Suncrete (RMIX) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue grew 146% year-over-year to $97.2 million, driven by strong demand in the Sunbelt region and five acquisitions totaling $233.9 million, expanding operations to six states and adding 31 ready-mix plants and 279 mixer trucks.

• Major acquisitions included Hope Concrete, Nelson Bros., and ABC Block Company, with integration progressing well and three out of five tracking ahead of schedule.

• Net loss widened to $37.1 million, impacted by a $26.9 million non-cash de-SPAC charge and acquisition costs; prior year net loss was $325,000.

• Focus remains on integrating acquisitions, operational initiatives, and disciplined growth, with strong demand fundamentals from infrastructure, population growth, and AI data centers.

• The company maintains confidence in its growth strategy and 2026 outlook.

Financial highlights

• Q2 2026 revenue was $97.2 million (up from $39.5 million in Q2 2025); gross profit was $28.3 million (29.1% margin); adjusted EBITDA was $13.5 million (13.9% margin), up 94% year-over-year; supplemental adjusted EBITDA was $14.6 million.

• Net loss for Q2 was $37.1 million, with a net loss margin of (38.2)%; net loss attributable to common stockholders was $48.9 million.

• Cash and cash equivalents at June 30, 2026, were $28.6 million; total liquidity increased to $226.1 million after credit facility amendments.

• Cash used in operating activities was $19.6 million, primarily due to elevated SG&A and acquisition-related costs.

• Property, plant, and equipment, net, rose to $254.3 million from $152.8 million at year-end 2025.

Outlook and guidance

• 2026 guidance maintained: revenue $420–$480 million, net income (loss) from $(4) million loss to $20 million profit (excluding one-time charge), adjusted EBITDA $68–$93 million, supplemental adjusted EBITDA $71–$96 million.

• Guidance assumes no significant economic changes, excludes future acquisitions, and expects organic growth at 8–10%.

• Management expects operating cash flow to increase in the second half of 2026 as integration progresses.

• Focus on leveraging expanded footprint, procurement, and operational synergies.