U.S. Concrete, Inc. (RMIX) 2004年年度报告「NASDAQ」.pdf

1、2 0 0 4 U.S.C O N C R E T E A N N U A L R E P O R T VI SI O N F O C U S STRATEGY2 0 0 4 U.S.C O N C R E T E A N N U A L R E P O R T VI SI O NF O C U SSTRATEGYhe United States concrete industry,with revenue exceeding$50 billion annually,iscomprised of ready-mixed concrete,precastconcrete,concrete mas

2、onry and other concrete products.The ready-mixed concrete industry,which accounts for more than half of all annual concrete sales,is a frag-mented,consolidating industry with approximately2,500 small independent operators,a number of regionalindependent operators and several larger,verticallyintegra

3、ted manufacturers of cement and aggregates.In fact,since the late 1990s,the entire concrete industryhas experienced consolidation,and we expect this trend to continue into the foreseeable future.We believe that this presents growth opportunities for a company such as U.S.Concrete,which has a nationa

4、l strategy,a focused acquisition program and access to capital.Year Ended December 31,(amounts in thousands)2004 2003 2002Revenues$500,589$473,124$503,314Total Assets$449,159$400,974$382,222Long-Term Debt,$200,777$155,039$161,808 Including Current Maturities Total Stockholders Equity$168,849$176,711

5、$161,845Headquartered in Houston,Texas,U.S.Concrete,Inc.is a major producer of ready-mixed concrete and concrete products in select markets in the United States.As of March 15,2005,we have 88 fi xed and seven portableready-mixed concrete plants,eight precast concreteplants,three concrete block plant

6、s and one aggregatesquarry.During 2004,our facilities produced approximately5.1 million cubic yards of ready-mixed concrete,5.3 millioneight-inch equivalent block units and 1.1 million tons ofaggregates.Our common stock trades on The NasdaqNational Market under the symbol“RMIX.”RMIXA Letter to Our S