Martin Marietta Materials (MLM) Revenue — Quarter Ended Mar 31, 2024
Revenue for the current quarter rose compared to the immediately preceding quarter. However, it declined relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the current quarter rose compared to the immediately preceding quarter. However, it declined relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1B
Revenue reported for this quarter.
Quarter-over-quarter
+54.8%
Change from the immediately preceding quarter.
Year-over-year
-22.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.6B
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, 2023 | $1.8B | +10.9% |
| Sep 30, 2023 | $2B | +10.1% |
| Dec 31, 2023 | $682M | -53.8% |
| Mar 31, 2024 | $1.1B | -22.0% |
Revenue performance
The reported revenue increased from the prior quarter, marking a reversal of the previous sequential decline.
Quarterly comparison
Compared with the preceding quarter, revenue was higher. Compared with the same quarter last year, revenue was lower.
What to watch
The year-over-year decline warrants attention given the seasonal nature of construction activity.