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U.S. Concrete reports 4Q loss

EULESS, Texas (AP) _ U.S. Concrete Inc. (USCR) on Tuesday reported a loss of $15.6 million in its fourth quarter. The Euless, Texas-based company said it had a loss of $1.01 per share. Earnings, adjusted for one-time gains and costs, were 82 cents per share. The results topped Wall Street...

EULESS, Texas (AP) _ U.S. Concrete Inc. (USCR) on Tuesday reported a loss of $15.6 million in its fourth quarter.

The Euless, Texas-based company said it had a loss of $1.01 per share. Earnings, adjusted for one-time gains and costs, were 82 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The concrete and aggregates producer posted revenue of $318.8 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $317 million.

For the year, the company reported net income of $8.9 million, or 55 cents per share, swinging to a profit in the period. Revenue was reported as $1.17 billion.

U.S. Concrete shares have decreased nearly 7 percent since the beginning of the year. The stock has climbed 10 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on USCR at https://www.zacks.com/ap/USCR

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Keywords: U.S. Concrete, Earnings Report

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