DALLAS, March 11, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring U.S. Concrete Inc. (Nasdaq:RMIX). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/RMIX
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U.S. Concrete Inc. (RMIX) is a producer of ready-mixed concrete, precast concrete products and concrete-related products in select markets in the United States. The Company operates its business through its ready-mixed concrete and concrete-related products segment, and its precast products concrete segment. As of March 12, 2009, the Company had 132 fixed and 12 portable ready-mixed concrete plants, seven precast concrete plants, one concrete block plant and seven producing aggregates facilities (including 27 fixed ready-mixed concrete plants and one masonry block plant operated by its 60%-owned Michigan subsidiary). The Company operates in two business segments: ready-mixed concrete and concrete-related products, and precast concrete products. In November 2008, the Company acquired a ready-mixed concrete plant and related inventory in Brooklyn, New York. In January 2008, the Company acquired a ready-mixed concrete operation in Staten Island, New York.
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In the report, the analyst notes:
"RMIX recently reported a net loss attributable to stockholders of $16.7 million, or 46 cents per diluted share, for the quarter ended December 31, 2009, compared to a net loss attributable to stockholders of $132.2 million, or $3.63 per diluted share, in the fourth quarter of 2008.
"RMIX recently announced that it has engaged Lazard Freres & Co. LLC and AlixPartners as its financial advisors, and Kirkland & Ellis LLP as its legal advisor, to assist the Company in assessing potential alternatives to strengthen its balance sheet. These alternatives include addressing the Company's 8 3/8% senior subordinated notes due April 1, 2014."
To read the entire report visit: http://www.stockpreacher.com/n/RMIX
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