CEO Bill Sandbrook on CNBC's Squawk on the Street

Posted by U.S. Concrete on Dec 19, 2016 11:05:59 AM

U.S. Concrete CEO Bill Sandbrook visited with CNBC's Squawk on the Street to discuss how a Trump presidency could potentially impact the company. The Trump administration has promised an infrastructure spending initiative that could total as much as $1 trillion. The infrastructure plan would be all-encompassing, including the restructuring of highways and — most notably — airports.

In the interview, Sandbrook said he's optimistic that the government would follow through with the infrastructure plan and that the company could benefit from an influx of government spending. As far as specific projects are concerned, he notes that his business bids to subcontractors, who then bid to contractors for individual projects. Sandbrook also explains that less than 20 percent of U.S. Concrete's revenue derives from infrastruture, and that the company should still thrive on current projects regardless of the developments in Washington D.C. 

Talk of the potential border wall between Mexico and the United States has been buzzing in media outlets, but Sandbrook believes that other infrastructure projects will be as or more significant. He also expands on the potential benefits of a more lenient Trump tax policy, which would allow the company to invest in more plants and capital equipment. 

You can watch the entire interview here: http://video.cnbc.com/gallery/?video=3000577362 

 

 

 

 

Topics: In the news, U.S. Concrete