EULESS, TX--(Marketwired - September 21, 2016) - U.S. Concrete, Inc. (NASDAQ: USCR) announced today that the National Ready Mix Concrete Association (NRMCA) has recognized multiple U.S. Concrete business units for their commitment to excellence and safety. Winners were honored September 20th at the NRMCA's ConcreteWorks Conference located in Nashville, TN.
NRMCA 2016 Environmental Excellence Award
The NRMCA's Environmental Excellence Award, now in its 21st year, recognizes NRMCA Producers for outstanding contributions to protecting the environment and maintaining sound environmental management practices in their operations. Central Concrete Supply Company, Inc., a northern California business unit of U.S. Concrete, was awarded first place in the Western Region Category for its Martinez, CA Plant and third place for its Redwood City, CA Plant.
NRMCA 2016 Excellence in Quality Awards
U.S. Concrete's family of business units in U.S. Concrete's West Region, made up of 11 Central Concrete Supply Company, Inc. Plants and five Right-Away Redy Mix Plants, chosen as 2016 NRMCA Excellence in Quality Award recipients for Category A (annual production exceeding 1 million cubic yards). The NRMCA noted, "Winning producers have demonstrated that they followed and exceeded quality management principles over a broad range of activities from commitment to quality, materials management, managing production facilities, product quality control and maintaining a high level of customer satisfaction."
NRMCA Excellence in Safety Awards
A total of 38 U.S. Concrete plants across the nation were recognized by the NRMCA for their safety performance. The three-tiers of "Excellence in Safety Awards" are broken into Gold, Silver and Bronze.
- A total of 28 U.S. Concrete Plants received the Gold Award, noting an incident rate equal to zero, including:
- Atlas-Tuck Concrete (Five Plants) Location: Oklahoma
- Central Concrete Supply Company (Seven Plants) Location: California
- Redi-Mix Concrete (14 Plants) Location: Texas
- Right-Away Redy Mix (Two Plants) Location: California
- A total of eight U.S. Concrete Plants received the Silver Award, noting an incident rate greater than zero and equal to or less than 3.15 (1/2 the industry average)
- Central Concrete Supply Company (Three Plants) Location: California
- Custom-Crete (Three Plants) Location: Texas
- Redi-Mix Concrete (Two Plants) Location: Texas
- A total of two U.S. Concrete Plants received the Bronze Award, noting an incident rate greater than 3.15 and less than 6.3
- Redi-Mix Concrete (Two Plants) Location: Texas
About U.S. Concrete, Inc.
U.S. Concrete, Inc. (the "Company" or "U.S. Concrete") serves the construction industry in several major markets in the United States through its two business segments: ready-mixed concrete and aggregate products. The Company has 155 standard ready-mixed concrete plants, 16 volumetric ready-mixed concrete facilities, and 14 producing aggregates facilities. During 2015, U.S. Concrete sold approximately 7.0 million cubic yards of ready-mixed concrete and approximately 4.9 million tons of aggregates. For more information on U.S. Concrete, visit www.us-concrete.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press release contains various forward-looking statements and information that are based on management's belief, as well as assumptions made by and information currently available to management. These forward-looking statements speak only as of the date of this press release. The Company disclaims any obligation to update these forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except as required by federal securities laws, and cautions you not to rely unduly on them. Forward-looking information includes, but is not limited to, statements concerning plans, objectives, goals, projections, strategies, future events or performance, and underlying assumptions and other statements, which are not statements of historical facts. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms or other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include projections of our future financial performance, our anticipated growth strategies and anticipated trends in our business. These statements are predictions based on our current expectations and projects about future events. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that those expectations will prove to have been correct. Such forward-looking statements, by their nature, are subject to certain risks, uncertainties and assumptions, including, among other matters: general and regional economic conditions, which will, among other things, affect demand for new residential and commercial construction; our ability to successfully identify, manage and integrate acquisitions; the cyclical nature of, and changes in, the real estate and construction markets, including pricing changes of our competitors; governmental requirements and initiatives, including those related to mortgage lending or mortgage financing, funding for public or infrastructure construction, land usage and environmental, health and safety matters; disruptions, uncertainties or volatility in the credit markets that may limit our, our suppliers' and our customers' access to capital; our ability to successfully implement our operating strategy; weather conditions; our substantial indebtedness and the restrictions imposed on us by the terms of our indebtedness; our ability to maintain favorable relationships with third parties who supply us with equipment and essential supplies; our ability to retain key personnel and maintain satisfactory labor relations; and product liability, property damage and other claims and insurance coverage issues. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those expected. These risks, as well as others, are discussed in greater detail in U.S. Concrete's filings with the Securities and Exchange Commission, including U.S. Concrete's Amendment No. 1 to Annual Report on Form 10-K/A for the year ended December 31, 2015.