Martin Marietta Materials Inc. (MLM) reported a 5% decline in third-quarter revenue, missing analyst expectations, as severe weather events negatively impacted its operations. The company also lowered its 2024 revenue and adjusted EBITDA guidance, citing the impact of the storms on product shipments and pricing. Despite the challenges, Martin Marietta remains optimistic about long-term growth prospects driven by infrastructure investments and a potential recovery in the housing market.
