US Concrete (USCR) Misses Q1 EPS by 7c, Revenues Miss; Offers FY19 Revenue Outlook

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U.S. Concrete Announces First Quarter 2019 Results And Affirms Full Year Guidance

May 9, 2019 5:55 AM EDT

EULESS, Texas, May 9, 2019 /PRNewswire/ -- U.S. Concrete, Inc. (NASDAQ: USCR), a leading producer of construction materials in select major markets across the United States, today reported results for the quarter ended March 31, 2019.

FIRST QUARTER 2019 HIGHLIGHTS COMPARED TO FIRST QUARTER 20181

Consolidated revenue increased 1.6% to $333.1 million Ready-mixed concrete revenue increased 0.4% to $290.4 million Aggregate products revenue increased 25.4% to $42.9 million Aggregate products volume increased 17.0% to 2.5 million tons Operating income increased to $7.9 million and operating income margin increased to 2.4% Adjusted Gross Profit2 increased 4.8% to $64.7 million and Adjusted Gross... More