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Last $37.26 USD
Change Today +0.015 / 0.04%
Volume 230.5K
As of 4:00 PM 06/3/15 All times are local (Market data is delayed by at least 15 minutes).

us concrete inc (USCR) Key Developments

U.S. Concrete, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

U.S. Concrete, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $171.338 million against $146.257 million a year ago. Income from operations was $5.272 million against $3.540 million a year ago. Loss from continuing operations before income taxes was $10.781 million against $1.604 million a year ago. Loss from continuing operations was $10.707 million or $0.79 per basic and diluted share against $1.626 million or $0.12 per basic and diluted share a year ago. Net loss was $10.484 million or $0.77 per basic and diluted share against $1.153 million or $0.09 per basic and diluted share a year ago. Net cash provided by operating activities was $0.932 million against net cash used in operating activities of $1.927 million a year ago. Purchases of property, plant and equipment was $3.546 million against $10.165 million a year ago. Adjusted net income was $3.177 million against $0.051 million a year ago. Adjusted net income per diluted share was $0.22. Adjusted EBITDA was $15.386 million against $9.457 million a year ago. Net debt as on March 31, 2015 was $214.009 million against $190.235 as on December 31, 2014. The net debt increased $23.8 million from December 31, 2014, largely as a result of the financing of mixer trucks and mobile equipment with additional debt and the acquisition of Right Away Redy Mix in Northern California, which was primarily funded with cash on hand.

U.S. Concrete, Inc. to Report Q1, 2015 Results on May 07, 2015

U.S. Concrete, Inc. announced that they will report Q1, 2015 results at 10:00 AM, US Eastern Standard Time on May 07, 2015

U.S. Concrete, Inc., Q1 2015 Earnings Call, May 07, 2015

U.S. Concrete, Inc., Q1 2015 Earnings Call, May 07, 2015

U.S. Concrete, Inc., Annual General Meeting, May 14, 2015

U.S. Concrete, Inc., Annual General Meeting, May 14, 2015., at 08:00 Eastern Daylight. Location: Newark Liberty International Airport Marriott. Agenda: To elect seven directors to serve on the board of directors of the company, which we refer to as our board, until the 2016 annual meeting of stockholders of the company; to consider and ratify the appointment of grant Thornton LLP, as the independent registered public accounting firm of the company for the year ending December 31, 2015; to consider and cast a non-binding, advisory vote on the compensation of the company's executive officers as disclosed in these materials; and to consider and transact any other business that may properly come before the annual meeting or any adjournment or postponement thereof.

U.S. Concrete, Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Records an Impairment Loss on Long-Lived Assets for the Fourth Quarter of 2014

U.S. Concrete, Inc. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $179,510,000 compared with $148,144,000 for the same period a year ago. Income from operations was $8,177,000 compared with $3,017,000 for the same period a year ago. Income from continuing operations before income taxes was $2,431,000 compared with loss from continuing operations before income taxes of $5,845,000 for the same period a year ago. Income from continuing operations was $1,815,000 or $0.13 per basic and diluted share compared with loss from continuing operations of $5,303,000 or $0.39 per basic and diluted share for the same period a year ago. Net income was $867,000 or $0.06 per basic and diluted share compared with net loss of $5,138,000 or $0.38 per basic and diluted share for the same period a year ago. Adjusted net income was $5,565,000 or $0.40 per diluted share compared with $1,770,000 or $0.13 per diluted share for the same period a year ago. Adjusted EBITDA was $17,421,000 compared with $8,955,000 for the same period a year ago. Net cash provided by operating activities was $20,372,000 compared with net cash used in operating activities of $2,659,000 for the same period a year ago. Capital expenditures were $3,424,000 compared with $6,623,000 for the same period a year ago. EBITDA was $24,223,000 against $14,484,000 a year ago. For the year, the company reported revenues of $703,714,000 compared with $598,155,000 for the same period a year ago. Income from operations was $45,322,000 compared with $21,435,000 for the same period a year ago. Income from continuing operations before income taxes was $23,731,000 compared with loss from continuing operations before income taxes of $17,105,000 for the same period a year ago. Income from continuing operations was $21,575,000 or $1.55 per basic and diluted share compared with loss from continuing operations of $18,273,000 or $1.42 per basic and diluted share for the same period a year ago. Net income was $20,582,000 or $1.48 per basic and diluted share compared with net loss of $20,129,000 or $1.56 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $50,915,000 compared with $24,180,000 for the same period a year ago. Purchases of property, plant and equipment was $32,584,000 compared with $19,988,000 for the same period a year ago. Adjusted net income was $31,224,000 or $2.25 per diluted share compared with $15,878,000 or $1.19 per diluted share for the same period a year ago. Adjusted EBITDA was $75,211,000 compared with $48,298,000 for the same period a year ago. Net debt was $190,235,000 compared with $101,477,000 for the same period a year ago. Revenue growth was driven by both volume and pricing improvement. Redi-Mix Concrete volume and pricing increased by 9.0% and 6.6%, respectively, year-over-year. The increase in capital expenditures was due to higher spending on mixer trucks, an aggregate plant upgrade in New Jersey and plant equipment and improvements, all to support the growing demand in markets. EBITDA was $95,255,000 against $65,755,000 a year ago. The company recorded an impairment loss on long-lived assets of $900,000 for the fourth quarter of 2014.

 

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