Martin Marietta Materials (MLM) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The drop represents a shift from the prior quarter's growth trend.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The drop represents a shift from the prior quarter's growth trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
-37.0%
Change from the immediately preceding quarter.
Year-over-year
-38.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.9B
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 |
|---|---|---|
| Dec 31, 2023 | $682M | -53.8% |
| Mar 31, 2024 | $1.1B | -22.0% |
| Jun 30, 2024 | $2B | +7.6% |
| Sep 30, 2024 | $1.2B | -38.1% |
Revenue performance
The reported revenue decreased, contrasting with the increase seen in the prior quarter. The filing context references a divestiture and related tax payments, though revenue direction is separate.
Quarterly comparison
Sequentially, revenue fell from the level achieved in the preceding quarter. Year-over-year, revenue also declined relative to the same period last year.
What to watch
The effect of the divestiture on revenue trends remains a key factor to monitor.