million shares includes the five million shares authorized under the Company's previous share repurchase program.