U.S. Concrete Announces Full Year 2018 And Fourth Quarter Results
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US Concrete (USCR) Misses Q4 EPS by 14c, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Below Consensus
February 26, 2019 6:10 AM ESTUS Concrete (NASDAQ: USCR) reported Q4 EPS of $0.43, $0.14 worse than the analyst estimate of $0.57. Revenue for the quarter came in at $370.1 million versus the consensus estimate of $376.95 million.
Consolidated revenue increased 8.4% to $370.1 millionReady-mixed concrete revenue increased 5.6% to $321.0 millionReady-mixed concrete volume grew by 2.6%Aggregate products revenue increased 59.5% to $46.4 millionAggregate products volume increased 41.0% to 2.7 million tonsPolaris Materials contributed revenue of $24.3 million and volume of 1.3 million tonsIncome from continuing operations was $3.1 million, an increase of $6.0 millionTotal Adjusted EBITDA2 increased 6.0% to $46.2 millionNet cash provided by operating activities increased $22.0 million to... More