Martin Marietta Materials, Inc. announced a 38 percent increase in net income for the third quarter, beating estimates and setting quarterly records for revenue, gross profit, adjusted EBITDA and earnings per share, the company said in a statement Tuesday.

The Raleigh-based construction materials company reported earnings of $3.96 per share, up from $2.85 a year ago and surpassing estimates of $3.52. The company attributed the gain to strength across its product lines.

Revenue also surpassed expectations, topping $1.42 billion and beating estimates calling for $1.34 billion.

“These record-setting third-quarter results, driven by broad-based improvements in shipments, pricing and profitability across the majority of our building materials business, reflect the disciplined execution of our strategic plan and our team’s unrelenting commitment to operational excellence,” said Ward Nye, president and chief executive officer of Martin Marietta.

Martin Marietta is raising its outlook for the remainder of 2019 on the strong results, according to the statement.

Martin Marietta is a supplier of building materials including cement, concrete and asphalt with operations in 27 states, Canada and the Bahamas.

Shares of Martin Marietta were trading at $266.98 on Tuesday, down $2.07.

The press release can be found here.