Martin Marietta Materials (MLM) Revenue — Quarter Ended Mar 31, 2023
Revenue for the current quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline follows a pattern seen in prior periods, while the year-over-year improvement marks continued growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the current quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The sequential decline follows a pattern seen in prior periods, while the year-over-year improvement marks continued growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-8.3%
Change from the immediately preceding quarter.
Year-over-year
+10.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.6B | +19.1% |
| Sep 30, 2022 | $1.8B | +16.3% |
| Dec 31, 2022 | $1.5B | -1.3% |
| Mar 31, 2023 | $1.4B | +10.0% |
Revenue performance
Revenue declined sequentially after three quarters of growth, including a strong year-ago comparison. The year-over-year increase remained positive, reflecting sustained business momentum.
Quarterly comparison
Compared to the immediately preceding quarter, revenue contracted. However, compared to the same quarter in the prior year, revenue expanded.
What to watch
The sequential revenue pattern will be important to observe in the coming quarter.