Suncrete, Inc. (NASDAQ: RMIX) announced its financial results for the third quarter ended September 30, 2026, reporting a significant increase in revenue compared to both the prior year and the previous quarter.
The company recorded revenues of $141.0 million for the third quarter of 2026. This figure represents a 163% increase compared to the $53.5 million generated in the same quarter of 2025. Additionally, revenue increased by 45% compared to the $97.2 million reported in the second quarter of 2026.
In terms of profitability, the company reported a net income of $78 thousand for the third quarter. This is a substantial improvement compared to the net loss of $37.1 million reported in the second quarter of 2026, and a reversal from the net income of $4.6 million recorded in the third quarter of 2025.
Adjusted EBITDA for the third quarter was $22.4 million, an increase of 66% compared to the $13.5 million reported in the second quarter of 2026 and a 64% increase compared to the prior year's quarter. The company also reported Supplemental Adjusted EBITDA of $23.3 million, which excludes affiliated consultant compensation, marking a 60% increase from the $14.6 million in the second quarter of 2026.
Regarding operations, total yards of ready-mix concrete produced and delivered increased by 32% compared to the second quarter of 2026 and by 125% compared to the same quarter last year.
The company also provided guidance for the full year 2026. Suncrete expects revenue to be in the range of $408.0 million to $434.0 million. The company anticipates a net loss between $(48.7) million and $(44.7) million, and Adjusted EBITDA between $60.0 million and $64.0 million.
