Martin Marietta Materials Inc (NYSE:MLM) reported a Q1 2024 revenue decline of 7.6% Y/Y to $1.251 billion, missing consensus estimates. EPS from continuing operations rose significantly to $16.87 from $2.16 a year ago, despite a 9.7% Y/Y decrease in gross profit to $272 million. The company saw a decrease in Building Materials business revenue and aggregate shipments, but an increase in the average selling price. Operating cash flow improved to $172 million, and $197 million was returned to shareholders. The company has completed over $4.5 billion in transactions, leading to a revised 2024 guidance with expected total revenues of $6.9 billion-$7.3 billion and adjusted EBITDA of $2.3 billion-$2.44 billion. MLM shares dropped 2.72% to $586.22.