{"id":995394,"date":"2026-08-14T08:09:06","date_gmt":"2026-08-14T12:09:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/suncrete-announces-q2-2026-earnings-results\/"},"modified":"2026-08-14T08:09:06","modified_gmt":"2026-08-14T12:09:06","slug":"suncrete-announces-q2-2026-earnings-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/suncrete-announces-q2-2026-earnings-results\/","title":{"rendered":"Suncrete Announces Q2 2026 Earnings Results"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Revenue Up 146% Compared to Q2 2025
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\n Company Maintains 2026 Outlook<\/i>\n <\/p>\n

\n TULSA, Okla.<\/span>, Aug. 14, 2026<\/span> \/PRNewswire\/ — Suncrete, Inc.\u00a0(NASDAQ: RMIX) (the “Company”), a ready-mix concrete logistics and distribution platform\u00a0strategically located in the Sunbelt region of the United States, today announced results for the second quarter ended June 30, 2026.<\/p>\n

Randall Edgar,\u00a0Suncrete’s Chief Executive Officer, said, “We are pleased to report significant year-over-year growth in the second quarter, reflecting strong execution across our organization. Our teams performed at a high level, consistently delivering materials on time and to customer specifications and reinforcing our core mission of reliably serving our customers. We believe our commitment to putting people, culture, and safety at the forefront of everything we do is a meaningful competitive advantage that enables us to deliver exceptional service and build lasting customer relationships. Despite unusually wet weather across much of our footprint in the second quarter, demand throughout our markets remained strong. We continue to be encouraged by the favorable fundamentals across the Sunbelt, supported by infrastructure investment, population and economic growth, and healthy commercial and residential construction activity. With these demand drivers, our expanding platform, and continued execution of our organic and acquisition growth strategies, we remain confident in our outlook and are maintaining our fiscal 2026 guidance.”<\/p>\n

Edgar added, “During the quarter, we also made significant progress executing our acquisition strategy. We established a new platform in Texas and Louisiana through the acquisition of Hope Concrete, followed by the acquisition of Nelson Bros., which further strengthened our position in North Texas. We subsequently expanded our geographic reach further into Arkansas, Louisiana, Missouri, and Mississippi through the acquisition of ABC Block Company, a leading supplier of concrete products headquartered in Little Rock, Arkansas. We are making steady progress integrating these businesses and implementing initiatives across purchasing, pricing, logistics, and operational execution that we believe will enhance performance and contribute to future growth. At the same time, our acquisition pipeline continues to expand, providing additional opportunities to build scale in our existing markets and enter attractive new geographies.”<\/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 long-term growth strategy. We believe our high-performing, scalable platform positions us to drive continued market share gains through a combination of organic growth and disciplined M&A. Central to our approach is partnering with high-quality local operators and providing them with the resources, scale, and support of the broader Suncrete organization while preserving the local expertise and customer relationships that made them successful. Through our disciplined growth strategy, focused on expanding market share, driving organic growth, and entering new markets through accretive acquisitions, we believe Suncrete is positioned to enhance shareholder value.”<\/p>\n

Revenues were $97.2 million in the second quarter, an increase of 146% compared to $39.5 million in the same quarter last year.<\/p>\n

Net loss was $37.1 million in the second quarter, compared to a net loss of $325,000 in the same quarter last year.<\/p>\n

Adjusted EBITDA(1)<\/sup>\u00a0in the second quarter was $13.5 million compared to $7.0 million in the same quarter last year.<\/p>\n

Supplemental Adjusted EBITDA(1)<\/sup>, which excludes affiliated consultant compensation, in the second quarter was $14.6 million compared to $7.7 million in the same quarter last year.<\/p>\n

Total yards of ready-mix concrete produced and delivered in the second quarter increased 123% compared to the same quarter last year.<\/p>\n

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\n (1)<\/span>\n <\/p>\n<\/td>\n

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\n 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 maintaining 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 recent acquisitions, including Hope Concrete, Nelson Bros. and ABC Block Company, following the close of such acquisitions in the Company’s second quarter, with the exception of a $26.9 million non-cash charge related to the business combination that impacted net income. This guidance is based on current economic conditions and assumes no signi\ufb01cant 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 contribution of any future acquisitions.<\/p>\n