U.S. Concrete Announces Third Quarter 2019 Results

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

us-concrete-logo

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.
A conference call will be held this morning at 10:00 a.m. Eastern Time (9:00 a.m. Central Time), in conjunction with our earnings release. To access the call, visit https://edge.media-server.com/mmc/p/6xggm4fc. Please visit the website at least 15 minutes before the call begins to register, download and install any necessary audio software.

Topics: In the news, U.S. Concrete