Martin Marietta (MLM) official guidance

What we said after Q1 was, "Hey, look, we understand diesel's elevated, but we're not changing our guide on COGS because we're pulling certain levers relative to network optimization that we think we can maintain that 3% COGS per ton guide."

Based on our strong H1 performance and continued momentum, we're raising our full year revenue guidance to $7.2 billion-$7.4 billion and reaffirming our adjusted EBITDA from continuing operations guidance of $2.36 billion-$2.5 billion.

You can almost apply that $50 million of gross profit pro rata across Q3 and Q4.

You can almost apply that $50 million of gross profit pro rata across Q3 and Q4.

On the organic ASP, look, we feel confident in the remaining quarters of our organic ASP guide starting to be in that mid-singles ZIP code.

You should assume organic volumes certainly trending towards the high end of the original guide.

Based on our strong H1 performance and continued momentum, we're raising our full year revenue guidance to $7.2 billion-$7.4 billion and reaffirming our adjusted EBITDA from continuing operations guidance of $2.36 billion-$2.5 billion.

If you think about the fact that we're going to consume, let's call it 55-ish million gallons of diesel fuel this year.

We feel like the overall impact from diesel headwinds, and that's including other items impacted by it, will be about $36 million in the aggregates business, probably $50 million for the entire company.

We feel like the overall impact from diesel headwinds, and that's including other items impacted by it, will be about $36 million in the aggregates business, probably $50 million for the entire company.

We're thinking about $20 million-$25 million of it coming through in Q2, given where spot rates are.

What I would say is on an organic basis, you know, our guide for the full year would still remain firmly intact, which would see, you know, ag gross profit of, call it, double digits for the year.

| ASP % growth3 | | 1.5 | % | | 2.5 | % | | 3.5 | % |

| Capital expenditures | $ | 550 | | $ | 575 | | $ | 600 | |

| Net earnings from continuing operations attributable to Martin   Marietta | $ | 1,062 | | $ | 1,115 | | $ | 1,168 | |

| Volume % growth2 | | 11.0 | % | | 12.0 | % | | 13.0 | % |

In line with these assumptions, we're guiding to 2026 consolidated Adjusted EBITDA of approximately $2.49 billion, inclusive of contributions from discontinued operations.

Taken together, these assumptions support our midpoint expectations of high single-digit growth in both revenues and Adjusted EBITDA from continuing operations.

But what you're seeing in the guide for next year, the $160 million of gross profit, that's the organic business that has run so well and so hard over the last three years.

Turning now to other product lines, we expect high teens gross profit growth in specialties, inclusive of acquisition contributions, while gross profit from other building materials is expected to remain relatively flat.