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Article: U.S. Concrete Updates Fourth Quarter 2007 Earnings Guidance.

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PR Newswire
Article date:
February 20, 2008
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- Provides First Quarter 2008 Earnings Guidance

- Announces 2007 Final Earnings Release and Conference Call Schedule

HOUSTON, Feb. 19 /PRNewswire-FirstCall/ -- U.S. Concrete, Inc. today announced that it expects to report a $77.9 million, or $2.03 per share, after-tax noncash charge during the fourth quarter of 2007 to reduce a portion of the carrying value of the Company's goodwill pursuant to Statement of Financial Accounting Standards ("SFAS") No. 142. As a result, the Company expects to report a fourth quarter 2007 net loss from continuing operations of approximately ($2.00) - $(2.03) per diluted share. Excluding this noncash goodwill impairment ...

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