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Noticias de RMIX
Eventos de RMIX
Company Reports Q2 Net Loss
Reports Q2 net loss…
Suncrete Dual Lists on Nasdaq Texas
Suncrete announced the dual listing of its common stock on Nasdaq Texas, a new dual listing venue headquartered in Dallas and designed to serve companies with strong ties to the state of Texas. Suncrete will maintain its primary listing on the Nasdaq Stock Market and will be dually listed on Nasdaq Texas with the same "RMIX" ticker symbol. Suncrete expects the listing and trading of its common stock on Nasdaq Texas to commence on May 27. The dual listing will not affect investors' ability to buy or sell the company's stock.
Company Provides 2026 Outlook: Revenue $420M-$480M
The company is providing its outlook for 2026 that reflects management's current expectations for organic growth and project execution across its core markets and includes the expected contribution of Hope Concrete and Nelson Bros. following the close of those acquisitions in the Company's second quarter, including revenue in the range of $420M-$480M; Net income (loss) in the range of ($4M)-$20M; Adjusted EBITDA in the range of $68M-$93M; Supplemental Adjusted EBITDA in the range of $71M-$96M. "This guidance is based on current economic conditions and assumes no significant changes in the overall economy or other condition in the Sunbelt region of the United States in 2026. The guidance does not include the potential impact of any future acquisitions other than one target company that was under a non-binding letter of intent prior to our consummation of our business combination. If we are unable to close such acquisition in our expected timeframe, or at all, our results of operations for the 2026 fiscal year would be adversely impacted," the company stated.
Suncrete Reports Q1 Revenue of $61.8M
Reports revenues of $61.8M in the first quarter, an increase of 64% compared to $37.7M in the same quarter last year. Net loss was $1.7M in the first quarter, a decrease of 263% compared to net income of $1.1M in the same quarter last year. Adjusted EBITDA in the first quarter was $10.2M, an increase of 25% compared to $8.1M in the same quarter last year. Randall Edgar, Suncrete's Chief Executive Officer, said, "We are pleased to report strong first quarter results, reflecting substantial year-over-year revenue growth. Our team executed at a high level, consistently delivering materials on time and to specification, reinforcing our core mission of reliably serving our customers. We believe our commitment to putting people, culture, and safety first creates a meaningful competitive advantage, enabling us to deliver superior service and build long-term customer relationships. These results reinforce our confidence in a disciplined approach to increasing market share, accelerating organic growth, and expanding into new markets through accretive acquisitions. With a strong start to the year, supported by industry tailwinds in our geographies for continued infrastructure, commercial and residential construction, we are introducing our growth outlook for 2026. Subsequent to quarter-end, we completed multiple acquisitions, expanding our footprint into Texas and Louisiana through the platform acquisition of Hope Concrete and the subsequent bolt-on acquisition of Nelson Bros. Strong infrastructure activity, along with continued demand across commercial and residential markets, remains a key driver of growth in these states, while our pipeline of acquisition opportunities continues to expand. Additionally, Suncrete achieved an important milestone in our history last month through our public listing on Nasdaq. We are excited to enter the public markets, and we aim for profitable growth to enhance shareholder value."
Company Provides 2026 Outlook with Net Income Expected at $4M-$20M
Reports Q1 Net income ($4M)-($20M), Adjusted EBITDA $68M-$93M; and Supplemental Adjusted EBITDA $71M-$96M. The Company is providing its outlook for 2026 that reflects management's current expectations for organic growth and project execution across its core markets and includes the expected contribution of Hope Concrete and Nelson Bros. following the close of those acquisitions in the Company's Q2.
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