U.S. Concrete Board of Directors Nominates Rajan C. Penkar to the Company's Board of Directors

Posted by U.S. Concrete on Mar 5, 2020 4:55:39 PM

EULESS, Texas,March 5, 2020 -- U.S. Concrete, Inc.(NASDAQ: USCR) ("U.S. Concrete" or the "Company") announced today that its Board of Directors ("Board") has nominated Rajan C. Penkar for election to join the Company's Board of Directors. The election will take place at the Company's annual meeting of stockholders in May 2020.

"Mr. Penkar's extensive experience in logistics and sourcing brings a unique set of qualities to the Company's Board and I believe he will help further drive shareholder value, if elected," said U.S. Concrete Lead Independent Director of the Board, Michael D. Lundin. "Raj's diverse background in technology and e-commerce will support the Company's major investment in and strategic focus on innovation through its suite of dispatching and cloud-based apps, including Where's My Concrete?®. His experience in all aspects of the supply chain including global sourcing, retail and e-commerce distribution and fulfillment, global transportation, and inventory management will enhance the Company's operations and deliveries, further building the value-proposition."

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Topics: In the news, U.S. Concrete

U.S. Concrete Reports Strategic Acquisition And 2019 Full Year And Fourth Quarter Results

Posted by U.S. Concrete on Feb 25, 2020 6:05:28 AM

William J. Sandbrook, Chairman and Chief Executive Officer of U.S. Concrete, Inc.stated, "Today we are excited to announce the completion of our most recent aggregates acquisition, Coram Materials Corp., for a purchase price of $142 million, which significantly expands our East Coast aggregates portfolio. The acquisition should produce a margin profile in excess of the Company's average within the first full year of ownership. Post synergies, which we expect to achieve within two years, the deal represents a multiple of approximately 7 times EBITDA. This acquisition possesses significant, premium sand reserves that will provide us with self-sufficiency in meeting our sand supply needs to our ready-mixed concrete operations in New York City as well as providing external sales to third party customers. Coram's 50 million tons of reserves, located in the quickly depleting Long Island sand market, increases the vertical integration of our New York operations, strengthens our competitive position and advances the continuation of our strategy of expanding into higher margin aggregates businesses. Following our successful Polaris acquisition, we continue to seek out accretive opportunities of coupling the pull through capabilities of our large regional footprints of ready-mixed concrete operations with attractive aggregate assets."

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Topics: U.S. Concrete

U.S. Concrete Announces Retirement of William J. Sandbrook as CEO and Succession of Ronnie Pruitt as CEO

Posted by U.S. Concrete on Feb 13, 2020 7:29:08 AM

U.S. Concrete, Inc. (NASDAQ: USCR), today announced that William J. Sandbrook has notified the Company's Board of Directors of his decision to retire as Chief Executive Officer effective April 3, 2020. Mr. Sandbrook will continue to serve as the Company's Chairman of the Board until the Company's annual meeting of stockholders in May 2020. Mr. Sandbrook will stand for reelection as a director at the annual meeting. To ensure an orderly transition of his duties, Mr. Sandbrook will provide consulting services to the Company pursuant to a one-year consulting agreement, which may be extended by mutual agreement. The Company also announced that Ronnie Pruitt, the Company's President and Chief Operating Officer, has been named Chief Executive Officer and President effective as of April 3, 2020.

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U.S. Concrete Announces Fourth Quarter And Full Year 2019 Earnings Release And Conference Call Schedule

Posted by U.S. Concrete on Feb 12, 2020 8:25:04 AM

U.S. Concrete, Inc. (NASDAQ:USCR) plans to release fourth quarter and full year 2019 results on Tuesday, February 25, 2020 at 6:00 a.m. Eastern Time.  In conjunction with the release, U.S. Concrete has scheduled an investor conference call which will be held on Tuesday, February 25, 2020 at 8:30 a.m. Eastern Time (7:30 a.m. Central Time).

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U.S. Concrete Announces Third Quarter 2019 Results

Posted by U.S. Concrete on Nov 8, 2019 8:14:03 AM



U.S. Concrete Announces Third Quarter 2019 Results
  • Consolidated revenue increased 1.1% from last year's third quarter to $408.9 million, an all-time quarterly high;
  • Ready-mixed concrete revenue increased 2.3% from last year's third quarter to $354.1 million, an all-time quarterly high;
  • Operating income was $33.3 million; Adjusted Gross Profit2 increased 9.9% to $87.7 million compared to last year's third quarter; Adjusted Gross Profit Margin2 increased to 21.4% from 19.7% in last year's third quarter;
  • Net income was $13.6 million; Total Adjusted EBITDA2 increased 15.6% from last year's third quarter to $62.1 million, an all-time quarterly high; Total Adjusted EBITDA Margin2 increased to 15.2% from 13.3% in last year's third quarter.
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Topics: In the news, U.S. Concrete

U.S. Concrete Announces Second Quarter 2019 Results

Posted by U.S. Concrete on Aug 9, 2019 7:53:27 AM

SECOND QUARTER 2019 RESULTS1

  • Total consolidated revenue was $367.5 million
  • Aggregate products revenue of $49.5 million on sales volume of 2.9 million tons increased 2.1% compared to last year's second quarter
  • Aggregate products average sales price of $11.83 per ton increased 6.5% compared to last year's second quarter
  • Ready-mixed concrete revenue was $314 million on sales volume of 2.3 million cubic yards
  • Ready-mixed concrete average sales price of $138.40 per cubic yard increased 4.0% compared to last year's second quarter
  • Net income was $0.9 million and Total Adjusted EBITDA2 was $42.0 million
  • Cash provided by operating activities was $18.7 million
  • Adjusted Free Cash Flow2 of $14.1 million increased 29.4% compared to last year's second quarter

Read the full press release here>>

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Topics: In the news, U.S. Concrete

Watch U.S. Concrete Chairman and CEO, Bill Sandbrook, on Fox Business Network

Posted by U.S. Concrete on Jun 6, 2019 1:57:03 PM

Liz Claman will host Bill Sandbrook today at 3:00pm ET on her hit show, Countdown to the Closing Bell. Liz is producing a special segment on the state of America's infrastructure and will discuss how to get it fixed. Bill is a previous guest and a frequent on-air contributor to the Fox Business Network. U.S. Concrete's ability to deliver concrete to meet stringent specifications and success on major infrastructure projects across the country makes Bill a highly sought after guest. Tune in to Fox Business soon to watch.

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U.S. Concrete Announces First Quarter 2019 Results And Affirms Full Year Guidance

Posted by U.S. Concrete on May 9, 2019 8:13:05 AM


FIRST QUARTER 2019 HIGHLIGHTS COMPARED TO FIRST QUARTER 2018

  • Consolidated revenue increased 1.6% to $333.1 million
  • Ready-mixed concrete revenue increased 0.4% to $290.4 million
  • Aggregate products revenue increased 25.4% to $42.9 million
  • Aggregate products volume increased 17.0% to 2.5 million tons
  • Operating income increased to $7.9 million and operating income margin increased to 2.4%
  • Adjusted Gross Profit2 increased 4.8% to $64.7 million and Adjusted Gross Profit Margin increased to 19.4%

Read the full press release here>>

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Topics: In the news, U.S. Concrete

U.S. Concrete Announces Full Year 2018 And Fourth Quarter Results

Posted by U.S. Concrete on Feb 26, 2019 8:35:58 AM

EULESS, Texas, Feb. 26, 2019 -- U.S. Concrete, Inc. (NASDAQ: USCR), a leading producer of construction materials in select major markets across the United States, today reported results for the full year and quarter ended December 31, 2018.

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U.S. Concrete's New Army West Point Tribute Truck Makes its Debut

Posted by U.S. Concrete on Dec 7, 2018 11:13:38 AM

In honor of our CEO's military service and all of the cadets from the United States Military Academy at West Point, U.S. Concrete New York painted one of its trucks as a tribute. Most fitting, the truck is making its debut at the annual Army/Navy college football game in Philadelphia. The truck, seen here in front of The Union League of Philadelphia, will stay throughout the game weekend. 

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