Subtext

Martin Marietta Materials, Inc. MLM

SectorMaterials
Transcripts45
Date range2014-04-29 – 2025-04-30
Calls charted45

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-13-6+0+6+132014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1 · Overall: +3.22014 Q2 · Overall: +4.42014 Q3 · Overall: +1.92014 Q4 · Overall: +4.42015 Q1 · Overall: +3.62015 Q2 · Overall: +0.92015 Q3 · Overall: +3.82015 Q4 · Overall: +5.82016 Q1 · Overall: +10.22016 Q2 · Overall: +6.02016 Q3 · Overall: +6.12016 Q4 · Overall: +6.62017 Q1 · Overall: +8.12017 Q2 · Overall: +4.02017 Q3 · Overall: +0.42017 Q4 · Overall: +6.52018 Q1 · Overall: +3.92018 Q2 · Overall: +4.52018 Q3 · Overall: +10.12018 Q4 · Overall: +10.42019 Q1 · Overall: +7.52019 Q2 · Overall: +10.02019 Q3 · Overall: +9.22019 Q4 · Overall: +5.92020 Q1 · Overall: +1.82020 Q2 · Overall: +8.82020 Q3 · Overall: +6.52020 Q4 · Overall: +6.72021 Q1 · Overall: +8.42021 Q2 · Overall: +11.02021 Q3 · Overall: +6.02021 Q4 · Overall: +8.12022 Q1 · Overall: +8.32022 Q2 · Overall: +2.62022 Q3 · Overall: -1.42022 Q4 · Overall: +0.52023 Q1 · Overall: +2.02023 Q2 · Overall: +4.22023 Q3 · Overall: +3.32023 Q4 · Overall: +1.22024 Q1 · Overall: +2.42024 Q2 · Overall: +3.72024 Q3 · Overall: +1.72024 Q4 · Overall: +5.52025 Q1 · Overall: +5.0
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-40-20+0+20+402014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1 · CEO: +5.92014 Q2 · CEO: +5.72014 Q3 · CEO: +6.32014 Q4 · CEO: +8.52015 Q1 · CEO: +6.42015 Q4 · CEO: +7.62016 Q2 · CEO: +7.62016 Q3 · CEO: +8.52016 Q4 · CEO: +8.92017 Q1 · CEO: +9.12017 Q2 · CEO: +5.92017 Q3 · CEO: +2.62017 Q4 · CEO: +10.62018 Q1 · CEO: +4.92018 Q2 · CEO: +5.92018 Q3 · CEO: +13.92018 Q4 · CEO: +13.62019 Q1 · CEO: +9.32019 Q2 · CEO: +10.42019 Q3 · CEO: +13.12019 Q4 · CEO: +8.12020 Q1 · CEO: +3.52020 Q2 · CEO: +11.22020 Q3 · CEO: +7.92020 Q4 · CEO: +8.82021 Q1 · CEO: +8.02021 Q2 · CEO: +12.72021 Q3 · CEO: +8.32021 Q4 · CEO: +11.62022 Q1 · CEO: +12.42022 Q2 · CEO: +7.22022 Q3 · CEO: +1.22022 Q4 · CEO: +2.32023 Q1 · CEO: +5.52023 Q2 · CEO: +4.72023 Q3 · CEO: +4.42023 Q4 · CEO: +4.02024 Q1 · CEO: +7.92024 Q2 · CEO: +5.52024 Q3 · CEO: +5.52025 Q1 · CEO: +5.52014 Q1 · CFO: +1.92014 Q2 · CFO: +5.82014 Q3 · CFO: +3.12014 Q4 · CFO: -3.52015 Q1 · CFO: +8.02015 Q2 · CFO: +0.02015 Q3 · CFO: -11.82015 Q4 · CFO: +0.02016 Q1 · CFO: +11.72016 Q2 · CFO: -7.02016 Q3 · CFO: +2.42016 Q4 · CFO: +0.02017 Q2 · CFO: +7.62017 Q3 · CFO: -13.22017 Q4 · CFO: -8.22018 Q1 · CFO: -1.92018 Q2 · CFO: +10.22018 Q3 · CFO: +13.42018 Q4 · CFO: +11.22019 Q1 · CFO: +12.12019 Q2 · CFO: +14.52019 Q3 · CFO: +9.52019 Q4 · CFO: +13.42020 Q1 · CFO: +11.72020 Q2 · CFO: +25.12020 Q3 · CFO: +33.02020 Q4 · CFO: +26.82021 Q1 · CFO: +35.22021 Q2 · CFO: +14.62021 Q3 · CFO: +1.02021 Q4 · CFO: +6.52022 Q1 · CFO: +3.22022 Q2 · CFO: -1.72022 Q3 · CFO: -1.82022 Q4 · CFO: +6.02023 Q1 · CFO: +0.02023 Q2 · CFO: +5.22023 Q3 · CFO: +2.12024 Q1 · CFO: +5.92024 Q2 · CFO: +8.42024 Q3 · CFO: +3.02025 Q1 · CFO: +18.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-38-19+0+19+382014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1 · Prepared remarks: +3.52014 Q2 · Prepared remarks: +11.62014 Q3 · Prepared remarks: +7.42014 Q4 · Prepared remarks: +12.72015 Q1 · Prepared remarks: +8.62015 Q2 · Prepared remarks: +3.72015 Q3 · Prepared remarks: +8.32015 Q4 · Prepared remarks: +16.82016 Q1 · Prepared remarks: +23.42016 Q2 · Prepared remarks: +14.82016 Q3 · Prepared remarks: +10.82016 Q4 · Prepared remarks: +16.12017 Q1 · Prepared remarks: +17.72017 Q2 · Prepared remarks: +15.42017 Q3 · Prepared remarks: +0.42017 Q4 · Prepared remarks: +16.32018 Q1 · Prepared remarks: +4.02018 Q2 · Prepared remarks: +11.52018 Q3 · Prepared remarks: +12.42018 Q4 · Prepared remarks: +23.32019 Q1 · Prepared remarks: +22.72019 Q2 · Prepared remarks: +20.22019 Q3 · Prepared remarks: +27.02019 Q4 · Prepared remarks: +20.92020 Q1 · Prepared remarks: +7.72020 Q2 · Prepared remarks: +13.02020 Q3 · Prepared remarks: +14.02020 Q4 · Prepared remarks: +26.72021 Q1 · Prepared remarks: +21.32021 Q2 · Prepared remarks: +16.92021 Q3 · Prepared remarks: +13.02021 Q4 · Prepared remarks: +18.22022 Q1 · Prepared remarks: +15.42022 Q2 · Prepared remarks: +8.22022 Q3 · Prepared remarks: +3.02022 Q4 · Prepared remarks: +4.22023 Q1 · Prepared remarks: +2.72023 Q2 · Prepared remarks: +5.02023 Q3 · Prepared remarks: +10.52023 Q4 · Prepared remarks: +5.92024 Q1 · Prepared remarks: +33.22024 Q2 · Prepared remarks: +7.62024 Q3 · Prepared remarks: +4.92024 Q4 · Prepared remarks: +22.02025 Q1 · Prepared remarks: +15.72014 Q1 · Q&A responses: +6.32014 Q2 · Q&A responses: +1.42014 Q3 · Q&A responses: +5.82014 Q4 · Q&A responses: +2.92015 Q1 · Q&A responses: +5.52015 Q2 · Q&A responses: +0.92015 Q3 · Q&A responses: +6.92015 Q4 · Q&A responses: +3.72016 Q1 · Q&A responses: +8.12016 Q2 · Q&A responses: +4.22016 Q3 · Q&A responses: +7.12016 Q4 · Q&A responses: +5.22017 Q1 · Q&A responses: +6.32017 Q2 · Q&A responses: +1.12017 Q3 · Q&A responses: +2.82017 Q4 · Q&A responses: +6.22018 Q1 · Q&A responses: +4.32018 Q2 · Q&A responses: +4.62018 Q3 · Q&A responses: +13.82018 Q4 · Q&A responses: +6.72019 Q1 · Q&A responses: +5.02019 Q2 · Q&A responses: +7.12019 Q3 · Q&A responses: +6.22019 Q4 · Q&A responses: +2.62020 Q1 · Q&A responses: +2.72020 Q2 · Q&A responses: +11.32020 Q3 · Q&A responses: +7.32020 Q4 · Q&A responses: +5.02021 Q1 · Q&A responses: +6.32021 Q2 · Q&A responses: +9.32021 Q3 · Q&A responses: +4.92021 Q4 · Q&A responses: +6.42022 Q1 · Q&A responses: +9.32022 Q2 · Q&A responses: +3.82022 Q3 · Q&A responses: -0.62022 Q4 · Q&A responses: +1.82023 Q1 · Q&A responses: +4.72023 Q2 · Q&A responses: +4.22023 Q3 · Q&A responses: +0.62023 Q4 · Q&A responses: +1.92024 Q1 · Q&A responses: +6.92024 Q2 · Q&A responses: +4.62024 Q3 · Q&A responses: +4.42024 Q4 · Q&A responses: +3.52025 Q1 · Q&A responses: +3.7
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$2.71$13.71$24.722014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1: $4.222014 Q2: $4.632014 Q3: $5.112014 Q4: $5.192015 Q1: $5.662015 Q2: $6.472015 Q3: $6.852015 Q4: $6.982016 Q1: $7.182016 Q2: $8.552016 Q3: $9.072016 Q4: $9.102017 Q1: $8.802017 Q2: $9.442017 Q3: $9.622017 Q4: $8.752018 Q1: $9.202018 Q2: $10.302018 Q3: $10.752018 Q4: $9.732019 Q1: $9.432019 Q2: $10.072019 Q3: $10.782019 Q4: $11.742020 Q1: $11.892020 Q2: $9.082020 Q3: $9.962020 Q4: $10.422021 Q1: $11.652021 Q2: $13.132021 Q3: $13.592021 Q4: $14.852022 Q1: $14.402022 Q2: $15.212022 Q3: $15.392022 Q4: $15.202023 Q1: $15.462023 Q2: $17.252023 Q3: $19.552023 Q4: $20.912024 Q1: $21.852024 Q2: $23.202024 Q3: $21.39

Forward P/E

11.2121.3031.382014 Q12015 Q32017 Q12018 Q32020 Q12021 Q32023 Q12024 Q32014 Q1: 29.992014 Q2: 28.972014 Q3: 25.132014 Q4: 21.442015 Q1: 25.162015 Q2: 22.392015 Q3: 25.762015 Q4: 21.162016 Q1: 21.452016 Q2: 21.472016 Q3: 19.552016 Q4: 24.372017 Q1: 24.322017 Q2: 24.462017 Q3: 21.142017 Q4: 23.772018 Q1: 22.482018 Q2: 22.322018 Q3: 18.252018 Q4: 17.642019 Q1: 20.232019 Q2: 22.062019 Q3: 24.892019 Q4: 23.392020 Q1: 12.602020 Q2: 23.212020 Q3: 22.602020 Q4: 25.172021 Q1: 29.172021 Q2: 26.122021 Q3: 26.592021 Q4: 29.682022 Q1: 26.332022 Q2: 20.932022 Q3: 21.592022 Q4: 24.062023 Q1: 21.042023 Q2: 24.692023 Q3: 22.202023 Q4: 23.332024 Q1: 27.692024 Q2: 24.072024 Q3: 24.96

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q3 tone ↓ -2.5 fwd EPS ↑ +0.48 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q2 tone ↓ -2.6 fwd EPS ↑ +0.81 Tone cooled even as the forward EPS estimate rose.
  • 2016 Q2 tone ↓ -4.2 fwd EPS ↑ +1.37 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q2 tone ↓ -4.1 fwd EPS ↑ +0.64 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q3 tone ↓ -3.6 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↑ +6.1 fwd EPS ↓ -0.87 Tone rose while the forward EPS estimate was cut.
  • 2018 Q1 tone ↓ -2.7 fwd EPS ↑ +0.45 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q4 tone ↓ -3.3 fwd EPS ↑ +0.96 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -4.1 fwd EPS ↑ +0.15 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↑ +6.9 fwd EPS ↓ -2.81 Tone rose while the forward EPS estimate was cut.
  • 2020 Q3 tone ↓ -2.2 fwd EPS ↑ +0.88 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -5.0 fwd EPS ↑ +0.46 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -5.7 fwd EPS ↑ +0.82 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -4.0 fwd EPS ↑ +0.18 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↓ -2.1 fwd EPS ↑ +1.36 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-30+5.0——View →
2024 Q42025-02-12+5.5——View →
2024 Q32024-10-30+1.7$21.3925.0View →
2024 Q22024-08-08+3.7$23.2024.1View →
2024 Q12024-04-30+2.4$21.8527.7View →
2023 Q42024-02-14+1.2$20.9123.3View →
2023 Q32023-11-01+3.3$19.5522.2View →
2023 Q22023-07-27+4.2$17.2524.7View →