Martin Marietta Materials (MLM) Revenue — Quarter Ended Dec 31, 2023
Revenue for the reported quarter declined sharply compared to both the preceding quarter and the same quarter one year earlier. This marks a significant reversal from the growth trend observed in the earlier quarters of the fiscal year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the reported quarter declined sharply compared to both the preceding quarter and the same quarter one year earlier. This marks a significant reversal from the growth trend observed in the earlier quarters of the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$682M
Revenue reported for this quarter.
Quarter-over-quarter
-65.8%
Change from the immediately preceding quarter.
Year-over-year
-53.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.9B
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 |
|---|---|---|
| Mar 31, 2023 | $1.4B | +10.0% |
| Jun 30, 2023 | $1.8B | +10.9% |
| Sep 30, 2023 | $2B | +10.1% |
| Dec 31, 2023 | $682M | -53.8% |
Revenue performance
The reported quarter's revenue was substantially lower than the prior quarter, reflecting a steep sequential decline. The year-over-year comparison also showed a notable decrease.
Quarterly comparison
Sequentially, revenue fell from the level of the immediately preceding quarter. Compared to the same quarter one year earlier, revenue also registered a sizeable drop.
What to watch
The abrupt decline in the final quarter of the fiscal year warrants attention given the sustained growth in the prior three quarters.