US Concrete (USCR) Tops Q1 EPS by 9c
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U.S. Concrete Announces 2016 First Quarter Results
May 5, 2016 6:00 AM EDTEULESS, TX -- (Marketwired) -- 05/05/16 --
U.S. Concrete, Inc. (NASDAQ: USCR)
Adjusted earnings per diluted share increased 158.3% to $0.31 Adjusted EBITDA increased 57.2% to $25.6 million Adjusted EBITDA margin improved 100 basis points to 10.5% Consolidated revenue increased 43.0% to $245.0 million Ready-mixed concrete revenue increased 44.5% to $224.1 million Ready-mixed concrete average sales price improved 4.5% to $126.44 per cubic yard Ready-mixed concrete material spread increased 2.1% from $61.47 per cubic yard to $62.78 per cubic yard Aggregate products revenue increased 70.0% to $15.1 million Aggregate products average sales price improved 14.4% to $11.38... More