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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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Topics: In the news, U.S. Concrete

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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U.S. Concrete's CEO, Bill Sandbrook, sits down with Jim Cramer on CNBC's Mad Money

Posted by U.S. Concrete on Dec 7, 2018 8:34:55 AM

U.S. Concrete CEO sees path to infrastructure bill 'in the next two years'

Watch the interview between Bill and Jim where they discuss the following:

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Topics: In the news, U.S. Concrete

Watch U.S. Concrete's CEO Tonight on Jim Cramer's Mad Money on CNBC at 6pm ET

Posted by U.S. Concrete on Dec 6, 2018 2:39:36 PM

Tune-in tonight at 6pm ET on CNBC - https://www.cnbc.com/mad-money/ 

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Topics: In the news, U.S. Concrete

U.S. Concrete Supports President Trump's Workforce Development

Posted by U.S. Concrete on Nov 1, 2018 5:03:06 PM

On Wednesday, U.S. Concrete CEO Bill Sandbrook and employees from Superior Concrete Materials, U.S. Concrete's Washington, D.C. business unit, joined President Trump for his Pledge to America’s Workers event. Companies and organizations from across the country are backing the President and signing the pledge to the American worker, to educate and train more than six million workers.

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Topics: In the news, U.S. Concrete

U.S. Concrete Announces Third Quarter 2018 Results

Posted by U.S. Concrete on Nov 1, 2018 6:42:19 AM

EULESS, Texas, Nov. 1, 2018 -- 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 quarter ended September 30, 2018.

THIRD QUARTER 2018 HIGHLIGHTS COMPARED TO THIRD QUARTER 2017

  • Consolidated revenue increased 14.0% to $404.3 million, an all-time quarterly high
  • Ready-mixed concrete revenue increased 7.0% to $346.2 million
  • Ready-mixed concrete volume grew by 5.8%
  • Aggregate products revenue increased 155.4% to $53.5 million, an all-time quarterly high
  • Aggregate products volume increased 113.8% to 3.2 million tons, an all-time quarterly high
  • Polaris Materials acquisition contributed revenue and volume of $28.2 million and 1.6 million tons, respectively, both all-time quarterly highs
  • Ready-mixed concrete backlog increased 1.9% to 8.1 million cubic yards
  • Net cash provided by operating activities increased $11.3 million to $42.4 million
  • Adjusted Free Cash Flow increased $29.1 million to $45.5 million

See complete release here.>>

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Topics: In the news, U.S. Concrete

U.S. Concrete Strengthens Aggregates Operations with Strategic Acquisition in Texas

Posted by U.S. Concrete on Sep 6, 2018 8:43:23 AM
Acquires Proctor-based sand and gravel producer Leon River Aggregate Materials, LLC

Also completes divestiture of lime slurry assets in Dallas/Fort Worth Metroplex

EULESS, Texas, Sept. 6, 2018 -- U.S. Concrete, Inc. (NASDAQ: USCR) ("U.S. Concrete" or the "Company"), a leading national supplier of ready-mixed concrete and aggregates, today announced that it has expanded its aggregates business in Texas with the acquisition of Leon River Aggregate Materials, LLC ("Leon River"), a sand and gravel producer based in Proctor, Texas. The acquisition adds over 400 acres of land with reserves to the Company's operations and a state-of-the-art processing plant to achieve the highest efficiencies.

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Topics: In the news, U.S. Concrete

U.S. Concrete Awarded Permit Allowing for Major Increase in Aggregates Delivered to its Long Beach, California Terminal

Posted by U.S. Concrete on Sep 5, 2018 8:03:34 AM

 

EULESS, Texas, Sept. 5, 2018 -- U.S. Concrete, Inc. (NASDAQ: USCR) ("U.S. Concrete" or the "Company"), a leading national supplier of ready-mixed concrete and aggregates, today announced that its wholly owned subsidiary, Polaris Materials ("Polaris"), has obtained the necessary permits to increase the amount of aggregates it imports at its terminal located in Long Beach, California. As a result of the new permit, Polaris is now able to deliver up to two million tons of highly specified aggregates annually, effectively doubling its throughput capacity in supply-constrained Southern California.

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Topics: In the news, U.S. Concrete

Central Concrete Adopts CarbonCure Technology, Further Reducing the Carbon Footprint of Concrete

Posted by U.S. Concrete on Aug 21, 2018 10:29:20 AM

Investment continues Central Concrete’s legacy of creating affordable, stronger, greener concrete.

SAN JOSE, Calif., August 21, 2018 — Central Concrete Supply Co., Inc. (“Central Concrete”), a northern California business unit of U.S. Concrete, Inc. (NASDAQ:USCR) (“U.S. Concrete” or the “Company”)  announced that it has adopted the CarbonCure Technology to further reduce the carbon footprint of its concrete mixes. This investment continues Central Concrete’s legacy of designing and delivering high-performance, low-carbon mixes. 

 

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Topics: National Research Laboratory, Central Concrete