Suncrete (RMIX) Q3 2026

Q3 revenues rose 163% to $141.0M on acquisitions, but Suncrete cut its 2026 outlook.

Suncrete · Q3 2026 · Published Nov 13, 2026 · By DeepCell AI · Sources

Suncrete (RMIX) Q3 2026

Quarter ended September 30, 2026

For information only, not investment advice. No rating or price target.

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1 · Suncrete Q3 2026 earnings review

Q3 revenues rose 163% to $141.0M on acquisitions, but Suncrete cut its 2026 outlook

  1. 1.The 2026 adjusted EBITDA guidance midpoint fell 23.0% to $62.0M, a DeepCell calculation
  2. 2.Adjusted EBITDA rose 64% to $22.4M, as stated
  3. 3.Net income fell to $0.078M from $4.6M as interest and amortization rose
  4. 4.Organic revenue growth was about 10%, as stated
  5. 5.Shares were up 8.4% pre-market at $8.80 as of 8:52 AM ET, not a close

Note: EBITDA is earnings before interest, taxes, depreciation and amortization. The guidance change and the share price change are DeepCell calculations. Adjusted EBITDA is a non-GAAP measure defined by Suncrete. The pre-market price is not a close.Source: Suncrete official Q3 2026 results release (Form 8-K, Ex. 99.1, accession 0001193125-26-459408), Nov 13, 2026; CNBC (third-party market data), Nov 13, 2026 8:52 AM ET

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2 · Executive summary

Q3 diluted EPS was -$0.01 vs. $0.11, and the shares traded at $8.80 pre-market

Q3 2026 reported results vs. Q3 2025

MetricQ3 2025Q3 2026Change
Gross profit$19.8M$39.5M99.7%
Operating income$7.2M$5.3MLower
Diluted EPS ($)$0.11-$0.01n.m.

Share price, Nov 12 regular close to Nov 13

Suncrete (Nasdaq)Nov 12 closePre-market, 8:52 AM ETChange ($)Change (%)
RMIX$8.12$8.80+$0.68+8.4%

Note: No consensus is shown: we did not open a dated third-party consensus, so there is no Beat or Miss. Gross profit growth and the price change are DeepCell calculations. Prices are CNBC third-party data. The pre-market price is not a close.Source: Suncrete official Q3 2026 results release (Form 8-K, Ex. 99.1, accession 0001193125-26-459408), Nov 13, 2026; CNBC (third-party market data), Nov 13, 2026 8:52 AM ET

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3 · Q3 results and share price

Suncrete revised its 2026 revenue range to $408.0M to $434.0M and its net loss range to ($48.7M) to ($44.7M)

2026 outlook: Aug 14, 2026 (maintained) vs. Nov 13, 2026 (revised), $M

MeasureAug 14 lowAug 14 highNov 13 lowNov 13 high
Revenue$420.0M$480.0M$408.0M$434.0M
Net loss($31.0M)($7.0M)($48.7M)($44.7M)
Adjusted EBITDA$68.0M$93.0M$60.0M$64.0M
Supplemental adjusted EBITDA$71.0M$96.0M$63.6M$67.6M

Note: EBITDA is earnings before interest, taxes, depreciation and amortization. Ranges are as stated by the company; the Nov 13 net loss range is narrower than the Aug 14 range and sits at a larger loss. Midpoint changes are DeepCell calculations. The outlook excludes future acquisitions. Supplemental adjusted EBITDA excludes affiliated consultant pay.Source: Suncrete official Q3 2026 results release (Form 8-K, Ex. 99.1, accession 0001193125-26-459408), Nov 13, 2026; Suncrete Q2 2026 results release with the prior 2026 outlook, Aug 14, 2026

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4 · 2026 guidance revision

Gross profit rose 99.7%, but SG&A rose faster and operating income fell to $5.3M

  1. AcquisitionsHope Concrete, Nelson Bros. and ABC Block joined in Q2 2026, which lifted revenues.
  2. MarginGross margin fell to 28.1% from 37.0%, a DeepCell calculation.
  3. OverheadSG&A rose to 22.1% of revenues from 19.6%.

Key figures (U.S. GAAP and non-GAAP)

$M unless notedQ3 2025Q3 2026YoY
Revenues$53.5M$141.0M163.3%
SG&A$10.5M$31.1M196.1%
Interest expense, net$2.6M$5.2M99.2%
Adjusted EBITDA$13.7M$22.4M63.6%

Note: EBITDA is earnings before interest, taxes, depreciation and amortization; SG&A is selling, general and administrative. The YoY column is a DeepCell calculation; Suncrete states revenue growth of 163% and adjusted EBITDA growth of 64%. Expenses are shown without signs.Source: Suncrete official Q3 2026 results release (Form 8-K, Ex. 99.1, accession 0001193125-26-459408), Nov 13, 2026; analysis of company data

5

5 · Q3 key financials

6 · Revenue trend

The adjusted EBITDA guidance midpoint fell to $62.0M from $80.5M

2026 adjusted EBITDA guidance midpoint

$M, Aug 14, 2026 vs. Nov 13, 2026

v · Aug 14 outlook: $80.5Mv · Nov 13 outlook: $62.0MAug 14 outlookNov 13 outlook$0M$25M$50M$75M$100M$80.5M$62.0M
The revenue guidance midpoint fell to $421.0M from $450.0M.“As we approach year-end, some large projects are shifting start dates into 2027, while elevated interest rates continue to pressure residential construction.” Randall Edgar, CEO

Note: EBITDA is earnings before interest, taxes, depreciation and amortization. Midpoints are DeepCell calculations from the ranges in the two releases.Source: Suncrete official Q3 2026 results release (Form 8-K, Ex. 99.1, accession 0001193125-26-459408), Nov 13, 2026; Suncrete Q2 2026 results release with the prior 2026 outlook, Aug 14, 2026

7

7 · Guidance midpoint change

Depreciation and amortization of $11.2M explain most of the gap to adjusted EBITDA

  1. AmortizationDepreciation and amortization rose 158% as acquired assets were added.
  2. Deal costsAcquisition-related costs were $3.0M in the quarter.
  3. Step-upAn inventory fair-value step-up added back $1.7M.

Net income to adjusted EBITDA, Q3 2026

$MQ3 2025Q3 2026
Net income$4.6M$0.078M
Share-based compensation$0.1M$1.1M
Affiliated consultant pay$0.7M$0.9M
Supplemental adjusted EBITDA$14.4M$23.3M

Note: EBITDA is earnings before interest, taxes, depreciation and amortization. Adjusted EBITDA adds back interest, taxes, depreciation and amortization, share-based pay, deal costs and the step-up. Supplemental adjusted EBITDA also adds back affiliated consultant pay.Source: Suncrete official Q3 2026 results release (Form 8-K, Ex. 99.1, accession 0001193125-26-459408), Nov 13, 2026; analysis of company data

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8 · Adjusted EBITDA bridge

Total debt rose to $259.2M as acquisitions used $172.6M of cash in nine months

  1. CashCash and cash equivalents rose to $49.0M from $6.3M.
  2. EquityRedeemable mezzanine equity fell to nil, and stockholders equity turned positive at $358.6M.
  3. Cash flowNine-month operating cash flow was an outflow of $8.2M.

Balance sheet

$MDec 31, 2025Sep 30, 2026
Goodwill$79.5M$140.7M
Total assets$384.7M$711.0M
Net debt$193.9M$210.1M
Redeemable mezzanine equity$157.2M$0.0M

Note: Total debt is current and long-term debt, net. Net debt is total debt less cash, a DeepCell calculation. Lease liabilities are excluded.Source: Suncrete official Q3 2026 results release (Form 8-K, Ex. 99.1, accession 0001193125-26-459408), Nov 13, 2026; analysis of company data

9

9 · Balance sheet and debt

Project timing, housing demand and leverage are the main watch items

Indicator
What to watch
Implication
Latest reading
Project timing
Large projects move into 2027
Q4 revenues come in lower
Revenue guidance midpoint $421M, a DeepCell calculation
Housing
High rates weigh on residential work
Volumes soften
Organic growth about 10%
Leverage
Total debt rose this year
Interest costs rise
Interest expense $5.2M

Source: Suncrete official Q3 2026 results release (Form 8-K, Ex. 99.1, accession 0001193125-26-459408), Nov 13, 2026; analysis of company data

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10 · Key risks to guidance

Appendix: income statement detail

Revenue to operating income

$M unless notedQ3 2025Q3 2026YoY
Cost of goods sold$33.7M$101.4Mn.m.
Loss on disposal of assets$0.2M$0.1Mn.m.
Income before income taxes$4.6M$0.2Mn.m.

Earnings to common

$M unless notedQ3 2025Q3 2026YoY
Preferred distributions and dividends$0.6M$0.6Mn.m.
Accretion of redeemable units$1.5M$0.0Mn.m.
Net income (loss) to common$2.5M-$0.5Mn.m.
Basic EPS ($)$0.13-$0.01n.m.

Note: n.m. means not meaningful. Costs and deductions are shown without signs.Source: Suncrete official Q3 2026 results release (Form 8-K, Ex. 99.1, accession 0001193125-26-459408), Nov 13, 2026; analysis of company data

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11 · Appendix: Income statement

Appendix: sources

  • Results release, Q3 2026 (Form 8-K, Ex. 99.1, accession 0001193125-26-459408, Nov 13, 2026) — https://www.sec.gov/Archives/edgar/data/2094433/000119312526459408/rmix-ex99_1.htm
  • Prior outlook: Q2 2026 results release (Form 8-K, Ex. 99.1, accession 0001193125-26-350558, Aug 14, 2026) — https://www.sec.gov/Archives/edgar/data/2094433/000119312526350558/d156057dex991.htm
  • Share price (third-party market data): CNBC RMIX quote, Nov 12, 2026 close $8.12 and pre-market last $8.80 at 8:52 AM ET on Nov 13, 2026 — https://www.cnbc.com/quotes/RMIX
  • Suncrete reports under U.S. GAAP in U.S. dollars, in thousands.

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12

12 · Sources

Important disclosures and disclaimer

For information only. This presentation is provided for information only. It is not investment, legal, tax or accounting advice, and it is not an offer, or a solicitation of an offer, to buy or sell any security.

No recommendation. It carries no rating, price target or buy, sell or hold view, and it was prepared without regard to any reader’s investment objectives, financial situation or needs.

Sources and accuracy. Company figures come from Suncrete, Inc.’s Q3 2026 results release, furnished on Form 8-K on November 13, 2026, and its Q2 2026 release of August 14, 2026. Share prices (CNBC) are third-party data, credited on the sources page. We have not independently verified third-party data.

Basis of presentation. Figures are U.S. GAAP unless labelled adjusted, in U.S. dollars, for the three months ended September 30, 2026 and September 30, 2025. Adjusted EBITDA and supplemental adjusted EBITDA are non-GAAP measures defined by Suncrete.

Forward-looking statements. Company outlook statements and the watch items in this deck are forward-looking and may not be achieved. Readers should check the figures against the original filings.

Date of analysis. Share prices are the CNBC regular-session close on November 12, 2026, and the pre-market last at 8:52 AM ET on November 13, 2026. The pre-market price is not a close.

Built with DeepCell / deepcell.net

13

13 · Disclosures

Sources

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