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.>>

Topics: U.S. Concrete, In the news