Martin Marietta Materials revenue increased 18 percent in the second quarter as the company shipped 3 percent more materials than it did during the same period in 2011.
Raleigh-based Martin Marietta had revenues of $545.7 million in quarter. That beat the $514 million that Wall Street analysts had forecast.
Net sales also increased 20 percent to $491.2 million.
But the company's earnings per share missed Wall Street estimates.
Excluding business development charges, Martin Marietta reported earnings per diluted share of 92 cents in the quarter. The consensus among analysts who cover the company was earnings per share of $1.01.
Martin Marietta produces rock, gravel and other materials used to build roads, subdivisions and commercial buildings.
Late last year Martin Marietta made an unsolicited bid for its rival Vulcan Materials.
Martin Marietta was forced to halt all efforts to acquire Vulcan in May after a Delaware judge ruled that the company violated a 2010 confidentiality agreement with Vulcan in making its hostile takeover bid in December.
The judge ordered Martin Marietta to terminate its exchange offer for Vulcan and halt all activity related to the bid for four months.
Earlier this month the credit rating agency Moody's downgraded Martin Marietta Materials to junk status, partially in response to the company's hostile takeover bid of Vulcan.
Martin Marietta's performance is closely tied to government expenditures on road projects. In a statement, CEO Ward Nye noted that the company's shipments are likely to increase in the coming years thanks to a two-year federal surface transportation bill that recently passed.
"The bill provides highway expenditures at current levels, $40 billion per year, with modest increases to reflect projected inflation and reform provisions," Nye said.
"The funding provided by this multi-year bill brings a degree of fiscal certainty to those states, counties and municipalities that were subjected to a series of short-term continuing Federal resolutions since 2009 and hesitant to initiate needed infrastructure projects."
Martin Marietta shares closed Monday at $78. The stock is up 3 percent this year.