The 64% revenue beat vs consensus of $64.5M is positive, but the GAAP net loss and margin compression are concerning. Watch for the Q2 2026 report to see if the Hope Concrete and Nelson Bros acquisitions begin to improve profitability. The wide 2026 guidance range ($420M-$480M revenue) suggests high uncertainty — monitor for any intra-quarter updates.
Price Chart
Executive Summary
Suncrete reported Q1 2026 revenue of $61.8M (+64% YoY), but swung to a net loss of $1.7M vs net income of $1.1M a year ago, driven by a 54% surge in SG&A and higher interest expense. The company introduced 2026 revenue guidance of $420M-$480M and Adjusted EBITDA guidance of $68M-$93M, reflecting the contribution of recent acquisitions. The strong top-line growth is offset by deteriorating profitability and a GAAP net loss, making this a mixed report.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $61.8M, up 64% YoY from $37.7M
- Net loss of $1.7M vs net income of $1.1M in Q1 2025 (a 263% decline)
- Adjusted EBITDA $10.2M, up 25% YoY from $8.1M
- 2026 revenue guidance: $420M-$480M; Adjusted EBITDA: $68M-$93M
- Gross margin compressed to 32.0% from 35.4% a year ago
- Operating cash flow $7.2M, up from $4.4M in Q1 2025
- Completed acquisitions of Hope Concrete and Nelson Bros post-quarter-end
- Net loss margin of -2.8% vs +2.8% a year ago
Financial Impact
Revenue grew 64% YoY to $61.8M, but net income swung from +$1.1M to -$1.7M. Adjusted EBITDA rose 25% to $10.2M. 2026 guidance implies revenue of $420M-$480M and Adjusted EBITDA of $68M-$93M.
Risk Factors
- Net loss and negative GAAP profitability despite strong revenue growth
- Gross margin declined from 35.4% to 32.0% YoY
- Interest expense rose 54% to $4.0M, pressuring earnings
- Substantial debt of $199M vs $6.3M cash on hand
- Integration risk from multiple recent acquisitions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-225451 |
| Document: d176417d8k.htm | 0001193125-26-225451 |
| Document: 0001193125-26-225451-index-headers.html | 0001193125-26-225451 |
| Document: 0001193125-26-225451-index.html | 0001193125-26-225451 |
| Document: 0001193125-26-225451.txt | 0001193125-26-225451 |
| 8-K Data (Synthetic) | 0001193125-26-225451 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | SC 13D/A | $8.98 | awaiting T+5 | — | $9.62 (+7.13%) |
Oct 16, 2026 11d ago | Press Release | $10.13 $8.98 | ▼ −11.35% | ▼ −10.92% | $9.62 (−5.03%) |
Oct 13, 2026 13d ago | SC 13D/A | $10.19 $9.45 | ▼ −7.26% | ▼ −7.72% | $9.62 (−5.59%) |
Oct 9, 2026 18d ago | SC 13G/A | $10.94 $9.80 | ▲ +10.42% | ▲ +8.93% | $9.62 (+12.07%) |
Aug 14, 2026 10w ago | 8-K | $18.47 $17.54 | ▼ −5.04% | ▼ −3.67% | $9.62 (−47.92%) |
Aug 14, 2026 10w ago | Press Release | $18.47 $17.54 | ▲ +5.04% | ▲ +3.67% | $9.62 (+47.92%) |
Jun 12, 2026 19w ago | 8-K | $22.76 $22.92 | ▲ +0.70% | ▲ +2.09% | $9.62 (−57.73%) |
May 26, 2026 22w ago | 8-K | $16.29 $18.02 | ▲ +10.62% | ▲ +10.15% | $9.62 (−40.95%) |
May 15, 2026 23w ago | 8-K | $17.64 $16.06 | ▼ −8.96% | ▼ −9.92% | $9.62 (−45.46%) |
May 15, 2026 23w ago | EFFECT | $17.64 $16.06 | ▲ +8.96% | ▲ +9.92% | $9.62 (+45.46%) |
US Market Status
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