U.S. Concrete, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s consolidated revenue increased 15.2% to $127,741,000, compared to $110,915,000 in the first quarter of 2012. Loss from operations was $2,797,000 against $4,424,000 a year ago. Loss from continuing operations before income taxes was $19,207,000 against $10,153,000 a year ago. Loss from continuing operations was $14,010,000 or $1.13 per basic and diluted share against $10,341,000 or $0.85 per basic and diluted share a year ago. Net loss was $14,364,000 or $1.16 per basic and diluted share against $10,230,000 or $0.84 per basic and diluted share a year ago. Net cash used in operating activities was $5,477,000 against $4,403,000 a year ago. Purchases of property, plant and equipment was $1,848,000 against $520,000 a year ago. Adjusted net income was $754,000 or $0.06 per diluted share against adjusted net loss of $5,032,000 or $0.41 per diluted share a year ago. Adjusted EBITDA was $3,537,000 against $1,536,000 a year ago. Free cash outflow was $9,080,000 against $3,512,000 a year ago. Net debt as on March 31, 2013 was $90,907,000 against $58,708,000 as on December 31, 2012. The increase in cash used in operations in the first quarter of 2013 was primarily the result of timing in working capital changes.

U.S. Concrete, Inc. announced that they will report Q1, 2013 results at 6:00 AM, US Eastern Standard Time on May 09, 2013

U.S. Concrete, Inc., Q1 2013 Earnings Call, May 09, 2013