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

Suncrete (NASDAQ:RMIX) announced its quarterly earnings results on Friday. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.70), Briefing.com reports. Suncrete’s quarterly revenue was up 146.2% on a year-over-year basis.

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 Stock Performance

RMIX stock traded down $0.35 during mid-day trading on Friday, reaching $18.47. The company’s stock had a trading volume of 734,515 shares, compared to its average volume of 350,759. The business’s 50 day moving average price is $19.92. Suncrete has a 12 month low of $9.20 and a 12 month high of $25.50.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RMIX. B. Riley Financial started coverage on Suncrete in a report on Wednesday, June 24th. They issued a “buy” rating and a $26.00 target price for the company. Robert W. Baird initiated coverage on Suncrete in a research note on Wednesday, May 27th. They set an “outperform” rating and a $21.00 price target on the stock. Roth Capital initiated coverage on Suncrete in a report on Thursday, May 14th. They set a “buy” rating and a $21.00 price target on the stock. Jefferies Financial Group initiated coverage on Suncrete in a research note on Friday, May 1st. They issued a “buy” rating and a $19.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Suncrete to a “sell” rating in a report on Saturday, June 13th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average 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.