Suncrete (NASDAQ:RMIX) Announces Earnings Results, Misses Estimates By $0.11 EPS

Suncrete (NASDAQ:RMIX) issued its quarterly earnings results on Friday. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.11), Zacks reports. The company had revenue of $140.96 million during 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 Price Performance

Shares of RMIX stock traded down $3.04 during mid-day trading on Friday, hitting $5.08. 2,847,236 shares of the stock traded hands, compared to its average volume of 633,596. Suncrete has a twelve month low of $5.02 and a twelve month high of $25.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.40. The company’s 50-day simple moving average is $11.31 and its 200-day simple moving average is $15.71. The firm has a market cap of $373.33 million, a price-to-earnings ratio of -36.29 and a beta of 0.93.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Jefferies Financial Group reaffirmed 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 Suncrete from a “sell” rating to a “strong sell” rating in a report on Saturday, October 3rd. Weiss Ratings downgraded Suncrete from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 23rd. Finally, B. Riley Financial restated a “buy” rating and set a $25.00 price objective (down from $26.00) on shares of Suncrete in a research report on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target 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.