Suncrete (NASDAQ:RMIX) Posts Earnings Results, Misses Expectations By $0.11 EPS

Suncrete (NASDAQ:RMIX) released its quarterly earnings data on Friday. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.11), Zacks reports. The firm 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 Performance

Shares of RMIX traded down $2.52 on Friday, reaching $5.60. The company’s stock had a trading volume of 1,758,592 shares, compared to its average volume of 430,819. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.40 and a quick ratio of 1.15. The stock has a market capitalization of $411.37 million, a P/E ratio of -39.90 and a beta of 0.93. The stock’s 50 day simple moving average is $11.53 and its two-hundred day simple moving average is $15.78. Suncrete has a 12-month low of $6.00 and a 12-month high of $25.50.

Wall Street Analysts Forecast Growth

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

About Suncrete

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.