US Concrete (USCR) Misses Q3 EPS by 27c, Miss on Revenues

US Concrete (NASDAQ: USCR) reported Q3 EPS of $0.99, $0.27 worse than the analyst estimate of $1.26. Revenue for the quarter came in at $354.6 million versus the consensus estimate of $369 million.

Third Quarter 2017 Highlights Compared to Third Quarter 2016

• Consolidated revenue increased 7.9% to $354.6 million
• Ready-mixed concrete revenue increased 8.6% to $323.6 million
• Ready-mixed concrete average sales price improved 3.0% to $136.62 per cubic yard
• Aggregate products revenue decreased 5.3% to $21.0 million
• Aggregate products average sales price improved 2.7% to $12.25 per ton
• Income from continuing operations of $24.3 million compared to $38.1 million
• Total Adjusted EBITDA1 increased 1.3% to $54.7 million
• Net income per diluted share of $1.45 compared to $2.34
• Adjusted Net Income from Continuing Operations per Diluted Share1 of $0.99 compared to $1.19

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Algorhythm Holdings (RIME) Tops Q2 EPS by 54c
• Star Equity Holdings (STRR) Misses Q2 EPS by 8c