Martin Marietta Materials Inc.'s (MLM) second-quarter net earnings attributable to the company improved to $36.8 million or $0.80 per share, from $35.8 million or $0.78 per share last year.
Adjusted earnings per share were $0.92 in the latest quarter, excluding a $0.12 per share charge for business development expenses. On average, 14 analysts polled by Thomson Reuters expected earnings per share of $1.01 for the quarter. Analysts' estimates typically exclude one-time items.
The company reported consolidated net sales of $491.2 million, compared with prior-year quarter's $409.6 million, with total revenues rising to $545.7 million from $462.4 million in 2011. Analysts estimated revenues of $531.40 million for the quarter.
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