US Concrete (USCR) Tops Q4 Expectations on Top and Bottom
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U.S. Concrete Reports Fourth Quarter and Full Year 2015 Results
March 3, 2016 6:00 AM ESTEULESS, TX -- (Marketwired) -- 03/03/16 -- Fourth Quarter 2015 Highlights Compared to Fourth Quarter 2014
Adjusted earnings per diluted share increased 80.4% to $0.92 Adjusted EBITDA increased 72.1% to $32.7 million Adjusted EBITDA margin improved 180 basis points to 12.4% Consolidated revenue grew 46.8% to $263.6 million Ready-mixed concrete revenue increased 50.0% to $238.1 million Ready-mixed concrete sales volume rose 37.5% to approximately 1.9 million cubic yards Ready-mixed concrete average sales price improved 9.0% to $125.41 per cubic yard Aggregate products revenue increased 20.1% to $16.9 million Aggregate products segment adjusted EBITDA margin improved 490 basis points to 27.3%... More