U.S. Concrete Announces First Quarter 2020 Results
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US Concrete (USCR) Tops Q1 EPS by 22c
May 5, 2020 6:00 AM EDTUS Concrete (NASDAQ: USCR) reported Q1 EPS of ($0.04), $0.22 better than the analyst estimate of ($0.26). Revenue for the quarter came in at $334.4 million versus the consensus estimate of $334 million.
FIRST QUARTER 2020 RESULTS COMPARED TO FIRST QUARTER 2019(1)
Consolidated revenue increased 0.4% to $334.4 millionReady-mixed concrete revenue increased 0.6% to $292.2 millionAggregate products revenue increased 1.6% to $43.6 millionAggregate products sales volume increased 5.4% to 2.6 million tonsNet loss was $2.8 million compared to $2.6 millionTotal Adjusted EBITDA(2) was $34.2 million compared to $34.5 millionNet cash provided by operating activities more than doubled to $44.0 millionAdjusted Free Cash Flow(2) more than... More