Suncrete (NASDAQ:RMIX) Releases Quarterly Earnings Results, Misses Expectations By $0.70 EPS

Suncrete (NASDAQ:RMIX) released its quarterly earnings data on Friday. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.70), Briefing.com reports. The business had revenue of $97.23 million during the quarter, compared to the consensus estimate of $104.93 million. The company’s quarterly revenue was up 146.2% compared to the same quarter last year.

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

• Second-quarter revenue rose 146% year over year to $97.2 million, including approximately 9% organic growth despite unusually wet weather. Adjusted EBITDA increased to $13.5 million from $7.0 million.
• Suncrete completed five acquisitions, adding 31 ready-mix plants, 279 mixer trucks, and eight concrete-products plants across the Sun Belt. Management said integration is progressing, though North Texas is taking longer while Oklahoma City and ABC Block are ahead of expectations.
• Management maintained its 2026 outlook for revenue of $420 million-$480 million, adjusted EBITDA of $68 million-$93 million, and supplemental adjusted EBITDA of $71 million-$96 million. Executives expect stronger seasonal third-quarter volumes, acquisition integration, and improved cost absorption to support the second half.
• Demand remains strong across commercial construction, infrastructure, residential development, and AI data centers, with management estimating organic growth of roughly 7%-10%. The company also cited a robust acquisition pipeline and expanded financing capacity, including a $175 million delayed-draw term loan and a $100 million accordion.
• GAAP net loss widened to $37.1 million from $325,000, primarily due to a $26.9 million non-cash de-SPAC charge; operating cash flow was also negative at approximately $19.6 million because of higher SG&A and acquisition-related costs.

Suncrete Price Performance

Shares of NASDAQ:RMIX opened at $18.47 on Friday. Suncrete has a 52-week low of $9.20 and a 52-week high of $25.50. The business has a 50-day moving average price of $19.94.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Roth Capital began coverage on shares of Suncrete in a report on Thursday, May 14th. They set a “buy” rating and a $21.00 price objective on the stock. Wall Street Zen upgraded shares of Suncrete to a “sell” rating in a report on Saturday, June 13th. Robert W. Baird initiated coverage on Suncrete in a report on Wednesday, May 27th. They set an “outperform” rating and a $21.00 price objective for the company. Jefferies Financial Group began coverage on Suncrete in a research note on Friday, May 1st. They set a “buy” rating and a $19.00 target price on the stock. Finally, William Blair initiated coverage on shares of Suncrete in a research report on Monday, May 4th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $21.75.

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.