Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 382

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 382
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5) Gross profit totaled $26.1 million, or 33.8% of revenue, for the Successor Interim 2025 Period. Results reflect the volume and cost trends discussed in the “Revenue” and “Cost of Goods Sold” sections above,

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including unfavorable delivered volumes resulting from unusually heavy rainfall and increased per-unit costs from reduced fixed-cost absorption. Gross margins were further impacted by higher depreciation expense associated with the fair value step-up of property, plant and equipment in connection with the Concrete Acquisition.

Successor Stub Period (Period from Inception (May 22, 2024) through June 30, 2024)

There were no operating activities during the Successor Interim 2024 Period, as the Concrete Acquisition did not close until July 29, 2024.

Predecessor Period (Six months ended June 30, 2024)

Gross profit totaled $32.2 million, or 37.5% of revenue, for the Predecessor Interim 2024 Period. Gross margins during this period benefited from higher volumes driven by the SMG assets acquisition in 2024, which added eight plants to the network and expanded delivery capacity. Increased scale improved fixed cost absorption and supported strong gross margins, which also benefited from stable pricing conditions.

#### Operating Expenses
Selling, General and Administrative Expenses

Successor Period (Six months ended June 30, 2025)

SG&A expenses totaled $19.5 million for the Successor Interim 2025 Period. Activity during the period primarily reflects amortization of customer relationship intangibles and depreciation associated with the fair value step-up of property, plant and equipment recorded in connection with the Concrete Acquisition. SG&A also includes affiliated consultant compensation, professional services costs, and other expenses incurred to support our transition to a public company environment.

Successor Stub Period (Period from Inception (May 22, 2024) through June 30, 2024)

There were no SG&A expenses during the Successor Interim 2024 Period, as the Concrete Acquisition did not close until July 29, 2024.

Predecessor Period (Six months ended June 30, 2024)

SG&A expenses totaled $13.9 million for the Predecessor Interim 2024 Period. Activity during this period primarily reflects baseline overhead, personnel costs, and administrative expenses associated with the historical operations of the Predecessor, as well as additional costs incurred in connection with the