U.S. Concrete shares third-quarter 2019 details

Sandbrook

Aggregate product sales were down slightly at U.S. Concrete in the third quarter this year.

Aggregate product revenue declined $600,000 in the quarter, resulting from a 3 decrease in sales volume that was partially offset by a 2 increase in average selling price. 

Sales volume growth was hindered by the delay in certain Polaris Materials shipments due to one of the transportation carrier’s ships being temporarily taken out of service, U.S. Concrete says. 

Ready-mixed concrete revenue, meanwhile, increased 2.3 percent from last year’s third quarter to $354.1 million. The mark is an all-time quarterly high for U.S. Concrete.

“With the benefit of continued economic expansion and improved weather patterns I am pleased to announce our third-quarter 2019 results, which include quarterly records of consolidated revenue, consolidated total adjusted EBITDA, ready-mixed concrete segment revenue and aggregate products segment adjusted EBITDA,” says Bill Sandbrook, chairman and CEO of U.S. Concrete. “Our revenue growth was driven by both higher ready-mixed concrete segment volumes and higher average sales prices in our aggregate products and ready-mixed concrete segments.”

Check out how other producers performed in the third quarter here.