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U.S. CONCRETE, INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2021 10-Q, filed Aug 5, 2021. Its latest SEC filing is a 15-12B from Sep 7, 2021.

The sections below describe the company as of the FY2020 annual report.

What Did They Do?

Supplies ready-mixed concrete and aggregates for commercial, industrial, residential and infrastructure construction projects.

How Did They Make Money?

Customers pay for concrete, aggregates and related building materials when products are delivered; payment terms vary by customer, location and product.

revenue

Who Were Their Customers?

Construction contractors, municipalities and commercial companies buy the company’s materials for commercial, industrial, residential and public works projects.

Did Revenues Turn Into Profits?

Yes. It kept 2 cents of every revenue dollar as net income in .

Operating income,
6% of revenue
▲ +17% vs ($65.2M, 4%)
Net income,
2% of revenue
▲ +71% vs ($14.9M, 1%)

How Were They Changing?

Since the FY2020 annual report
Latest quarter: Q2 FY2021, the three months to Jun 30, 2021
Revenue
▲ +1%
vs $322.7M in Q2 FY2020
Net income
▼ Now a loss
vs $6.6M in Q2 FY2020
Ready-mixed concrete share of revenue vs 84.4% in Q2 FY2020
  • Aug 26, 2021 Vulcan acquired U.S. Concrete, which became its wholly owned subsidiary. The merger closed, and U.S. Concrete’s shares were suspended from Nasdaq trading.

Grew. Revenue grew 17% in 4 years, from $1.2B in to $1.4B in , about 4% a year.

Revenue over time
Ready-Mixed Concrete Segment Aggregate Products Aggregate Distribution Building Materials Hauling Lime Other Products
$2B$1B$0

Who Did They Compete With?

Competes with Cemex, CRH, Colas, Heidelberg Cement, LafargeHolcim, Martin Marietta Materials, MDU Resources Group, Summit Materials, and Vulcan Materials

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