Martin Marietta Materials (MLM) Revenue — Quarter Ended Jun 30, 2023
Revenue for the reporting quarter increased, driven by robust demand. The sequential improvement from the prior quarter was significant, and the year-over-year comparison also showed growth.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the reporting quarter increased, driven by robust demand. The sequential improvement from the prior quarter was significant, and the year-over-year comparison also showed growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+34.5%
Change from the immediately preceding quarter.
Year-over-year
+10.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
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 |
|---|---|---|
| Sep 30, 2022 | $1.8B | +16.3% |
| Dec 31, 2022 | $1.5B | -1.3% |
| Mar 31, 2023 | $1.4B | +10.0% |
| Jun 30, 2023 | $1.8B | +10.9% |
Revenue performance
The company delivered higher revenue during the quarter, reflecting solid operational execution.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose sharply. When measured against the same quarter one year earlier, revenue also posted a healthy increase.
What to watch
Given the seasonal nature of construction activity, monitor whether revenue growth can be sustained in the coming quarters.