Ready Mix Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenue decreased 62.3% to $6.2 million compared to revenue of $16.4 million for the third quarter of 2008. The net loss for the third quarter of 2009 was $1.4 million or $0.36 per basic and diluted share compared to a net loss for the third quarter of 2008 of $0.6 million or $0.16 per basic and diluted share. The company reported loss from operations of $2.45 million and loss before income taxes of $2.13 million compared to $1.01 million and $0.95 million, respectively for the same period a year ago. For the nine months ended September 30, 2009, the company reported revenue decreased 56.1% to $21.6 million, compared to $49.2 million for the first nine months of 2008. The net loss for the first nine months of 2009 was $4.7 million or $1.24 per basic and diluted share compared to a net loss for the first nine months of 2008 of $1.7 million, or $0.45 per basic and diluted share. The company reported loss from operations of $7.64 million and loss before income taxes of $7.17 million compared to $2.82 million and $2.7 million, respectively for the same period a year ago.

Ready Mix, Inc., Q3 2009 Earnings Call, Nov-13-2009

Ready Mix Inc. announced unaudited financial results for the second quarter and six months ended June 30, 2009. For the quarter, revenue decreased 60.4% to $6.8 million, compared to revenue of $17.1 million for the second quarter of 2008. Cubic yards of concrete sold decreased 56.1% for the second quarter of 2009 compared to the same period of 2008, while average unit sales price decreased 13.5%. Loss from operations was $2.7 million against $0.8 million for the same period a year ago. Loss before income taxes was $2.7 million against $0.7 million for the same period a year ago. The net loss was $1.8 million, or $0.47 per basic and diluted share. This compares to a net loss for the second quarter of 2008 of $0.5 million, or $0.12 per basic and diluted share. For the first half of 2009, revenue decreased 52.9% to $15.5 million, compared to $32.9 million for the first six months of 2008. Cubic yards of concrete sold decreased 48.6% for the first half of 2009 versus the same period last year, while average unit sales price decreased 12.2%. Loss from operations was $5.2 million against $1.8 million for the same period a year ago. Loss before income taxes was $5.04 million against $1.7 million for the same period a year ago. The net loss was $3.3 million, or $0.87 per basic and diluted share. This compares to a net loss for the first six months of 2008 of $1.1 million, or $0.29 per basic and diluted share.