Suncrete Q2 Earnings Call Highlights

Revenue and adjusted EBITDA surged in Q2, rising 146% year over year to $97.2 million and to $13.5 million, respectively. The $37.1 million net loss included a $26.9 million one-time, non-cash de-SPAC charge. Suncrete completed five acquisitions , adding 31 ready-mix plants, 279 mixer trucks and eight concrete-production plants across the Sun Belt. Management expects most acquired operations to reach historical margin levels within nine to 18 months. The company maintained its 2026 outlook, calling for $420 million–$480 million in revenue and $68 million–$93 million in adjusted EBITDA. Management cited strong construction and data-center demand, weather-related volume deferrals expected to shift into Q3, and approximately $51.1 million in liquidity at quarter-end. Suncrete NASDAQ: RMIX reported sharply higher second-quarter revenue and adjusted EBITDA as the ready-mix concrete and concrete-products company added five acquisitions and expanded its footprint across Sun Belt markets, while maintaining its full-year 2026 outlook. Revenue rose 146% year over year to $97.2 million in the second quarter. The company said organic growth was approximately 9%, despite unusually wet weather across much of its operating footprint. Adjusted EBITDA increased to $13.5 million from $7 million a year earlier, while supplemental adjusted EBITDA rose about 90% to $14.6 million. The company recorded a net loss of $37.1 million, compared with a $325,000 loss in the prior-year quarter. Chief Financial Officer Tommy Weinroth said the quarterly loss included a $26.9 million one-time, non-cash charge related to the company’s de-SPAC transaction. Chief Executive Officer Randall Edgar said the second quarter was a “transformative period” as Suncrete completed five acquisitions, including deals that established a Texas and Louisiana platform through Hope Concrete LLC and expanded its North Texas presence through Nelson Bros. Ready Mix LLC. The company also acquired ABC Block Company, a Little Rock, Arkansas-based concrete-products supplier, extending Suncrete’s reach into Arkansas, Louisiana, Missouri and Mississippi. Two additional bolt-on acquisitions expanded its presence in Louisiana. Combined, the acquisitions added 31 ready-mix plants, 279 mixer trucks and eight concrete-production plants. Suncrete now operates across six states in the Sun Belt, according to management. Edgar said the company’s integration strategy is intended to bring acquired businesses’ margins in line with Suncrete’s historical margins within nine to 18 months. Three of the five acquired businesses are tracking toward the earlier end of that range, while two could take longer because of more challenging local market conditions. Suncrete’s Oklahoma City acquisition, completed in October, is already generating margins consistent with the company’s historical profile, management said. By contrast, North Texas remains a more difficult operating environment, though the company said it has an improvement plan focused on purchasing, pricing discipline, fleet and logistics optimization, and operating execution. Management also said ABC Block’s integration has progressed well and could provide strategic opportunities to expand concrete-products operations in markets where Suncrete already has ready-mix facilities. Edgar said commercial activity remained strong across the company’s markets, including projects involving retail, manufacturing, warehouses and distribution centers. The company is also participating in several data-center projects and expects sustained activity in that end market.