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| U.S. Concrete, Inc. |
| 1360 Post Oak Blvd, Suite 800, Houston, TX 77056 * (713) 350-6028 |
| Business Description | The company intends to become a leading value-added provider of ready mixed concrete and related products and services to the construction industry in major markets in the United States. |
| Offering Information Company has | |||
| Trading As | RMIX (NASNTL) | Industry | Manufacturing (SIC 3273) |
| Type of Stock Offered | Common Shares | Filing Date | 03/23/1999 |
| Domestic Shares Offered | 3,800,000 | Offer Date | 05/25/1999 |
| Foreign Shares Offered | 0 | Filing Range | $7.50 - $9.50 |
| Company Shares | 3,800,000 | Offer Price | $8.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.560 |
| Gross Proceeds | $30,400,000 | Selling | $0.320 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 15,638,543 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Scott & Stringfellow, Inc. | Lead Manager | (804) 780-3267 |
| Sanders Morris Mundy Inc. | Co-manager | (713) 250-4281 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | - - Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1998 | ||||||
| Revenues | - | - | - | - | - | - | 194.076 |
| Income from Oper. | - | - | - | - | - | - | 17.011 |
| Net Income | - | - | - | - | - | - | 9.302 |
| E.P.S | - | - | - | - | - | - | 0.590 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | 8.77 | - |
| Net Profit Margin (%) | - | - | - | - | - | 4.79 | - |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/1998 | Financial Ratios | ||||
| Total Assets | 132.52 | Current Assets | 30.30 | Current Ratio | 1.32 |
| Total Liab. | 67.82 | Current Liab. | 22.95 | Debt Ratio | 51.18% |
| Total Equity | 64.70 | Working Cap. | 7.35 | Debt to Equity Ratio | 1.05 |
| Cash | - | Return on Assets | 7.02% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to pay the cash portion of the purchase price for the initial acquisitions, to repay indebtedness. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Baker & Botts |
| Bank's Law Firm | Andrews & Kurth |
| Auditor | Arthur Andersen |
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