Suncrete Swings to Q1 Net Loss, Revenue Rises; 2026 Outlook Issued
MT Newswires Live
May 15
Suncrete (RMIX) reported a Q1 net loss Friday of $1.7 million, swinging from a net income of $1.1 million a year earlier.
Revenue for the quarter ended March 31 was $61.8 million, up from $37.7 million a year earlier.
Analysts polled by FactSet expected $60.3 million.
Suncrete expects full-year 2026 net income or loss to be between a loss of $4 million and income of $20 million.
The company expects full-year 2026 revenue of about $420 million to $480 million. Four analysts surveyed by FactSet expect $449.6 million.
Shares of the company were up over 2% in Friday premarket activity.
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