Suncrete Q2 Revenue Jumps 146% to $97.2M, Net Loss Widens to $37.1M
RMIX has more than doubled off its 52-week low of $9.2.
Summary
Suncrete reported Q2 revenue up 146% to $97.2M, but a $26.9M non-cash charge pushed net loss to $37.1M. Adjusted EBITDA rose to $13.5M and 2026 guidance was maintained.
Key Events · Earnings and Guidance · RMIX
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Revenue Surges 146%
Q2 revenue reached $97.2M, up from $39.5M a year ago, driven by acquisitions of Hope Concrete, Nelson Bros., and ABC Block Company.
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Net Loss Widens on Non-Cash Charge
Net loss was $37.1M vs $325K loss last year, including a $26.9M non-cash charge related to the business combination.
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Adjusted EBITDA Nearly Doubles
Adjusted EBITDA rose to $13.5M from $7.0M, with Supplemental Adjusted EBITDA at $14.6M.
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2026 Guidance Maintained
Company reaffirmed revenue guidance of $420M-$480M and Adjusted EBITDA of $68M-$93M, excluding future acquisitions.
Analysis · RMIX · Manufacturing
Suncrete delivered explosive top-line growth driven by recent acquisitions, but the bottom line swung to a large loss due to a $26.9M non-cash charge tied to the business combination. Adjusted EBITDA nearly doubled, and management reaffirmed full-year guidance, signaling confidence in the integration and demand outlook.
At the time of this filing, RMIX was trading at $18.70 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $9.20 to $25.50. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.