Suncrete reports Q1 revenue $61.8M vs. $37.7M last year

Reports revenues of $61.8M in the first quarter, an increase of 64% compared to $37.7M in the same quarter last year. Net loss was $1.7M in the first quarter, a decrease of 263% compared to net income of $1.1M in the same quarter last year. Adjusted EBITDA in the first quarter was $10.2M, an increase of 25% compared to $8.1M in the same quarter last year. Randall Edgar, Suncrete’s (RMIX) Chief Executive Officer, said, “We are pleased to report strong first quarter results, reflecting substantial year-over-year revenue growth. Our team executed at a high level, consistently delivering materials on time and to specification, reinforcing our core mission of reliably serving our customers. We believe our commitment to putting people, culture, and safety first creates a meaningful competitive advantage, enabling us to deliver superior service and build long-term customer relationships. These results reinforce our confidence in a disciplined approach to increasing market share, accelerating organic growth, and expanding into new markets through accretive acquisitions. With a strong start to the year, supported by industry tailwinds in our geographies for continued infrastructure, commercial and residential construction, we are introducing our growth outlook for 2026. Subsequent to quarter-end, we completed multiple acquisitions, expanding our footprint into Texas and Louisiana through the platform acquisition of Hope Concrete and the subsequent bolt-on acquisition of Nelson Bros. Strong infrastructure activity, along with continued demand across commercial and residential markets, remains a key driver of growth in these states, while our pipeline of acquisition opportunities continues to expand. Additionally, Suncrete achieved an important milestone in our history last month through our public listing on Nasdaq. We are excited to enter the public markets, and we aim for profitable growth to enhance shareholder value.”