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US Concrete: Q2 Earnings Insights

Benzinga Insights

Shares of US Concrete (NASDAQ:USCR) were unchanged after the company reported Q2 results.

Quarterly Results

Earnings per share rose 113.04% year over year to $0.49, which may not compare to the estimate of ($0.21).

Revenue of $322,700,000 declined by 12.19% from the same period last year, which beat the estimate of $320,870,000.

Looking Ahead

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

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

How To Listen To The Conference Call

Date: Aug 04, 2020

View more earnings on USCR

Time: 08:30 AM

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

Technicals

Company's 52-week high was at $56.22

52-week low: $6.75

Price action over last quarter: Up 51.69%

Company Profile

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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