Suncrete (NASDAQ:RMIX) Announces Earnings Results

Suncrete (NASDAQ:RMIX) released its quarterly earnings data on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.11), Zacks reports. The company had revenue of $140.96 million during the quarter.

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

• Third-quarter revenue rose 45% sequentially to $141 million, while supplemental adjusted EBITDA increased 60% to $23.3 million. Management reported approximately 10% organic growth and a 150-basis-point sequential improvement in supplemental adjusted EBITDA margin.
• Suncrete lowered its 2026 outlook, citing weakness in residential construction and delays to some larger projects; corrected guidance calls for revenue of $408 million–$434 million and adjusted EBITDA of $60 million–$64 million. The company also expects some acquisition integrations to take closer to 18 months than 12.
• Management expects acquisitions completed in 2026 to contribute approximately $200 million–$250 million of revenue in 2027, with continued integration offering further margin improvement. It expects growth in 2027, though several prospective acquisitions have shifted to the first half of that year.
• Management pointed to population and business growth, ongoing infrastructure and commercial activity, and data-center projects as sources of demand across its Sunbelt markets. It cited at least two years of data-center backlog schedules across its footprint, while acknowledging that residential construction remains pressured by elevated interest rates.

Suncrete Price Performance

NASDAQ RMIX traded down $3.01 during trading hours on Friday, reaching $5.11. 2,327,186 shares of the stock traded hands, compared to its average volume of 433,653. The stock has a 50 day simple moving average of $11.53 and a two-hundred day simple moving average of $15.78. Suncrete has a 1 year low of $5.25 and a 1 year high of $25.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.40 and a quick ratio of 1.15. The company has a market cap of $375.44 million, a price-to-earnings ratio of -36.49 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RMIX. Wall Street Zen cut Suncrete from a “sell” rating to a “strong sell” rating in a report on Saturday, October 3rd. B. Riley Financial reissued a “buy” rating and set a $25.00 price objective (down from $26.00) on shares of Suncrete in a report on Wednesday, August 19th. Weiss Ratings cut shares of Suncrete from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 23rd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $22.00 target price on shares of Suncrete in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $22.25.

About Suncrete

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.