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Recap: US Concrete Q3 Earnings

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Benzinga Insights
·1 min read
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Shares of US Concrete (NASDAQ:USCR) were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share fell 8.20% over the past year to $1.12, which beat the estimate of $0.85.

Revenue of $374,200,000 decreased by 8.49% year over year, which missed the estimate of $387,880,000.

Guidance

US Concrete hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 29, 2020

View more earnings on USCR

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/detuxkja

Price Action

Company's 52-week high was at $55.07

52-week low: $6.75

Price action over last quarter: Up 7.99%

Company Description

U.S. Concrete sells ready-mixed concrete in several major markets in the United States, primarily in Texas, northern California, and the New York metro area. While U.S. Concrete also produces aggregates in some of its markets and has made more acquisitions in this area in recent years, the company primarily uses its aggregates production internally for its ready-mixed concrete operations. During 2019, U.S. Concrete sold approximately 9.2 million cubic yards of ready-mixed concrete and approximately 11.4 million tons of aggregates.

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