Latest Breaking News On - எங்களுக்கு கான்கிரீட் இன்க் - Page 7 : comparemela.com
U S Concrete Completes Purchase Of Bay Area Cementitious Terminal
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
U S Concrete Announces Change To Its Board Of Directors
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Share this article
EULESS, Texas, March 17, 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 purchased fee simple property and the underlying royalty agreement associated with the Orca Quarry ( Orca ) on Vancouver Island, British Columbia, Canada. The acquisition includes approximately 1,551 acres in four parcels of previously leased land. Since the Polaris Materials acquisition in 2017, our strategic direction has been to grow our aggregates profitability and this acquisition eliminates the royalty agreement which immediately improves our aggregates margin and cash generation, said Ronnie Pruitt, U.S. Concrete President and Chief Executive Officer. We take pride in being a disciplined buyer and this purchase provides an extremely attractive multiple. I am confident that Polaris, like all of our aggregates segment expansions, will
Operator
Ladies and gentlemen, thank you for standing by and welcome to the US Concrete Fourth Quarter and Full Year 2020 Earnings Conference Call. I d now like to hand the call over to Sharon Ellis, Vice President of Investor Relations. Thank you. Please go ahead.
Sharon Ellis
Vice President of Investor Relations
Thank you, operator. Good morning and welcome to US concrete s Fourth Quarter Earnings Call. Joining me on the call today are Ronnie Pruitt, our President and Chief Executive Officer and; John Kunz, our Senior Vice President and Chief Financial Officer. Ronnie and John will make some prepared remarks, after which we will open the call to questions. As detailed on page two of our company s presentation, today s call will include forward-looking statements as defined by the US Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially. Exc
U S Concrete: 4Q Earnings Snapshot
theparisnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theparisnews.com Daily Mail and Mail on Sunday newspapers.