Comparing the current results to its competitors, U S Concrete Inc reported Revenue increase in the 2 quarter 2021 by 1.46 % year on year. The revenue growth was below U S Concrete Inc 's competitors' average revenue growth of 5.68 %, achieved in the same quarter.
U S Concrete Inc 's Comment on Competition and Industry Peers
The ready-mixed concrete industry is highly competitive. Our leadership position
in a market depends largely on the location and operating costs of our plants
and prevailing prices in that market. Price is the primary competitive factor
among suppliers for small or less complex jobs, such as residential construction.
However, the ability to meet demanding specifications for strength or sustainability,
timeliness of delivery and consistency of quality and service, in addition to
price, are the principal competitive factors among suppliers for large or complex
jobs. Our competitors range from small, owner-operated private companies to subsidiaries
of operating units of large, vertically integrated manufacturers of cement and
aggregates. Our vertically integrated competitors generally have greater financial
and marketing resources than we have, providing them with a competitive advantage.
We continue to focus on developing new competitive advantages that will differentiate
us from our competitors, such as our high-performing, low-CO2 concrete, and
ARIDUS® Rapid Drying Concrete technology. For example, Central Concrete
Supply Co., Inc. (“Central Concrete”), one of our subsidiaries,
differentiated itself from its competitors to supply its high-performing, low-CO2
concrete for Levis Stadium, home of the San Francisco 49ers. Central Concrete
supplied an estimated 80,000 cubic yards of concrete for the auger cast piles
and the overall stadium structure, sidewalks, and architectural concrete.
Eagle Materials Inc operates using a diverse business model focused on manufacturing and supplying building materials, primarily cement, concrete, and aggregates. The company's strategy involves vertically integrating its operations, from mining raw materials to distributing finished products. Moreover, Eagle Materials strives to provide a high level of customer service and maintain competitive pricing in the construction industry.
Granite Construction Inc operates as a heavy civil contractor, providing construction services primarily in the transportation infrastructure sector. They engage in projects such as highways, bridges, tunnels, airports, and other large-scale public infrastructure developments.
MDU Resources Group Inc has a diversified business model focused on energy and infrastructure, providing construction services, energy transportation and storage, and electric and natural gas distribution. They aim to generate revenue and profit by delivering these services to customers across different sectors and regions.
Martin Marietta Materials Inc is a premier supplier of aggregates and heavy building materials focused on the construction and infrastructure sectors in the United States. Their business model centers on providing high-quality crushed stone, sand, and gravel through an expansive network of quarries and production facilities, emphasizing efficiency and sustainability in meeting market demands.
Smith-Midland Corporation operates as a precast concrete manufacturer and construction company. Their business model involves producing and selling a wide range of precast concrete products, including sound barriers, architectural panels, and burial vaults. They also offer installation and construction services, catering to both residential and commercial markets.
Sources:
U s Concrete Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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