U S Concrete Inc's Suppliers recorded an increase in sales by 62.17 % year on year in Q2 2021, sequentially sales grew by 27.21 %, U S Concrete Inc recorded an increase in cost of sales by 3.72 % year on year, sequentially cost of sales grew by 11.28 % in Q2.
U S Concrete Inc's Suppliers recorded an increase in sales by 62.17 % year on year in Q2 2021, sequentially sales grew by 27.21 %, U S Concrete Inc recorded increase in cost of sales by 3.72 % year on year, sequentially cost of sales grew by 11.28 % in Q2.
We obtain most of the materials necessary to manufacture ready-mixed concrete
on a daily basis. These materials include cement, other cementitious materials
(such as fly ash and blast furnace slag) and aggregates (stone, gravel and sand),
in addition to certain chemical admixtures. With the exception of chemical admixtures,
each plant typically maintains an inventory level of these materials sufficient
to satisfy its operating needs for a few days. Our inventory levels do not decline
significantly or comparatively with declines in revenue during seasonally low
periods. We generally maintain inventory at specified levels to maximize purchasing
efficiencies and to be able to respond quickly to customer demand.
Typically, cement, other cementitious materials and aggregates represent the
highest-cost materials used in manufacturing a cubic yard of ready-mixed concrete.
We purchase cement from a few suppliers in each of our major geographic markets.
Chemical admixtures are generally purchased from suppliers under national purchasing
agreements.
We recognize the value in advocating green building and construction as part
of our strategy. We initiated EF Technology, our commitment to environmentally
friendly concrete technologies that significantly reduce potential CO2 emissions.
Our EF Technology ready-mixed concrete products replace a portion of cement
with reclaimed fly ash, blast furnace slag and other materials. We believe this
results in an environmentally superior and sustainable alternative to traditional
ready-mixed concrete. EF Technology reduces greenhouse gases and landfill space
consumption and produces a highly durable product. Customers can also obtain
LEED credits through the use of this technology. We believe our use of this
technology creates a competitive advantage over smaller concrete producers and
larger vertically integrated aggregate and cement companies that may not focus
on this as a first solution. We are positioned to take advantage of the growing
demand for these products which could expand our operating margins as they are
a lower cost alternative to cement.
U S Concrete Inc's Comment on Supply Chain
We obtain most of the materials necessary to manufacture ready-mixed concrete
on a daily basis. These materials include cement, other cementitious materials
(such as fly ash and blast furnace slag) and aggregates (stone, gravel and sand),
in addition to certain chemical admixtures. With the exception of chemical admixtures,
each plant typically maintains an inventory level of these materials sufficient
to satisfy its operating needs for a few days. Our inventory levels do not decline
significantly or comparatively with declines in revenue during seasonally low
periods. We generally maintain inventory at specified levels to maximize purchasing
efficiencies and to be able to respond quickly to customer demand.
Typically, cement, other cementitious materials and aggregates represent the
highest-cost materials used in manufacturing a cubic yard of ready-mixed concrete.
We purchase cement from a few suppliers in each of our major geographic markets.
Chemical admixtures are generally purchased from suppliers under national purchasing
agreements.
We recognize the value in advocating green building and construction as part
of our strategy. We initiated EF Technology, our commitment to environmentally
friendly concrete technologies that significantly reduce potential CO2 emissions.
Our EF Technology ready-mixed concrete products replace a portion of cement
with reclaimed fly ash, blast furnace slag and other materials. We believe this
results in an environmentally superior and sustainable alternative to traditional
ready-mixed concrete. EF Technology reduces greenhouse gases and landfill space
consumption and produces a highly durable product. Customers can also obtain
LEED credits through the use of this technology. We believe our use of this
technology creates a competitive advantage over smaller concrete producers and
larger vertically integrated aggregate and cement companies that may not focus
on this as a first solution. We are positioned to take advantage of the growing
demand for these products which could expand our operating margins as they are
a lower cost alternative to cement.
USCR's Suppliers Net Income grew by
USCR's Suppliers Net margin grew in Q2 to
236.42 %
16.77 %
USCR's Suppliers Net Income grew by 236.42 %
USCR's Suppliers Net margin grew in Q2 to 16.77 %
U S Concrete Inc's Suppliers Sales Growth
in Q2 2021 by Industry
Sources:
U s Concrete Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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