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On Monday, May 2, cement truck drivers employed by King’s Ready Mix in Cedar Rapids, Iowa, began to strike, after unanimously rejecting a contract proposal by the company. ....
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Operator Good day and thank you for standing by. Welcome to the US Concrete Incorporated First Quarter 2021 Earnings Conference Call. At this time all participants are in listen only mode. After the speaker s presentation, there will be a question-and-answer session. [Operator Instructions] Now, I would like to hand the conference over to your speaker for today. Ms. Sharon Ellis, Vice President of Investor Relations. Ma am, the floor is yours. Sharon Ellis Vice President of Investor Relations Thank you, Carl, and welcome to us concrete first quarter earnings call. We appreciate your interest in our company. 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. ....
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, diversifie ....