Suncrete (RMIX) investor relations material

Executive summary

• Achieved 64% year-over-year revenue growth in Q1 2026, reaching $61.8 million, driven by organic expansion, strong execution, and recent acquisitions.

• Transitioned to a public company, raising $226 million in primary capital through a SPAC transaction and completing a Nasdaq listing.

• Expanded geographic footprint with acquisitions of Hope Concrete and Nelson Bros. Ready Mix, strengthening presence in Texas and Louisiana.

• Maintains a decentralized operating model, focusing on local market leadership and customer relationships.

• Positioned as a consolidator in a fragmented ready-mix concrete industry, targeting high-growth Sun Belt markets.

Financial highlights

• Q1 2026 revenue: $61.8 million, up 64% year-over-year.

• Q1 2026 net loss: $1.7 million, compared to net income of $1.1 million in Q1 2025, reflecting higher operating and interest expenses.

• Adjusted EBITDA: $10.2 million, up 25% year-over-year; Supplemental Adjusted EBITDA: $10.9 million, up 24% year-over-year.

• Adjusted EBITDA margin: 16.5%; Supplemental Adjusted EBITDA margin: 17.6%.

• Ready-mix concrete volume increased 58% year-over-year in Q1.

Outlook and guidance

• FY 2026 revenue guidance: $420–$480 million.

• FY 2026 net income guidance: net loss of $4 million to net income of $20 million.

• FY 2026 adjusted EBITDA guidance: $68–$96 million; Supplemental Adjusted EBITDA guidance: $71–$96 million.

• Implied organic growth in guidance: 10–15%, with long-term target of 20% (half organic, half acquisitive).

• Guidance includes contributions from recent acquisitions but excludes future deals not yet closed, except one under LOI.