LONDON (Thomson Financial) - U.S. Concrete said on Tuesday its fourth
quarter net loss from continuing operations widened to $75.7 million, or $1.97 a
share, from a net loss from continuing operation of $23.5 million, or 62 cents a
share in the same quarter a year ago.
Excluding impairment charges, the company would have earned $700,000, or 2
cents cents a share, down from adjusted net income of $3.3 million, or 9 cents a
share a year ago.
Revenue for the three-month period edged up to $198.7 million from $197.2
million in the same quarter a year ago. Higher ready-mixed concrete prices were
partially offset by lower ready-mixed concrete sales volumes and lower precast
concrete products revenues, the company said.
The mean estimate of analysts polled by Thomson Financial was for revenue of
$198.8 million.
Mark.cotton@thomson.com
mc1/am
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