Suncrete (NASDAQ:RMIX) Announces Earnings Results

Suncrete (NASDAQ:RMIX) posted its quarterly earnings data on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.11), Zacks reports. The business had revenue of $140.96 million for the quarter.

Here are the key takeaways from Suncrete’s conference call:

• Third-quarter revenue rose 45% sequentially to $141 million, while supplemental adjusted EBITDA increased 60% to $23.3 million. Management reported approximately 10% organic growth and a 150-basis-point sequential improvement in supplemental adjusted EBITDA margin.
• Suncrete lowered its 2026 outlook, citing weakness in residential construction and delays to some larger projects; corrected guidance calls for revenue of $408 million–$434 million and adjusted EBITDA of $60 million–$64 million. The company also expects some acquisition integrations to take closer to 18 months than 12.
• Management expects acquisitions completed in 2026 to contribute approximately $200 million–$250 million of revenue in 2027, with continued integration offering further margin improvement. It expects growth in 2027, though several prospective acquisitions have shifted to the first half of that year.
• Management pointed to population and business growth, ongoing infrastructure and commercial activity, and data-center projects as sources of demand across its Sunbelt markets. It cited at least two years of data-center backlog schedules across its footprint, while acknowledging that residential construction remains pressured by elevated interest rates.

Suncrete Stock Down 37.4%

NASDAQ RMIX traded down $3.04 during trading hours on Friday, hitting $5.08. The company’s stock had a trading volume of 2,847,236 shares, compared to its average volume of 633,596. Suncrete has a 52 week low of $5.02 and a 52 week high of $25.50. The company has a market capitalization of $373.33 million, a PE ratio of -36.29 and a beta of 0.93. The company has a current ratio of 1.40, a quick ratio of 1.15 and a debt-to-equity ratio of 0.56. The company’s 50-day simple moving average is $11.31 and its two-hundred day simple moving average is $15.71.

Analyst Ratings Changes

Several research firms have recently issued reports on RMIX. Jefferies Financial Group reissued a “buy” rating and set a $22.00 target price on shares of Suncrete in a report on Tuesday, August 18th. Wall Street Zen downgraded shares of Suncrete from a “sell” rating to a “strong sell” rating in a report on Saturday, October 3rd. B. Riley Financial reaffirmed a “buy” rating and issued a $25.00 price objective (down from $26.00) on shares of Suncrete in a research note on Wednesday, August 19th. Finally, Weiss Ratings lowered Suncrete from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Suncrete currently has an average rating of “Buy” and a consensus target price of $22.25.

Suncrete Company Profile

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.