Suncrete (NASDAQ:RMIX) Issues Quarterly Earnings Results

Suncrete (NASDAQ:RMIX) released its quarterly earnings results on Friday, May 15th. The company reported ($0.60) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of ($14.49) million during the quarter.

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

• Suncrete reported strong first-quarter momentum, with revenue up 64% year over year to $61.8 million and adjusted EBITDA up about 20% to $10.9 million. Ready-mix yards delivered also rose 58%, showing solid volume growth.
• The company’s 2026 outlook calls for revenue of $420 million-$480 million and adjusted EBITDA of $71 million-$96 million, including contributions from the recently completed Hope Concrete and Nelson Bros. acquisitions. Management also said it expects to convert 60%-70% of EBITDA into operating cash flow this year.
• Suncrete completed its Nasdaq listing and raised about $226 million of primary capital in the de-SPAC transaction, which management said will fund acquisitive growth. The company ended the quarter with $6.3 million in cash and $22.5 million of revolver capacity.
• Management highlighted an active M&A pipeline and said the near-term focus is building scale in Texas, Louisiana, Oklahoma, and other Sun Belt markets. The team emphasized that the industry remains fragmented and that Suncrete aims to be the acquirer of choice for local operators.
• The company said organic demand is healthy across infrastructure, commercial, and residential end markets, with pricing holding up well. Management also noted that its fuel-charge and pass-through systems help reduce exposure to inflation in diesel, freight, and materials.

Suncrete Stock Down 1.1%

Shares of Suncrete stock traded down $0.24 on Thursday, hitting $21.69. The company’s stock had a trading volume of 384,305 shares, compared to its average volume of 404,191. Suncrete has a 52-week low of $9.20 and a 52-week high of $25.50. The business has a fifty day moving average of $18.46.

Analysts Set New Price Targets

A number of equities research analysts recently commented on RMIX shares. Roth Mkm initiated 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. William Blair started coverage on shares of Suncrete in a research note on Monday, May 4th. They set an “outperform” rating on the stock. B. Riley Financial initiated coverage on shares of Suncrete in a report on Wednesday, June 24th. They issued a “buy” rating and a $26.00 price objective on the stock. Robert W. Baird began coverage on shares of Suncrete in a research report on Wednesday, May 27th. They issued an “outperform” rating and a $21.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on shares of Suncrete in a research note on Friday, May 1st. They set a “buy” rating and a $19.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Suncrete currently has an average rating of “Buy” and an average price target 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.