Company: RMIX
Filing Date: 2025-11-12
Form Type: S-4
Source: 0001104659-25-110488
Chunk: 385

Company: Suncrete, Inc.
Filing Date: 2025-11-12
Form: S-4
Chunk 385
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 Period, as the Concrete Acquisition did not close until July 29, 2024.

Predecessor Period (Six months ended June 30, 2024)

Adjusted EBITDA was $22.0 million, and Adjusted EBITDA Margin was 25.7%, for the Predecessor Interim 2024 Period. Results for the period reflect a full six months of operations prior to the Concrete Acquisition, supported by more favorable weather conditions, stable demand across the Company’s markets, and the contribution from the SMG assets acquisition in January 2024, which added eight plants to our network. This acquisition expanded delivery capacity and geographic coverage, contributing to increased scale and operational leverage during the period.

### LIQUIDITY AND CAPITAL RESOURCES

### Overview
Our primary needs for cash are for potential acquisitions and payment of contractual obligations, including debt, working capital obligations and acquisitions. Our primary sources of liquidity have historically been cash flows generated from operating activities and borrowings under our Revolving Loan. As of December 31, 2024 and 2023, we had a net working capital surplus of $19.4 million and $15.1 million, respectively. Our collection of receivables has historically been timely, and losses associated with uncollectible receivables have historically not been significant. Our cash balances totaled $8.4 million and $7.1 million as of December 31, 2024 and 2023, respectively.

We budget annually for both maintenance and growth capital expenditures. Maintenance capital expenditures are fairly predictable and represent routine reinvestments required to sustain our current operations, including mixer and haul truck replacements, plant repairs and other recurring equipment and fleet needs typical of the ready-mix industry. By contrast, growth capital expenditures are discretionary and can fluctuate depending on the timing and scale of opportunities to expand within our existing footprint, such as new plant construction, capacity additions or targeted fleet expansion. Acquisition capital expenditures, such as the purchase of new plants or other strategic assets, are not part of our recurring capital program and require approval from our board of directors.

The ultimate amount of our future capital expenditures will depend upon a variety of factors, including raw material and equipment pricing, construction activity levels in our markets and the availability of attractive opportunities to support growth.

We believe that our cash flows from operations will be sufficient to fund our operations and planned maintenance capital expenditures for at least the next 12 months. However, the timing and amount of future growth or acquisition capital expenditures remain subject to market conditions