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U.S. Concrete: 2Q Earnings Snapshot

August 9, 2019

EULESS, Texas (AP) _ U.S. Concrete Inc. (USCR) on Friday reported second-quarter net income of $700,000.

On a per-share basis, the Euless, Texas-based company said it had net income of 4 cents. Earnings, adjusted for one-time gains and costs, came to 23 cents per share.

The concrete and aggregates producer posted revenue of $367.5 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $416 million.

U.S. Concrete expects full-year revenue in the range of $1.5 billion to $1.58 billion.

U.S. Concrete shares have risen 27% since the beginning of the year. The stock has dropped 14% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on USCR at https://www.zacks.com/ap/USCR

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