Economic Moat
PREMIUM
Capital Allocation
PREMIUM
Contributions from the February 2020 acquisition of Coram Materials benefited U.S. Concrete’s fourth quarter, driving aggregates volume growth of 8.2% over the prior-year quarter to 3.1 million tons. Higher prices in the acquired assets also helped drive an adjusted EBITDA margin expansion of 890 basis points to 38.8%. Aggregates adjusted EBITDA for the quarter was up 42.3% to $21.2 million.
U.S. Concrete sells ready-mixed concrete in several major markets in the United States, primarily in Texas, northern California, and the New York metro area. While U.S. Concrete also produces aggregates in some of its markets and has made more acquisitions in this area in recent years, the company primarily uses its aggregates production internally for its ready-mixed concrete operations. During 2020, U.S. Concrete sold approximately 8.2 million cubic yards of ready-mixed concrete and approximately 12.6 million tons of aggregates.
