U.S. Concrete: Q1 Earnings Snapshot
May 6, 2021
FacebookTwitterEmail
EULESS, Texas (AP) U.S. Concrete Inc. (USCR) on Thursday reported a loss of $4.8 million in its first quarter.
On a per-share basis, the Euless, Texas-based company said it had a loss of 28 cents. Losses, adjusted for non-recurring gains, were 29 cents per share.
The concrete and aggregates producer posted revenue of $285.7 million in the period.
U.S. Concrete shares have increased 67% since the beginning of the year. The stock has more than tripled in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on USCR at https://www.zacks.com/ap/USCR
2 was 9.9%
Invested $28.7 million to purchase fee simple property and the underlying royalty agreement associated with the Orca Quarry on Vancouver Island, British Columbia, Canada ( Orca ), improving aggregate products profitability
(1)
(2)
Total Adjusted EBITDA and Total Adjusted EBITDA Margin are non-GAAP financial measures. Please refer to the reconciliations and other information at the end of this press release.
Ronnie Pruitt, President and Chief Executive Officer of U.S. Concrete, Inc. stated, Despite the challenges that we faced with significant winter weather during the first quarter, we are pleased with the progress we have made on our operational efficiencies and cost containment efforts. We are seeing an increase in bidding levels and project starts, which continue to point to a stronger second half of 2021. We are optimistic about the business outlook, as we see improved demand for our products with strong residential activity, diversified commercial needs
Share this article
EULESS, Texas, April 23, 2021 /PRNewswire/
U.S. Concrete, Inc. (NASDAQ: USCR) plans to release first quarter 2021 results on Thursday, May 6, 2021 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 Thursday, May 6, 2021 at 12:00 p.m. Eastern Time (11:00 a.m. Central Time).
CONFERENCE CALL AND WEBCAST DETAILS
To listen to the call, please dial (877) 312-8806 – Conference ID: 4478966 at least 20 minutes before the conference call begins and ask for the U.S. Concrete conference call. A live webcast of the conference call and accompanying presentation materials will be available on the Investor Relations section of the Company s website at www.us-concrete.com. Please visit the website at least 20 minutes before the call begins to register and download and install any necessary audio software.
Share this article
Share this article
EULESS, Texas, April 21, 2021 /PRNewswire/ U.S. Concrete, Inc. (NASDAQ: USCR), a leading supplier of aggregates and ready-mixed concrete in active construction markets across the country, announced today that it has acquired an operational cementitious terminal, bulk storage facility, and approximately eight and a half acres of land with access to the Port of Stockton, California. I am pleased to announce this strategic acquisition which provides better control of our supply chain and cementitious supply in the Bay Area, said Ronnie Pruitt, U.S. Concrete President and Chief Executive Officer. We expect that this acquisition will benefit our West Region in the short-term and provide long-term shareholder value. With the supply of our Orca aggregates through our existing Polaris terminal operations and now the addition of cementitious materials with this acquisition, we are building sourcing options into this market which will impro
Eight Top Housing Stocks to Buy Go Beyond Traditional Home Builders townhall.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from townhall.com Daily Mail and Mail on Sunday newspapers.