Suncrete maintained its fiscal 2026 revenue outlook of $420 million to $480 million as strong construction demand across the U.S. Sunbelt and contributions from recent acquisitions helped offset unusually wet weather during the second quarter.
The ready-mix concrete logistics and distribution company said demand remained strong across its markets despite weather-related disruption throughout much of its operating footprint. Management continues to see favorable fundamentals supported by infrastructure spending, population and economic growth, and healthy commercial and residential construction activity.
Suncrete generated $97.2 million of second-quarter revenue, increasing 146% from $39.5 million in the prior-year period. Total yards of ready-mix concrete produced and delivered increased 123% year-over-year, demonstrating substantial growth in physical volumes alongside the revenue increase.
Adjusted EBITDA reached $13.5 million, compared with $7 million a year earlier. Supplemental Adjusted EBITDA, which excludes affiliated consultant compensation, increased to $14.6 million from $7.7 million.
Reported profitability was affected by acquisition-related and other non-cash items. Suncrete recorded a second-quarter net loss of $37.1 million compared with a $325,000 loss a year earlier. The quarter included approximately $26.9 million of non-cash expense related to Class B shares issued to an affiliated equity holder in connection with a business combination, along with $12.2 million of acquisition-related costs.
The company completed several acquisitions during Q2 that significantly expanded its geographic footprint. Suncrete established a new platform in Texas and Louisiana through the acquisition of Hope Concrete and subsequently acquired Nelson Bros., strengthening its presence in North Texas.
Suncrete then acquired ABC Block Company, expanding further into Arkansas, Louisiana, Missouri and Mississippi. Management said integration initiatives are underway across purchasing, pricing, logistics and operational execution, with the goal of improving performance and creating additional growth opportunities.
The acquisition strategy remains an important part of Suncrete’s longer-term growth plan. Management said its acquisition pipeline continues to expand, creating additional opportunities to build scale within existing markets and establish operations in new geographies.
Suncrete’s 2026 guidance incorporates expected contributions from Hope Concrete, Nelson Bros. and ABC Block following their second-quarter closings. The outlook does not include potential contributions from any additional acquisitions that could be completed during the remainder of the year.
In addition to the $420 million to $480 million revenue forecast, Suncrete expects a full-year net loss of $31 million to $7 million. Adjusted net income or loss is expected to range from a $4 million loss to $20 million of income.
Full-year adjusted EBITDA is expected to reach $68 million to $93 million, while Supplemental Adjusted EBITDA is projected at $71 million to $96 million.
The outlook assumes no significant deterioration in the overall economy or operating conditions across Suncrete’s Sunbelt markets. The company believes its combination of organic demand, acquisitions and operational improvements can support continued expansion despite weather and other near-term variables.
KEY QUOTES:
“We are pleased to report significant year-over-year growth in the second quarter, reflecting strong execution across our organization. Our teams performed at a high level, consistently delivering materials on time and to customer specifications and reinforcing our core mission of reliably serving our customers.”
“Despite unusually wet weather across much of our footprint in the second quarter, demand throughout our markets remained strong. We continue to be encouraged by the favorable fundamentals across the Sunbelt, supported by infrastructure investment, population and economic growth, and healthy commercial and residential construction activity. With these demand drivers, our expanding platform, and continued execution of our organic and acquisition growth strategies, we remain confident in our outlook and are maintaining our fiscal 2026 guidance.”
Randall Edgar, CEO of Suncrete
