Full-Year 2024 Guidance
The Company's 2024 guidance table below reflects the AFS acquisition and the South Texas cement and related concrete operations divestiture as of their respective closing dates, but does not include contributions from the announced BWI Southeast acquisition, which will be updated following the closing of the transaction. Giving effect to the two acquisitions and the divestiture as if each closed on January 1, 2024, the Company's full year 2024 Adjusted EBITDA guidance would be $2.37 billion at the midpoint.
2024 GUIDANCE | ||||||||
(Dollars in Millions) | Low * | High * | ||||||
Consolidated | ||||||||
Total revenues | $ | 6,745 | $ | 7,185 | ||||
Interest expense | $ | 55 | $ | 65 | ||||
Estimated tax rate (excluding discrete events) | 21 | % | 22 | % | ||||
Net earnings from continuing operations attributable to Martin Marietta | $ | 1,205 | $ | 1,385 | ||||
Adjusted EBITDA1 | $ | 2,140 | $ | 2,340 | ||||
Capital expenditures | $ | 650 | $ | 700 | ||||
Building Materials Business | ||||||||
Aggregates | ||||||||
Volume % growth2 | (2.0 | )% | 2.0 | % | ||||
ASP % growth3 | 10.0 | % | 12.0 | % | ||||
Gross profit | $ | 1,610 | $ | 1,730 | ||||
Cement, Ready Mixed Concrete and Asphalt and Paving | ||||||||
Gross profit | $ | 395 | $ | 445 | ||||
Magnesia Specialties Business | ||||||||
Gross profit | $ | 100 | $ | 110 |