US Concrete (USCR) Misses Q2 EPS by 41c
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U.S. Concrete Announces 2016 Second Quarter Results
August 4, 2016 6:00 AM EDTEULESS, TX -- (Marketwired) -- 08/04/16 --
Second Quarter 2016 Highlights Compared to Second Quarter 2015
Consolidated revenue increased 12.7% to $275.8 million Ready-mixed concrete revenue increased 13.5% to $248.5 million Ready-mixed concrete average sales price improved 4.7% to $129.01 per cubic yardAdjusted ready-mixed concrete material spread increased 1.3% from $62.32 per cubic yard to $63.11 per cubic yardAdjusted aggregate products revenue increased 18.1% to $18.5 million Adjusted aggregate products average sales price improved 10.1% to $11.49 per ton Adjusted earnings per diluted share of $0.54 compared to $0.70Adjusted EBITDA increased 1.3% to $34.1 million Issued... More