| Business Summary | | U.
S.
Concrete,
Inc.
provides
ready-mixed
concrete,
and
related
products
and
services
to
the
construction
industry
in
several
major
United
States
markets.
As
of
March
15,
2001,
the
Company
had
73
operating
plants
producing
over
5.6
million
cubic
yards
of
ready-mixed
concrete
annually.
Ready-mixed
concrete
is
produced
by
combining
the
desired
type
of
cement,
sand,
gravel
and
crushed
stone
with
water
and
typically
one
or
more
admixtures,
such
as
chemicals,
minerals
and
fibers.
The
Company's
operations
consist
principally
of
formulating,
preparing,
delivering
and
placing
ready-mixed
concrete
at
the
job
sites
of
its
customers.
The
Company
provides
services
intended
to
reduce
its
customers'
overall
construction
costs
by
lowering
the
installed,
or
in-place,
cost
of
concrete.
These
services
include
the
formulation
of
new
mixtures
for
specific
design
uses,
on-site
and
lab-based
product
quality
control
and
delivery
programs
the
Company
configures
to
meet
its
customers'
needs. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | U.S.
Concrete
Inc.
is
a
value-added
provider
of
ready-mixed
concrete
and
related
products
and
services
to
the
construction
industry
in
major
markets
in
the
United
States.
For
the
six
months
ended
6/30/01,
revenues
rose
30%
to
$226.2
million.
Net
income
fell
61%
to
$3.2
million.
Revenues
reflect
acquisitions.
Lower
income
reflects
an
increase
in
personnel
expenses,
a
$2.1
million
special
compensation
charge
and
higher
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Vincent Foster, 44 Chairman | -- | Eugene Martineau, 61 Pres,
CEO | $256K | Michael Harlan, 40 CFO,
Sr. VP, Director | 172K | William Albanese, 57 Director;
Pres of Central Concrete Supply | 208K | Michael Mitschele, 44 Director;
Pres of Baer | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|