Suncrete (NASDAQ:RMIX) Posts Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Key Points

• Suncrete reported a quarterly loss of $0.01 per share, missing analyst expectations of $0.10 EPS by $0.11; revenue was $140.96 million.
• Revenue rose 45% sequentially to about $141 million, and supplemental adjusted EBITDA climbed 60% to $23.3 million. Management cited roughly 10% organic growth and an improved EBITDA margin.
• The company lowered its 2026 outlook, citing residential construction weakness and delayed projects, and now expects revenue of $408 million–$434 million and adjusted EBITDA of $60 million–$64 million. Shares fell 31.1% on Friday.

Suncrete (NASDAQ:RMIX - Get Free Report) issued its quarterly earnings results on Friday. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.11), Zacks reports. The firm had revenue of $140.96 million during the quarter.

Here are the key takeaways from Suncrete's conference call:

• Third-quarter revenue rose 45% sequentially to $141 million, while supplemental adjusted EBITDA increased 60% to $23.3 million. Management reported approximately 10% organic growth and a 150-basis-point sequential improvement in supplemental adjusted EBITDA margin.
• Suncrete lowered its 2026 outlook, citing weakness in residential construction and delays to some larger projects; corrected guidance calls for revenue of $408 million–$434 million and adjusted EBITDA of $60 million–$64 million. The company also expects some acquisition integrations to take closer to 18 months than 12.
• Management expects acquisitions completed in 2026 to contribute approximately $200 million–$250 million of revenue in 2027, with continued integration offering further margin improvement. It expects growth in 2027, though several prospective acquisitions have shifted to the first half of that year.
• Management pointed to population and business growth, ongoing infrastructure and commercial activity, and data-center projects as sources of demand across its Sunbelt markets. It cited at least two years of data-center backlog schedules across its footprint, while acknowledging that residential construction remains pressured by elevated interest rates.

Suncrete Stock Down 31.1%

RMIX traded down $2.52 during trading on Friday, hitting $5.60. 1,758,592 shares of the company's stock traded hands, compared to its average volume of 430,819. The stock has a market capitalization of $411.37 million, a price-to-earnings ratio of -39.90 and a beta of 0.93. The company's 50 day simple moving average is $11.53 and its two-hundred day simple moving average is $15.78. Suncrete has a 12-month low of $6.00 and a 12-month high of $25.50. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RMIX. B. Riley Financial restated a "buy" rating and set a $25.00 price target (down from $26.00) on shares of Suncrete in a report on Wednesday, August 19th. Wall Street Zen cut shares of Suncrete from a "sell" rating to a "strong sell" rating in a research note on Saturday, October 3rd. Weiss Ratings downgraded shares of Suncrete from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, October 23rd. Finally, Jefferies Financial Group reissued a "buy" rating and set a $22.00 price objective on shares of Suncrete in a research report on Tuesday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $22.25.

About Suncrete

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.

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