Earnings Releases·Nov 13, 2026, 8:36 AM ET

Suncrete — Q3 2026 Earnings Summary

Q3 2026 revenue surged 163% YoY to $141.0 million and 45% QoQ to $141.0 million, while Adjusted EBITDA rose 64% YoY and 66% QoQ to $22.4 million; however, nine-month net loss widened to $38.8 million compared to $5.3 million net income in the prior year period.
Full-year 2026 guidance was revised upward for revenue to $408.0–$434.0 million and Adjusted EBITDA to $60.0–$64.0 million, though net loss guidance was adjusted to a range of $(44.7) million to $(48.7) million.
Strategic capital activities included $172.6 million in acquisition payments and $259.1 million in financing proceeds (including $167.1 million from PIPE investors), resulting in a balance sheet with $49.0 million in cash and $235.0 million in long-term debt.
Management anticipates 10% organic revenue growth and margin expansion in Sunbelt markets for the remainder of 2026, while noting that elevated interest rates may delay some residential project start dates into 2027.
Significant balance sheet restructuring occurred with the redemption of $157.2 million in redeemable preferred units, eliminating mezzanine equity, alongside strong integration progress toward target margin levels for acquired businesses.