Raising U.S. Concrete FVE, as Continued Construction Strength Drives 20% EBITDA Growth in 2017
U.S. Concrete’s revenue rose more than 14% to $1.3 billion in 2017, and adjusted EBITDA rose more than 20% to $192 million. Strong demand from construction end markets and acquisitions fueled the company’s impressive earnings growth during the year. With the larger acquisition of Polaris Materials having just closed in November, acquisitions should contribute meaningful earnings growth in 2018 as well.U.S. Concrete does not provide guidance. However, we’ve raised our price forecast, mostly due ...
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