Latest news with #MLM
Yahoo
5 days ago
- Business
- Yahoo
Martin Marietta Materials Inc (MLM) Q2 2025 Earnings Call Highlights: Record Performance Amid ...
Consolidated Adjusted EBITDA: $630 million, an 8% increase. Consolidated Adjusted EBITDA Margin: 35%, an increase of 170 basis points. Aggregates Revenues: $1.32 billion, an increase of 6%. Aggregates Gross Profit: $430 million, an increase of 9%. Aggregates Gross Margin: 33%, an increase of 94 basis points. Aggregates Gross Profit Per Tonne: $8.16, an increase of 10%. Magnesia Specialties Revenues: $90 million, a new quarterly record. Magnesia Specialties Gross Margin: Increased by 605 basis points compared to the prior year quarter. Building Materials Revenues: $1.7 billion, a 2% increase. Building Materials Gross Profit: $517 million, a 3% increase. Cement and Concrete Revenues: Decreased 6% to $245 million. Cement and Concrete Gross Profit: Decreased 25% to $54 million. Asphalt and Paving Revenues: Decreased 7% to $228 million. Asphalt and Paving Gross Profit: Decreased 8% to $33 million. Full Year Adjusted EBITDA Guidance: Increased to $2.3 billion at the midpoint. Capital Expenditures: Expected range of $820 million to $850 million, revised upward. Total Liquidity: $1.4 billion. Net Debt-to-EBITDA Ratio: 2.4 times as of June 30. Warning! GuruFocus has detected 8 Warning Sign with MLM. Release Date: August 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Martin Marietta Materials Inc (NYSE:MLM) reported record financial performance in the first half of 2025, with consolidated adjusted EBITDA of $630 million, an 8% increase year-over-year. The company achieved its safest six-month start to the year in its history, demonstrating a strong commitment to safety. MLM entered into a strategic asset exchange with Quikrete Holdings, enhancing its aggregates operations and receiving $450 million in cash. The company increased its full-year 2025 adjusted EBITDA guidance to $2.3 billion at the midpoint, reflecting strong first-half results and positive shipping trends. Magnesia Specialties set new quarterly records for revenues, gross profit, and gross margin, reaffirming its growth potential. Negative Points Weather conditions negatively impacted volumes in the second quarter, posing challenges to operational efficiency. Cement and Concrete revenues decreased by 6%, and gross profit fell by 25% due to lower operating leverage and higher raw material costs. Asphalt and paving revenues decreased by 7%, with gross profit declining by 8% due to lower shipments and higher costs. Residential construction demand remains subdued due to affordability headwinds, impacting near-term growth prospects. The company anticipates a reduction in capital expenditures in 2026, following several years of above-sustaining levels, which may impact future growth investments. Q & A Highlights Q: Can you provide more color on the demand trends you're seeing in July and what that means for the rest of the year and into 2026? A: Ward Nye, CEO: In July, we saw nice double-digit volume increases across the enterprise, which is encouraging. Our pricing has trended toward the high end of our guidance, and we hope volume will follow suit. The commercial environment is also looking strong, and we are optimistic about the rest of the year. Q: What gave you the confidence to increase the annual guidance despite the challenging weather conditions in the first half? A: Ward Nye, CEO: The increase in guidance is based on strong first-half results, positive third-quarter shipping trends, and a favorable commercial environment. We are seeing resilience in public infrastructure and positive trends in non-residential construction, particularly in data centers and energy-related developments. Q: Can you discuss the strategic fit and attractiveness of the assets acquired from Quikrete, particularly in Virginia, Missouri, Kansas, and British Columbia? A: Ward Nye, CEO: The acquisition includes about 1.3 billion tonnes of high-quality crushed stone, aligning with our strategic focus on aggregates. The assets in Virginia and the Pacific Northwest fit well with our SOAR 2025 plan, and the transaction is tax-efficient, enhancing our core aggregates business. Q: Are you seeing any mix headwinds from base pricing due to strong infrastructure demand? How is pricing momentum playing out for 2026? A: Ward Nye, CEO: We haven't seen significant mix-driven pricing issues this year. Mid-year pricing adjustments have been as expected, particularly in areas where we've been more acquisitive. While it's early to predict 2026, we anticipate continued strong pricing dynamics. Q: How does the acquisition of Premier Magnesia fit into your existing Magnesia Specialties business, and what impact do you expect? A: Michael Petro, CFO: The acquisition complements our existing synthetic magnesia business with natural magnesia, enhancing our market position. We expect about $50 million in annualized contributions from Premier Magnesia, with synergies anticipated in both commercial and operational areas. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Martin Marietta Pricing Gains Drive Margin Strength, Sales Outlook Trimmed
Martin Marietta Materials, Inc. (NYSE:MLM) on Thursday reported its second-quarter 2025 revenue of $1.811 billion, a 3% year-over-year increase but below the $1.896 billion analyst estimate. Net earnings rose 12% to $328 million, while diluted earnings per share reached $5.43, beating the $5.35 estimate. Adjusted EBITDA grew 8% to $630 million, and the margin expanded by 168 bps to 34.8%. Gross profit increased 5% to $544 million. Also Read: The Building Materials business delivered $1.721 billion in revenue, up 2%, with gross profit rising 3% to $517 million. Aggregates revenue increased 6% to $1.32 billion, supported by a 7% rise in average selling price to $23.21 per ton, despite a 1% decline in shipments. Aggregates' gross profit climbed 9% to $430 million, with margin expanding to 33%. Cement and ready mixed concrete revenue fell 6% to $245 million, with gross profit down 25% to $54 million. Asphalt and paving revenue declined 7% to $228 million, and gross profit dropped 8% to $33 million. Magnesia Specialties posted record revenue of $90 million. Gross profit jumped 32% to $36 million, with margin improving to 40%, driven by strong pricing, improved lime shipments, and operational efficiency. View more earnings on MLM Cash from operating activities for the first half of 2025 totaled $605 million, up from $173 million a year earlier. Capital expenditures reached $412 million. The company returned $547 million to shareholders through dividends and repurchases. It ended the quarter with $225 million in cash and $1.2 billion in available credit. Martin Marietta completed its acquisition of Premier Magnesia on July 25. It also signed an agreement with Quikrete on August 3 to exchange its Midlothian cement plant and related assets for aggregates operations producing 20 million tons annually, plus $450 million in cash. The transaction is expected to close in the first quarter of 2026. 'Demand across our primary end markets remains varied. Infrastructure activity remains robust, underpinned by sustained record levels of federal and state investment. In nonresidential, accelerating data center development and a warehouse recovery are contributing positively to near-term demand, partially offsetting relative softness in interest rate-sensitive light commercial construction. We expect residential construction demand to remain subdued until ongoing affordability headwinds improve,' commented Ward Nye, Chair and CEO of Martin Marietta. 'The first six months of 2025 represented the lowest total reportable incident rate in Martin Marietta's history. Given our strong first-half performance, together with acquisition contributions and current shipment trends, we are increasing our full-year 2025 Adjusted EBITDA guidance to $2.30 billion at the midpoint,' stated Nye. Outlook The company lowered its full-year 2025 revenue guidance to $6.82 billion to $7.12 billion, down from the prior $6.83 billion to $7.23 billion, and below the $7.054 billion consensus estimate. Net earnings attributable to Martin Marietta are expected to be $1.09B-$1.185B. Adjusted EBITDA guidance was raised to $2.25 billion to $2.35 billion. Martin Marietta also expects aggregates ASP growth of 6.8% to 7.8% and volume growth of 1% to 4%. Price Action: At last check Thursday, MLM shares were trading higher by 0.16% to $589.98. Read Next:Photo by Jonathan Weiss via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? MARTIN MARIETTA MATERIALS (MLM): Free Stock Analysis Report This article Martin Marietta Pricing Gains Drive Margin Strength, Sales Outlook Trimmed originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Reuters
6 days ago
- Business
- Reuters
Martin Marietta second-quarter profit rises on infrastructure demand
Aug 7 (Reuters) - Martin Marietta Materials (MLM.N), opens new tab posted a 12% rise in second-quarter profit on Thursday, aided by stronger pricing and infrastructure demand. Higher demand for data centers powering artificial intelligence has helped boost construction activity. Construction firms have also benefited from former U.S. President Joe Biden's Infrastructure Investment and Jobs Act, which outlined $1 trillion in investments. "Infrastructure activity remains robust, underpinned by sustained record levels of federal and state investment," Martin Marietta CEO Ward Nye said in a statement. The company's net earnings rose to $328 million, or $5.43 per share, in the quarter ended June 30, from $294 million, or $4.76 per share, a year ago. The U.S. construction materials supplier's quarterly revenue was up 3% at $1.81 billion.
Metropolis Japan
7 days ago
- Entertainment
- Metropolis Japan
Summer's Last Spark International Social & Luxurious Networking Party
(日本語は以下にあります） Ladies and gentlemen. As summer winds down, join us for one final golden celebration—an elevated evening of style, culture, and connection at the most breathtaking sky lounge in Tokyo. 'Summer's Last Spark' is your chance to escape the ordinary and immerse yourself in a curated gathering of elegant locals, international creatives, global professionals, and Tokyo's most vibrant social explorers. Enjoy stunning panoramic views of Tokyo Tower and Skytree as the sun sets over the city. Sip premium drinks, share laughs, and build meaningful connections in a beautifully designed space featuring marble pillars, floor-to-ceiling glass, and luxurious lighting. 🎉 What Awaits You: 🌆 Exclusive access to the entire 32nd floor luxury sky lounge & sky deck 🥂 1 welcome drink + light refreshments included 🌍 Meet globally-minded guests from over 20 countries 🎵 Lounge music, mood lighting, and unforgettable Tokyo skyline views 🕊 A warm, non-pushy space perfect for real conversations and friendships 💼 Subtle, upscale networking with stylish professionals & entrepreneurs Our bar will be manned by skilled bartenders, ensuring a taste of Tokyo's high-class lifestyle and an opportunity to meet international friends. Since it's a tower mansion with high security system, our staff will welcome you at the lobby until 20:30. Please kindly understand that admission beyond this time cannot be accommodated. Whether you're new to Tokyo, visiting from abroad, or simply seeking deeper connections in the city—you'll find your place here. 📸 Dress to impress, bring your brightest energy, and close the summer in style. Let this be your spark before September sets in. For event updates and any inquiries, please contact us via our Instagram or official LINE Group. 🚫Please note that pyramid scheme Multi-Level Marketing (MLM) related people, including mentoring business people, are strictly forbidden to join our events and parties. Any behaviors related to this will be reported to the hosts and will result in being forbidden from future events. Let's Meet & Fun! 皆さん、こんにちは。 夏の終わりに、東京で最も息を呑むようなスカイラウンジで過ごす、 スタイル・カルチャー・つながりを楽しむ特別な一夜へ、ぜひご参加ください。 ✨ 「Summer's Last Spark」 非日常を味わい、エレガントなローカル、国際的なクリエイター、グローバルなプロフェッショナル、そして東京で最も活発なソーシャルメンバーが集う特別な交流の場へようこそ。 大理石の床と柱、インテリアデザインは、高級感のありリラックスした雰囲気を醸し出しています。 ドリンクを楽しみながら、外国の方々との会話を楽しむ中で、同時に東京の街並みをお楽しみいただけます。 また、自然な出会いを通じて外国の友達と交流する事が可能です。 軽食やドリンクを楽しみながら、音楽に耳を傾け、贅沢なパーティータイムをお過ごしいただけます。 ドレスコードはございませんが、美しい東京の夜景が広がる場所での開催となりますので、おしゃれな服装でお越しいただき、新しい友達と一緒に素敵な写真を撮ることをお勧めします (^^)。 当パーティーには、特別に以下の特典が含まれています： お昼なので、東京タワーとスカイツリーの両方をはっきりご覧いただけるアウントドアーのスカイデッキがご利用いただけます。 是非、お時間を守って最大限にお楽しみください。 エレガントな雰囲気を醸し出す32階全体を、皆様に自由にご利用いただけます。 魅力的で国際的な友人たちと出会い、国際的なメンバーの一員として、交流の場をお楽しみ下さい。 🎟️ 参加費用：3,500円 （🍷1ドリンク + 🍢軽食・おつまみ食べ放題付き） 早割 : 3,000円（８月１７日までの予約）】 ※2杯目以降のドリンクはバーカウンターにてキャッシュオン バーにはプロのバーテンダーがおります。 セキュリティシステムの整ったタワーマンションですので、20:30時までスタッフがロビーでお出迎えいたします。 20:30 時以降に遅れた場合は入場をお断りいたしますので、何卒ご理解頂けるようお願いいたします。 イベントの更新情報やご質問等ございましたら、 Our Instagram : Our LINE openchat : オープンチャット「Meet and Fun Tokyo」 ご注意： 🚫ビジネスマンの指導を含むマルチ商法（MLM）関係者のイベントやパーティーへの参加は固くお断りいたします。 パーティー中またはパーティー後のこの行為に関連する行動は、主催者に報告され、行動に移されます。
RNZ News
23-07-2025
- Business
- RNZ News
Consumer watchdog warns Fijians about Auckland-based TikTokker's money-making scheme
The TikToker has enmassed tens of thousands of views on videos promoting "Livegood", a multi-level marketing company based in Florida that sells nutrition supplements. Photo: Screengrab / TikTok/@ Fiji's consumer watchdog is warning Fijians to stay away from a TikTok "business opportunity" run out of Auckland. The Consumer Council of Fiji (CCF) issued a warning on 11 July about a series of viral TikToks that encourage viewers to pay upfront "joining fees" with promises of instant earnings. The TikToker has amassed tens of thousands of views on videos promoting "LiveGood", a multi-level marketing (MLM) company based in Florida that sells nutrition supplements. "An individual named Ricky Nair LG, reportedly based in New Zealand, is actively promoting this scheme in Fiji. It promises high returns through 'matrix spillover' and encourages people to pay a US$49.95 joining fee and a monthly US$9.95 subscription." "It resembles a pyramid scheme, where earnings are based solely on recruiting others. It promises unrealistic weekly payments of up to $1000 for simply signing others up." Council CEO Seema Shandil told RNZ Pacific that they want to prevent Fijians from falling for online scams before too much money is lost. "We are trying to raise [awareness]...we have experienced it, and we know that eventually this is going to fall apart and people are going to lose heaps." LiveGood's MLM structure involves sellers who improve their ranking by selling products, getting customers to pay for a US$9.95 a month membership, and by recruiting, or "sponsoring", more sellers. The sellers earn a 2.5 percent commission on products sold, passing the rest of their revenue up to their sponsor, who would in turn pay a share up to theirs, and so on. In his videos, Nair often refers to "matrix spillover" as a means of earning income through Livegood. The "matrix" refers to a hierarchical structure of sellers, with their sponsors above them. Members may then recruit their own, or on their downline, that they did not personally recruit. Thus, the top seller is generating income without having to do anything. "How many he has recruited, I don't know, but he's using all these techniques to lure the vulnerable," Shandil said. While there are sellers based in New Zealand, it is unclear how popular LiveGood is among Kiwis. Shandil said that the fact NZ-based sellers are appealing to Fijians is a major red flag. "They are people sitting in New Zealand, and they are aggressively marketing it to the people of Fiji. So why do you think that doing that?" Auckland-based TikTokker Ricky Nair Photo: Screengrab / TikTok/@ When RNZ Pacific contacted Nair, he denied any wrongdoing. "The Consumer Council [of Fiji] hasn't got a clue," he said. Nair said that there are "heaps" of sellers in New Zealand, most using TikTok and Facebook to sell worldwide. "I'm just sending the referrals. If they want, they join. If they don't want, they don't join." He said that he receives a commission for every member that he refers, and that he has 47 members in his downline, with 21 from Fiji. He said he does not profit from their sales. But Nair has publicly boasted his "Gold ranking", which, according to LiveGood rules means he has at least 100 people, and at most 499 people, below him on his "enroller tree". Despite posting that new members could make "$1000 a week" if they sign up under him, Nair said they have to work for it by recruiting new members themselves. "Everybody are doing their own way of marketing, right? I'm just posting that. But if people gonna contact me, then I gonna explain them how it gonna work (sic)." According to [ Scam Detector], the TikTokker's storefront website has a score of 45.8/100, meaning it has a low-to-medium trust score, and is likely a scam. "This website has a pretty low score, which means caution is advised," it states. The New Zealand Commerce Commission says that it is aware of LiveGood's presence in New Zealand, and they are keeping a close watch. The Commission's general manager of competition, fair trading and credit Vanessa Horne said it received two enquiries about the multi-level marketer (MLM) in 2023. "While MLMs are not prohibited under the Fair Trading Act, businesses and individuals operating MLMs could still breach the Act if they make misleading or false claims about either the benefits of signing up to the MLM scheme and/or the goods or services the MLM sells." Horne said that an essential element of a pyramid scheme is that the return depends on the continued recruitment of new members, not product sales. Another is that they offer financial return based on recruitment fees. "Some promoters of pyramid schemes do try and make their schemes sound lawful. Consumers should be careful to ensure that a scheme is genuinely a multi-level marketing scheme, and not an illegal pyramid selling scheme before becoming involved with it." "The Commission encourages anyone who believes a business has breached the Fair Trading Act or one of the other laws we enforce, to report it, using the 'report a concern' form on our website ."
