{"id":963496,"date":"2026-05-15T10:18:11","date_gmt":"2026-05-15T14:18:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/suncrete-announces-q1-2026-earnings-results\/"},"modified":"2026-05-15T10:18:11","modified_gmt":"2026-05-15T14:18:11","slug":"suncrete-announces-q1-2026-earnings-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/suncrete-announces-q1-2026-earnings-results\/","title":{"rendered":"Suncrete Announces Q1 2026 Earnings Results"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Revenue Up 64% Compared to Q1 FY25
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\n Company Introduces 2026 Outlook<\/i>\n <\/p>\n

\n TULSA, Okla.<\/span>, May 15, 2026<\/span> \/PRNewswire\/ — Suncrete, Inc.\u00a0(NASDAQ: RMIX) (the “Company”), a ready-mix concrete logistics and distribution platform strategically located in Oklahoma, Arkansas, Louisiana and Texas, today announced results for its subsidiary, Concrete Partners Holding, LLC, for the quarter ended March 31, 2026.<\/p>\n

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\n \"Suncrete,
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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.”<\/p>\n

Edgar added, “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.”<\/p>\n

Ned N. Fleming, III, the Company’s Executive Chairman, stated, “We are proud of our team’s exceptional execution this quarter as we continue to advance Suncrete’s growth strategy. We believe Suncrete’s high-performing, scalable platform is well positioned to drive continued share gains, supported by both organic growth and disciplined M&A. Our approach centers on partnering with high-quality local operators and empowering them with the scale, resources, and support of a broader platform, with the goal of driving sustainable profitability. This repeatable and scalable strategy is focused on increasing local market share, entering new markets through accretive acquisitions, and maintaining an industry-leading margin profile. Supported by our team’s deep operational experience and a proven, repeatable strategy refined over decades, we believe we are well positioned to continue scaling the business and capturing opportunities within the highly fragmented ready-mix concrete industry across the high-growth Sunbelt region of the United States.”<\/p>\n

Revenues were $61.8 million in the first quarter, an increase of 64% compared to $37.7 million in the same quarter last year.<\/p>\n

Net loss was $1.7 million in the first quarter, a decrease of 263% compared to net income of $1.1 million in the same quarter last year.<\/p>\n

Adjusted EBITDA(1)<\/sup> in the first quarter was $10.2 million, an increase of 25% compared to $8.1 million in the same quarter last year.<\/p>\n

Supplemental Adjusted EBITDA(1)<\/sup>, which excludes affiliated consultant compensation, in the first quarter was $10.9 million, an increase of 24% compared to $8.8 million in the same quarter last year.<\/p>\n

Total yards of ready-mix concrete produced and delivered in the first quarter increased 58% compared to the same quarter last year.<\/p>\n

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\n (1) Adjusted EBITDA and Supplemental Adjusted EBITDA are financial measures not presented in accordance with U.S. generally accepted accounting principles (“GAAP”). Please see “Non-GAAP Financial Measures” at the end of this press release for additional information.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n 2026 Outlook<\/b>\n <\/p>\n

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. 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. See “Forward-Looking Statements” below.<\/p>\n