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Suncrete Announces Q1 2026 Earnings Results

RMIX
  • Suncrete, Inc. reported a 64% year-over-year revenue increase to $61.8 million for the quarter ended March 31, 2026, compared to $37.7 million in the prior year.
  • Total yards of ready-mix concrete produced and delivered rose 58% compared to the same quarter last year.
  • The company reported a net loss of $1.7 million for the quarter, a significant decrease from the $1.1 million net income recorded in the same period of the previous year.
  • Adjusted EBITDA for the quarter reached $10.2 million, representing a 25% increase from $8.1 million in the prior year.
  • Supplemental Adjusted EBITDA, which excludes affiliated consultant compensation, was $10.9 million, up 24% from $8.8 million in the prior year.
  • Suncrete provided a 2026 outlook projecting revenue between $420 million and $480 million, net income (loss) between $(4) million and $20 million, Adjusted EBITDA between $68 million and $93 million, and Supplemental Adjusted EBITDA between $71 million and $96 million.
  • Management completed multiple acquisitions subsequent to the quarter-end, including the platform acquisition of Hope Concrete and the bolt-on acquisition of Nelson Bros to expand operations in Texas and Louisiana.
  • The company recently achieved a milestone by listing publicly on the Nasdaq exchange.
  • The 2026 guidance assumes no significant changes in economic conditions within the U.S. Sunbelt region and includes expected contributions from the recently closed acquisitions.
  • Suncrete operates as a ready-mix concrete logistics platform with locations in Oklahoma, Arkansas, Louisiana, and Texas, focusing on infrastructure, commercial, and residential construction sectors.