Suncrete revenue jumps 163% to $141 million in third quarter
Key Facts
Suncrete reported on November 13, 2026, that third-quarter revenue rose to $141.0 million, up 45% from the second quarter and 163% from the same quarter last year, according to its results statement. The company said net income was $78,000, after a net loss of $37.1 million in the second quarter. The results announcement followed the company's statement that it would publish them before the market opened on November 13, with a call to discuss them scheduled for 10 a.m. Eastern time. In the statement, Suncrete lowered its fiscal 2026 revenue outlook to $408–434 million and its adjusted earnings before interest, taxes, depreciation and amortization outlook to $60–64 million. The update combines strong quarterly growth with a lower annual outlook, as the company said some major projects would begin in 2027 and high interest rates were weighing on homebuilding.
Suncrete said third-quarter revenue rose from $97.2 million in the second quarter of 2026 to $141.0 million, compared with $53.5 million in the third quarter of 2025. Adjusted earnings before interest, taxes, depreciation and amortization were $22.4 million, up 66% from $13.5 million in the previous quarter and 64% from $13.7 million a year earlier. On a supplementary measure that excludes compensation for affiliated consultants, adjusted earnings were $23.3 million, up 60% from $14.6 million in the second quarter. The company also reported that total cubic yards of ready-mix concrete produced and delivered increased 32% from the previous quarter and 125% from the same period last year. These comparisons put revenue, earnings and delivery volume above the two reference periods cited by the company, with each measure using a different comparison basis.
The company attributed its revised annual outlook to the shift of some major project start dates into 2027, along with continued pressure on homebuilding from high interest rates. This means its 2026 revenue range takes into account the delayed start of those projects, while high interest rates remain a headwind for residential activity, according to its statement. Suncrete set its annual revenue outlook at $408–434 million and adjusted earnings before interest, taxes, depreciation and amortization at $60–64 million. In the second quarter, revenue was $97.2 million, up 146% year over year from $39.5 million in the second quarter of 2025. The CEO said at the time that demand remained strong despite unusually heavy rain in the company's operating regions during the second quarter; he also cited infrastructure spending, population growth and economic activity as supporting factors.
Management said plans to integrate acquired companies were progressing and that several businesses were nearing Suncrete's target margin levels. The company said, "Our acquisition integration plans are progressing, with several companies approaching Suncrete's target margin levels." This follows the company's expansion through five acquisitions completed during the six months ended June 30, 2026, for total consideration of $233.9 million. The names cited by the company included Hope Concrete, Nelson Bros. and ABC Block. It also said the acquisition of ABC Block expanded its geographic footprint into Arkansas, Louisiana, Missouri and Mississippi. These details provide context for the integration process described by management, although the third-quarter results statement did not specify how much revenue would come from the acquisitions.
For next year, the company said it expects organic growth and acquisition-driven growth in 2027, describing its acquisition pipeline as strong and growing. It said, "As we enter 2027, we expect significant growth organically and through acquisitions." In its second-quarter results filing, Suncrete had said its growing acquisition pipeline offered opportunities to increase scale in existing markets and enter new geographic areas. The third-quarter results statement does not give a specific figure for acquisition revenue in 2027. RMIX shares closed at $8.12 on November 12, 2026, according to EL7 data. The operational step the company highlighted remains continued integration and progress toward target margins, while its outlook points to some major project start dates shifting into 2027.