Overview
- Net earnings from continuing operations rose 22% to $361 million, with revenue up 12% to $1.85 billion for the quarter ended Sept. 30.
- Management raised the annual adjusted EBITDA forecast to a midpoint of $2.32 billion, citing strong year-to-date performance and healthy aggregates shipments.
- Aggregates delivered record results, with revenue up 17% to $1.46 billion, average selling price up 8% to $23.24 per ton, and shipments up 8%.
- Full-year sales guidance was lowered to $6.075 billion to $6.25 billion, presenting a more conservative top-line view for 2025.
- Following an asset exchange with Quikrete, the Midlothian cement plant and related North Texas assets were classified as discontinued operations; total revenue including those assets was $2.09 billion versus $2.06 billion expected by LSEG.