Suncrete (NASDAQ:RMIX) Announces Quarterly Earnings Results

Suncrete (NASDAQ:RMIX) issued its quarterly earnings results on Friday. The company reported $999.00 earnings per share for the quarter, Zacks reports.

Here are the key takeaways from Suncrete’s conference call:

• Suncrete reported strong first-quarter momentum, with revenue up 64% year over year to $61.8 million and adjusted EBITDA up about 20% to $10.9 million. Ready-mix yards delivered also rose 58%, showing solid volume growth.
• The company’s 2026 outlook calls for revenue of $420 million-$480 million and adjusted EBITDA of $71 million-$96 million, including contributions from the recently completed Hope Concrete and Nelson Bros. acquisitions. Management also said it expects to convert 60%-70% of EBITDA into operating cash flow this year.
• Suncrete completed its Nasdaq listing and raised about $226 million of primary capital in the de-SPAC transaction, which management said will fund acquisitive growth. The company ended the quarter with $6.3 million in cash and $22.5 million of revolver capacity.
• Management highlighted an active M&A pipeline and said the near-term focus is building scale in Texas, Louisiana, Oklahoma, and other Sun Belt markets. The team emphasized that the industry remains fragmented and that Suncrete aims to be the acquirer of choice for local operators.
• The company said organic demand is healthy across infrastructure, commercial, and residential end markets, with pricing holding up well. Management also noted that its fuel-charge and pass-through systems help reduce exposure to inflation in diesel, freight, and materials.

Suncrete Price Performance

Shares of RMIX traded up $0.14 on Friday, hitting $17.64. 386,830 shares of the stock traded hands, compared to its average volume of 268,737. Suncrete has a 1 year low of $9.20 and a 1 year high of $18.75.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. William Blair initiated coverage on shares of Suncrete in a research report on Monday, May 4th. They issued an “outperform” rating on the stock. Jefferies Financial Group began coverage on shares of Suncrete in a research report on Friday, May 1st. They set a “buy” rating and a $19.00 price objective on the stock. Roth Mkm began coverage on shares of Suncrete in a research report on Thursday. They set a “buy” rating and a $21.00 price objective on the stock. Finally, Weiss Ratings assumed coverage on Suncrete in a research note on Wednesday, April 29th. They issued a “sell (d+)” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Suncrete Company Profile

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.