US Concrete (USCR) Tops Q2 EPS by 9c, Slight Miss on Revenues

US Concrete (NASDAQ: USCR) reported Q2 EPS of $0.95, $0.09 better than the analyst estimate of $0.86. Revenue for the quarter came in at $340.9 million versus the consensus estimate of $341.14 million.

Second Quarter 2017 Highlights Compared to Second Quarter 2016

• Consolidated revenue increased 23.6% to $340.9 million
• Ready-mixed concrete revenue increased 24.8% to $310.1 million
• Ready-mixed concrete average sales price improved 4.2% to $134.43 per cubic yard
• Aggregate products revenue increased 19.0% to $22.8 million
• Aggregate products average sales price improved 7.5% to $12.86 per ton
• Net loss per diluted share of $0.15 compared to net loss per diluted share of $0.23
• Adjusted Net Income from Continuing Operations per Diluted Share of $0.95 compared to $0.541
• Loss from continuing operations of $2.2 million compared to loss from continuing operations of $3.3 million
• Loss from continuing operations margin of 0.6% compared to loss from continuing operations margin of 1.2%
• Total Adjusted EBITDA increased 55.4% to $53.0 million1
• Total Adjusted EBITDA margin of 15.5% compared to 12.4%1
• Generated net cash provided by operating activities of $23.6 million compared to $15.5 million and Adjusted Free Cash Flow of $16.6 million1 compared to $4.2 million

For earnings history and earnings-related data on US Concrete (USCR) click here.

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