Suncrete (NASDAQ:RMIX) Issues Quarterly Earnings Results, Misses Estimates By $0.70 EPS

Key Points

• Suncrete reported a sharp earnings miss: Second-quarter EPS was a loss of $0.72, versus the consensus estimate of a $0.02 loss. Revenue nevertheless surged 146.2% year over year to $97.2 million, while adjusted EBITDA rose to $13.5 million.
• The company completed five acquisitions that added 31 ready-mix plants, 279 mixer trucks, and eight concrete-products plants. Management maintained its 2026 revenue and adjusted EBITDA outlook, citing strong demand and expected seasonal improvement.
• Profitability and cash flow remained pressured: GAAP net loss widened to $37.1 million, largely because of a $26.9 million non-cash de-SPAC charge, while operating cash flow was negative at approximately $19.6 million. Shares fell 1.8% to $18.47, and analysts’ average rating remained “Buy” with a $21.75 target price.

Suncrete (NASDAQ:RMIX - Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.72) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.70), Briefing.com reports. Suncrete's quarterly revenue was up 146.2% compared to the same quarter last year.

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

• Second-quarter revenue rose 146% year over year to $97.2 million, including approximately 9% organic growth despite unusually wet weather. Adjusted EBITDA increased to $13.5 million from $7.0 million.
• Suncrete completed five acquisitions, adding 31 ready-mix plants, 279 mixer trucks, and eight concrete-products plants across the Sun Belt. Management said integration is progressing, though North Texas is taking longer while Oklahoma City and ABC Block are ahead of expectations.
• Management maintained its 2026 outlook for revenue of $420 million-$480 million, adjusted EBITDA of $68 million-$93 million, and supplemental adjusted EBITDA of $71 million-$96 million. Executives expect stronger seasonal third-quarter volumes, acquisition integration, and improved cost absorption to support the second half.
• Demand remains strong across commercial construction, infrastructure, residential development, and AI data centers, with management estimating organic growth of roughly 7%-10%. The company also cited a robust acquisition pipeline and expanded financing capacity, including a $175 million delayed-draw term loan and a $100 million accordion.
• GAAP net loss widened to $37.1 million from $325,000, primarily due to a $26.9 million non-cash de-SPAC charge; operating cash flow was also negative at approximately $19.6 million because of higher SG&A and acquisition-related costs.

Suncrete Stock Down 1.8%

Shares of RMIX stock traded down $0.35 during mid-day trading on Friday, hitting $18.47. 662,570 shares of the stock were exchanged, compared to its average volume of 349,181. Suncrete has a 52-week low of $9.20 and a 52-week high of $25.50. The stock's fifty day moving average price is $19.92.

Analyst Upgrades and Downgrades

RMIX has been the subject of a number of research reports. William Blair assumed coverage on Suncrete in a report on Monday, May 4th. They issued an "outperform" rating for the company. Jefferies Financial Group assumed coverage on Suncrete in a research report on Friday, May 1st. They set a "buy" rating and a $19.00 target price for the company. B. Riley Financial began coverage on Suncrete in a research note on Wednesday, June 24th. They set a "buy" rating and a $26.00 price target on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of Suncrete in a report on Friday, July 24th. Finally, Wall Street Zen raised shares of Suncrete to a "sell" rating in a research note on Saturday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $21.75.

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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