Edited Transcript of USCR earnings conference call or presentation 8-Nov-19 3:00pm GMT [Yahoo! Finance News]
U S Concrete, Inc. (USCR)
Last u s concrete, inc. earnings: 2/25 05:55 am
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Source: Yahoo! Finance News
Edited Transcript of USCR earnings conference call or presentation 8-Nov-19 3:00pm GMT The growth in revenue was driven by higher ready-mixed volumes and increased average sales prices in our aggregates and ready-mixed product lines. Our total adjusted EBITDA for the quarter was $62 million, a record high as well, and our adjusted EBITDA margins came in at 15.2%, with the increased volumes contributing to these improvements. With -- our overall volume and revenue growth are a bit lower than we anticipated. We did, however, see meaningful volume growth in our Texas markets. Our volume growth was tempered somewhat by labor shortages in Texas, the softness in the residential housing markets in Northern California and a continued erosion of the New York City union ready-mixed markets by nonunion competitors. The continued economic expansion and the overall growth of the North Texas markets has limited the availability of commercial truck drivers. We continue to aggressively recruit driver
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