Suncrete reports 45% increase in Q3 revenue and 16.5% adjusted EBITDA margin
RMIX Suncrete Inc
$5.08 -37.44%
View chart & analysis → - 1Suncrete, Inc. recorded a 45% quarter-over-quarter revenue increase in Q3.
- 2Suncrete achieved an adjusted EBITDA margin of 16.5% in Q3.
- 3The company updated its annual guidance due to weakness in the residential construction sector and delays in large-scale projects.
So what's the key point?
Suncrete's Q3 revenue grew by 45% compared to the previous quarter. However, the company updated its annual targets because the home building business is struggling and large projects are being delayed.
Source The Motley Fool +1 · View original ↗
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