America's Robust Infrastructure Pipeline Keeps Paying Dividends for U.S. Concrete
The American Society of Civil Engineers releases a report card for America's infrastructure every four years. When the last grade was handed down in 2017, the nation earned a D-plus and faced a 10-year funding shortfall of over $2 trillion. But there could be reasons for cautious optimism.
A number of metropolitan areas from New York City to Dallas-Fort Worth to the San Francisco Bay Area are throwing down multibillion-dollar investments on long-overdue improvements. All of those regions are served by U.S. Concrete (NASDAQ: USCR), which has been busy consolidating the urban ready-mix concrete industry throughout the record economic expansion.
While the business posted record quarterly results in the third quarter of 2019 and expects growth to continue through 2020, management struck a cautious tone for full-year 2019 results. Wall Street responded by selling off the infrastructure stock. Here's what investors need to know about the latest operating results.
Source Fool.com
