Suncrete (RMIX) investor relations material

Executive summary

• Achieved 64% year-over-year revenue growth in Q1 2026 to $61.8 million, driven by organic expansion, strong execution, and recent acquisitions in Texas and Louisiana.

• Completed IPO and listed on Nasdaq, raising over $200 million in primary capital via de-SPAC and marking a significant milestone for future growth.

• Completed a significant business combination with Haymaker Acquisition Corp. 4, resulting in a reverse recapitalization and new capital structure.

• Operating model leverages decentralized local management with centralized support, enabling strong customer relationships and operational efficiency.

• Positioned as a consolidator in a fragmented ready-mix concrete industry, targeting high-growth Sunbelt markets.

Financial highlights

• Q1 2026 revenue: $61.8 million, up 64% year-over-year.

• Q1 2026 net loss: $1.7 million, compared to net income of $1.1 million in Q1 2025.

• Adjusted EBITDA: $10.9 million, up 20–25% year-over-year; adjusted EBITDA margin: 16.5–17.6%.

• Cash flow from operations: $7.2 million in Q1, up from $4.4 million in Q1 2025.

• Ready-mix concrete volume increased 58% year-over-year in Q1.

Outlook and guidance

• FY 2026 revenue guidance: $420–$480 million.

• FY 2026 net income guidance: net loss of $4 million to net income of $20 million.

• FY 2026 adjusted EBITDA guidance: $68–$96 million; Supplemental Adjusted EBITDA: $71–$96 million.

• Implied organic growth in guidance: 10–15%, with long-term target of 20% (half organic, half acquisitive).

• Guidance includes recent acquisitions, excludes future deals except one under LOI.