US Concrete (USCR) Misses Q1 EPS by 38c, Beats on Revenues

US Concrete (NASDAQ: USCR) reported Q1 EPS of $0.18, $0.38 worse than the analyst estimate of $0.56. Revenue for the quarter came in at $327.8 million versus the consensus estimate of $320.56 million.

FIRST QUARTER 2018 HIGHLIGHTS COMPARED TO FIRST QUARTER 2017

• Consolidated revenue increased 9.6% to $327.8 million
• Ready-mixed concrete revenue increased 5.0% to $289.2 million
• Ready-mixed concrete average sales price improved 2.0% to $136.99 per cubic yard
• Aggregate products revenue increased 83.3% to $32.7 million
• Aggregate products average sales price increased 14.1% to $14.36 per ton
• Completed three acquisitions, including ready-mixed concrete plants in key growth markets enhancing the Company\'s established presence in the New York metro and Philadelphia regions, and ready-mixed concrete plants and aggregate reserves within Texas, which increased vertical integration
• Ready-mixed concrete backlog increased 11.0% to an all-time high of 8.2 million cubic yards

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

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