| MLM |
Report |
Q2 2026 revenue |
BEAT |
pred ~$1.92B vs. cons $1.87B |
MEDIUM |
| MLM |
Report |
Q2 2026 adjusted EBITDA |
BEAT |
pred ~$660M vs. cons $645M |
MEDIUM |
| MLM |
Report |
Q2 2026 aggregates shipments |
BEAT |
pred ~59.8M tons vs. cons 59.0M tons |
MEDIUM |
| MLM |
Guide |
Adjusted EBITDA |
LOWER |
guide ~$2.50B vs. cons $2.51B (FY2026) |
MEDIUM |
| MLM |
Guide |
Revenue |
BETTER |
guide ~$7.35B vs. cons $7.33B (FY2026) |
MEDIUM |
| MLM |
Guide |
Organic aggregates volume growth |
BETTER |
guide ~3.0% vs. cons 2.8% (FY2026) |
MEDIUM |
| MLM |
Guide |
Organic aggregates ASP growth |
UNCHANGED |
guide ~4.5% vs. cons 4.5% (FY2026) |
MEDIUM |
| MLM |
Return |
Day-1 residual (stock − beta × S&P 500) |
+2.2% |
— |
MEDIUM |
| MLM |
Return |
5-day cumulative residual |
+0.8% (FADE) |
The operating beat and stronger shipment outlook should drive the initial gain, but FY2026 adjusted EBITDA guidance of ~$2.50B versus consensus of $2.51B implies limited estimate upside after incorporating New Frontier. Elevated diesel costs and Lhoist financing, dilution and leverage concerns should restrain out-period revisions and partially reverse the day-1 move. |
MEDIUM |