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U.S. Concrete Reports Fourth Quarter and Year-End 2006 Results.
- Article from:
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PR Newswire
- Article date:
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February 26, 2007
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Copyright informationCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Fourth quarter revenues increased 33.6 percent to $210.5 million
- Fourth quarter EBITDA increased 35.7 percent to $19.9 million
- Provides first quarter 2007 guidance and reaffirms full year 2007 revenue and earnings guidance
HOUSTON, Feb. 26 /PRNewswire-FirstCall/ -- U.S. Concrete, Inc. today reported a net loss of $23.8 million, or ($0.63) per diluted share, for the fourth quarter of 2006, compared to net income of $4.1 million, or $0.14 per diluted share, in the fourth quarter of 2005. The net loss for the fourth quarter of 2006 includes a previously announced $26.8 million, after-tax non cash charge, to reduce the carrying value of the Company's goodwill ...
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