U.S. Concrete: 3Q Earnings Snapshot - Brownsville Herald: Texas

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U.S. Concrete: 3Q Earnings Snapshot

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Posted: Friday, November 8, 2019 5:06 am

EULESS, Texas (AP) — U.S. Concrete Inc. (USCR) on Friday reported third-quarter profit of $13 million.

The Euless, Texas-based company said it had net income of 79 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to $1.22 per share.

The concrete and aggregates producer posted revenue of $408.9 million in the period.

U.S. Concrete expects full-year revenue in the range of $1.5 billion to $1.58 billion.

U.S. Concrete shares have risen 53% since the beginning of the year. The stock has risen 36% 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

© 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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