Here's Why Us Concrete Inc. Rose As Much As 15.5% Today

newsfeedback@fool.com (Maxx Chatsko), The Motley Fool
Tue, 08/07/2018 - 9:38am

Shares of US Concrete (NASDAQ: USCR) jumped more than 15% today after the company reported second-quarter 2018 earnings. The ready-mix concrete leader delivered another solid quarter of growth up and down the income statement, which was welcomed news following an unusually weak (and weather impacted) first-quarter performance. The ready-mix backlog reached an all-time high of 8.3 million cubic yards, signaling that infrastructure projects in the company's core metropolitan areas aren't slowing down anytime soon.The only blemish during the recent quarter was a slight decrease in average sales price.

Topics: us concrete nasdaq uscr ceo bill sandbrook texas today company ready-mix quarter

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Here's Why Us Concrete Inc. Rose As Much As 15.5% Today

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