US Edition Revenue was down 6pc to £378.1m last year, after the building materials market weakened in line with the slump in housebuilding.
"Low consumer confidence continues to impact the domestic market, and the short-term winter weather conditions and the actions of distributors to reduce their inventories is distorting the underlying picture further," said chief executive Graham Holden.
However, the group's share price rose 3 – or 4pc – to 75p, after it revealed cost-cutting measures and identified "early evidence of significant opportunities offered by the London 2012 Olympics".
The company's public sector and commercial arm, accounting for 60pc of revenues, fared better than the group's private homes business.
Marshalls, which sponsors the Chelsea Flower Show, said it had noticed that older customers were tending to opt for home improvements rather than buying new houses.
The Yorkshire-based group last month announced plans to close two concrete plants, in North Wales and West Sussex.
The move put 135 jobs at risk at the UK's biggest supplier of domestic driveways and patios, which also closed concrete factories in Staffordshire and Nottinghamshire last year.
It will pay a dividend of 1.45p on July 3, taking the total dividend for the year to 6p per share.