##### Table of Contents



UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-Q
 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended March 31, 2006
 Commission File No 001-32440
 READY MIX, INC.
  Nevada
    
    86-0830443(State or other Jurisdiction of
    
    (I.R.S. Employer Identification Number)incorporation or organization)
 3430 East Flamingo Road, Suite 100
Las Vegas, Nevada 89121
(702) 433-2090
 þ o
 o o þ
 o þ
  Common Stock, $.001 par value
3,807,500 shares




---



##### 



READY MIX, INC.
INDEX
REPORT ON FORM 10-Q
FOR THE QUARTER ENDED MARCH 31, 2006
  
 PART I. FINANCIAL INFORMATIONItem 1. Financial StatementsCondensed Balance Sheets  As of March 31, 2006 (Unaudited) and December 31, 2005
    
    
    3Condensed Statements of Operations (Unaudited)  Three months ended
March 31, 2006 and 2005 and Statement of Changes in Stockholders
Equity (Unaudited)
    
    
    4Condensed Statements of Cash Flows (Unaudited)  Three months ended March 31, 2006 and 2005
    
    
    5Notes to Condensed Financial Statements
    
    
    6Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    14Item 3. Quantitative and Qualitative Disclosure About Market Risk
    
    
    20Item 4. Controls and Procedures
    
    
    20PART II. OTHER INFORMATIONItem 1. Legal Proceedings
    
    
    21Item 1A. Risk Factors
    
    
    21Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    21Item 3. Defaults Upon Senior Securities
    
    
    21Item 4. Submission of Matters to a Vote of Security Holders
    
    
    22Item 5. Other Information
    
    
    22Item 6. Exhibits
    
    
    22Exhibit 31.1Exhibit 31.2Exhibit 32.1
  2




---



##### Table of Contents



PART I  FINANCIAL INFORMATION
 
 Item 1. Financial Statements
 READY MIX, INC.
 
 CONDENSED BALANCE SHEETS
 March 31,
    
    
    December 31,2006
    
    
    2005(Unaudited)Assets:Current assets:Cash and cash equivalents
    
    $
    10,238,452
    
    
    $
    12,110,417Accounts receivable, net
    
    
    11,135,024
    
    
    
    8,502,504Inventory
    
    
    694,681
    
    
    
    604,906Prepaid expenses
    
    
    1,050,404
    
    
    
    1,114,001Deferred tax asset
    
    
    192,240
    
    
    
    184,591Total current assets
    
    
    23,310,801
    
    
    
    22,516,419Property and equipment, net
    
    
    21,162,000
    
    
    
    17,049,210Refundable deposits
    
    
    554,141
    
    
    
    341,165Total assets
    
    $
    45,026,942
    
    
    $
    39,906,794Liabilities and stockholders equity:Current liabilities:Accounts payable
    
    $
    5,615,864
    
    
    $
    4,146,636Accrued liabilities
    
    
    1,624,013
    
    
    
    1,735,287Notes payable
    
    
    1,989,758
    
    
    
    1,670,643Obligations under capital leases
    
    
    476,274
    
    
    
    468,972Due to affiliate
    
    
    596,898
    
    
    
    84,810Income tax payable
    
    
    587,151
    
    
    
    224,514Total current liabilities
    
    
    10,889,958
    
    
    
    8,330,862Notes payable, less current portion
    
    
    7,238,140
    
    
    
    5,625,360Obligations under capital leases, less current portion
    
    
    133,104
    
    
    
    254,946Deferred tax liability
    
    
    1,729,472
    
    
    
    1,729,472Total liabilities
    
    
    19,990,674
    
    
    
    15,940,640Commitments and contingenciesStockholders equity:Preferred stock  $.001 par value; 5,000,000 shares authorized,
none issued and outstanding
    
    
    
    
    
    
    Common stock  $.001 par value; 15,000,000 shares authorized,
3,807,500 issued and outstanding
    
    
    3,808
    
    
    
    3,808Additional paid-in capital
    
    
    17,686,867
    
    
    
    17,632,465Retained earnings
    
    
    7,345,593
    
    
    
    6,329,881Total stockholders equity
    
    
    25,036,268
    
    
    
    23,966,154Total liabilities and stockholders equity
    
    $
    45,026,942
    
    
    $
    39,906,794
  3




---



##### Table of Contents



READY MIX, INC.
 
 CONDENSED STATEMENTS OF OPERATIONS AND
 CHANGES IN STOCKHOLDERS EQUITY
 (Unaudited)
 Three months endedMarch 31,2006
    
    
    2005Revenue:Revenue
    
    $
    21,024,588
    
    
    $
    13,973,851Revenue  related parties
    
    
    106,936
    
    
    
    357,646Total revenue
    
    
    21,131,524
    
    
    
    14,331,497Cost of revenue
    
    
    18,458,566
    
    
    
    13,249,447Gross profit
    
    
    2,672,958
    
    
    
    1,082,050General and administrative expenses
    
    
    1,136,671
    
    
    
    712,861Income from operations
    
    
    1,536,287
    
    
    
    369,189Other income (expense):Interest income
    
    
    92,898
    
    
    
    6,359Interest expense
    
    
    (29,286
    )
    
    
    (68,086
    )Other income
    
    
    5,801
    
    
    
    2,84069,413
    
    
    
    (58,887
    )Income before income taxes
    
    
    1,605,700
    
    
    
    310,302Income tax expense
    
    
    589,988
    
    
    
    111,709Net income
    
    $
    1,015,712
    
    
    $
    198,593Basic net income per common share
    
    $
    0.27
    
    
    $
    0.10Diluted net income per common share
    
    $
    0.26
    
    
    $
    0.10Basic weighted average common
shares outstanding
    
    
    3,807,500
    
    
    
    2,025,000Diluted weighted average common
shares outstanding
    
    
    3,866,588
    
    
    
    2,025,000
 Common StockNumber of
    
    
    
    
    
    
    AdditionalShares
    
    
    
    
    
    
    Paid-in
    
    
    RetainedOutstanding
    
    
    Amount
    
    
    Capital
    
    
    EarningsBalance at January 1, 2006
    
    
    3,807,500
    
    
    $
    3,808
    
    
    $
    17,632,465
    
    
    $
    6,329,881Stock based compensation
expense
    
    
    
    
    
    
    
    
    
    
    54,402Net income for the three
months
ended March 31, 2006
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,015,712Balance at March 31, 2006
    
    
    3,807,500
    
    
    $
    3,808
    
    
    $
    17,686,867
    
    
    $
    7,345,593
  4




---



##### Table of Contents



READY MIX, INC.
 
 CONDENSED STATEMENTS OF CASH FLOWS
 (Unaudited)
 Three months endedMarch 31,2006
    
    
    2005Increase (decrease) in cash and cash equivalents:Cash flows from operating activities:Cash received from customers
    
    $
    18,516,420
    
    
    $
    14,457,108Cash paid to suppliers and employees
    
    
    (17,639,009
    )
    
    
    (13,867,361
    )Taxes paid
    
    
    (235,000
    )
    
    
    Interest received
    
    
    92,898
    
    
    
    6,359Interest paid
    
    
    (29,286
    )
    
    
    (68,086
    )Net cash provided by operating activities
    
    
    706,023
    
    
    
    528,020Cash flows from investing activities:Purchase of property and equipment
    
    
    (4,045,717
    )
    
    
    (360,956
    )Net cash used in investing activities
    
    
    (4,045,717
    )
    
    
    (360,956
    )Cash flows from financing activities:Received from due to affiliate
    
    
    512,088
    
    
    
    73,912Proceeds from notes payable
    
    
    1,828,224
    
    
    
    Repayment of notes payable
    
    
    (758,043
    )
    
    
    (671,832
    )Repayment of capital lease obligations
    
    
    (114,540
    )
    
    
    (107,676
    )Net cash provided by (used in) financing activities
    
    
    1,467,729
    
    
    
    (705,596
    )Net decrease in cash and cash equivalents
    
    
    (1,871,965
    )
    
    
    (538,532
    )Cash and cash equivalents at beginning of period
    
    
    12,110,417
    
    
    
    1,424,629Cash and cash equivalents at end of period
    
    $
    10,238,452
    
    
    $
    886,097Reconciliation of net income to net cash provided by
operating activities:Net income
    
    $
    1,015,712
    
    
    $
    198,593Adjustments to reconcile net income to net cash
provided by operating activities:Depreciation and amortization
    
    
    788,250
    
    
    
    567,269Loss on sale of equipment
    
    
    6,391
    
    
    
    Deferred taxes, net
    
    
    (7,649
    )
    
    
    111,708Stock-based compensation expense
    
    
    54,402
    
    
    
    Provision for doubtful accounts
    
    
    (5,224
    )
    
    
    40,729Changes in operating assets and liabilities:Accounts receivable
    
    
    (2,627,296
    )
    
    
    122,771Prepaid expenses
    
    
    63,597
    
    
    
    (206,803
    )Inventory
    
    
    (89,775
    )
    
    
    (425,614
    )Refundable deposits
    
    
    (212,976
    )
    
    
    (39,135
    )Accounts payable
    
    
    1,469,228
    
    
    
    171,747Accrued liabilities
    
    
    (111,274
    )
    
    
    (13,245
    )Income tax payable
    
    
    362,637
    
    
    
    Net cash provided by operating activities
    
    $
    706,023
    
    
    $
    528,020
  5




---



##### Table of Contents



READY MIX, INC.
 
 NOTES TO CONDENSED FINANCIAL STATEMENTS
 1. Summary of Significant Accounting Policies and Use of Estimates:
 Presentation of Interim Information:
  Seasonal Variations:
  Nature of Corporation:
  Revenue Recognition:
  Earnings per Share:
  Stock-Based Compensation:
  6




---



##### Table of Contents



READY MIX, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
 1. Summary of Significant Accounting Policies and Use of Estimates (Continued):
 Stock-Based Compensation (Continued):
  
    
    Expected term is determined using a weighted average of the contractual term and vesting
period of the award;
    
    Expected volatility is measured using the weighted average of historical daily changes
in the market price of the Companys peer groups common stock over the expected term of
the award. The peer group is used since the Company does not have sufficient historical
daily changes in its common stock over the expected term of the award;
    
    Risk-free interest rate is equivalent to the implied yield on zero-coupon U.S. Treasury
bonds with a remaining maturity equal to the expected term of the awards; and,
    
    Forfeitures are based on the history of cancellations of similar awards granted by the
Company and managements analysis of potential forfeitures.
  Three monthsended March 31,2005Net income, as reported
    
    $
    198,593Add: Stock-based employee compensation expense included in reported
income, net of related tax effects
    
    
    Deduct: Total stock-based employee compensation expense determined
under fair value based methods for all awards, net of related effects
    
    
    (24,219
    )Pro forma net income
    
    $
    174,374Basic net income per common shareAs reported
    
    $
    0.10Pro forma
    
    
    0.09Diluted net income per common shareAs reported
    
    $
    0.10Pro forma
    
    
    0.09
 2. Stock-Based Compensation:
  7




---



##### Table of Contents



READY MIX, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
 2. Stock-Based Compensation (Continued):
    Equity Incentive Plan
    Awards prior toJanuary 1, 2006Dividend yield
    
    
    0
    %Expected volatility
    
    
    21.4% - 23.3
    %Weighted-average volatility
    
    
    21.55
    %Risk-free interest rate
    
    
    5.00
    %Expected life of options (in years)
    
    
    3Weighted-average grant-date fair value
    
    $
    2.02
  8




---



##### Table of Contents



READY MIX, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
 2. Stock-Based Compensation (Continued):
  Weighted AverageWeighted Average
    
    
    Remaining
    
    
    Aggregate
    
    
    AggregateExercise Price
    
    
    Contractural
    
    
    Fair
    
    
    IntrinsicShares
    
    
    per Share
    
    
    Term (1)
    
    
    Value
    
    
    Value(2)Outstanding January 1, 2006
    
    
    253,125
    
    
    $
    11.12
    
    
    
    3.89
    
    
    $
    511,616Granted
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Exercised
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Forfeited or expired
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Outstanding March 31, 2006
    
    
    253,125
    
    
    
    11.12
    
    
    
    3.89
    
    
    $
    511,616
    
    
    $
    1,050,469Exercisable March 31, 2006
    
    
    77,625
    
    
    $
    11.00
    
    
    
    3.83
    
    
    $
    151,369
    
    
    $
    331,459
 
 (1)
    
    Remaining contractual term is presented in years.(2)
    
    The aggregate intrinsic value is calculated as the difference between the
exercise price of the underlying awards and the closing price of our common stock as of
March 31, 2006, for those awards that have an exercise price currently below the
closing price as of March 31, 2006.  Weighted AverageGrant-DateShares
    
    
    Fair ValueNonvested stock options at January 1, 2006
    
    
    253,125
    
    
    $
    2.02Granted
    
    
    
    
    
    
    Vested
    
    
    (77,625
    )
    
    
    1.95Forfeited
    
    
    
    
    
    
    Nonvested stock options at March 31, 2006
    
    
    175,500
    
    
    $
    2.05
  3. Statement of Cash Flows:
 Non-Cash Investing and Financing Activities:
    9




---



##### Table of Contents



READY MIX, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
 4. Notes Payable:
  March 31,
    
    
    December 31,2006
    
    
    2005Note payable, variable interest rate was 7.75% at March 31,
2006, with monthly principal payments of $4,121, due March 11,
2006, collateralized by equipment
    
    $
    
    
    
    $
    12,3636.65% note payable, with monthly payments of $723, due
July 9, 2006, collateralized by equipment
    
    
    2,145
    
    
    
    4,2555.99% note payable, with monthly payments of $471, due
September 28, 2008, collateralized by a vehicle
    
    
    13,102
    
    
    
    14,307Non-interest bearing note payable, with monthly payments of
$390, due February 12, 2007, collateralized by equipment
    
    
    4,289
    
    
    
    5,4595.31% note payable, with monthly payments of $1,730, due
March 22, 2009, collateralized by vehicles
    
    
    57,466
    
    
    
    61,8555.31% note payable, with monthly payments of $788, due
April 8, 2009, collateralized by a vehicle
    
    
    26,161
    
    
    
    28,1596.21% note payable, with monthly payments of $4,921 and a
principal payment of $443,902, due April 16, 2009, collateralized
by land
    
    
    527,411
    
    
    
    534,0226.34% note payable, with monthly payments of $3,450 and a
principal payment of $309,412, due April 16, 2009, collateralized
by land
    
    
    367,044
    
    
    
    371,6045.90% note payable, with monthly principal payments of $1,905,
plus interest, due May 24, 2007, collateralized by equipment
    
    
    26,666
    
    
    
    32,3805.22% note payable, with monthly payments of $10,398, due
May 25, 2008, collateralized by equipment
    
    
    255,113
    
    
    
    282,7365.75% note payable, with monthly payments of $59,149, due
April 20, 2006, collateralized by equipment
    
    
    58,867
    
    
    
    233,7907.05% note payable, with monthly payments of $2,930 and
a principal payment of $254,742, due August 27, 2009,
collateralized by land
    
    
    304,037
    
    
    
    307,6458.55% note payable, with monthly payments of $22,071, due
February 27, 2006, collateralized by vehicles
    
    
    
    
    
    
    43,6765.90% note payable, with monthly payments of $593, due
December 15, 2009, collateralized by vehicles
    
    
    23,896
    
    
    
    25,3096.60% note payable, with monthly payments of $30,812, due
December 15, 2007, collateralized by equipment
    
    
    609,510
    
    
    
    690,9926.60% note payable, with monthly payments of $22,806, due
December 29, 2007, collateralized by equipment
    
    
    451,126
    
    
    
    511,434$
    2,726,833
    
    
    $
    3,159,986
 10




---



##### Table of Contents



READY MIX, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
 4. Notes Payable (Continued):
  March 31,
    
    
    December 31,2006
    
    
    2005Total from previous page
    
    $
    2,726,833
    
    
    $
    3,159,9865.90% notes payable, with combined monthly payments
of $5,322, due dates ranging from January 31, 2010 to
March 11, 2010, collateralized by vehicles
    
    
    220,597
    
    
    
    233,1877.25% note payable, with monthly payments of $4,153, due
May 4, 2009, collateralized by equipment
    
    
    153,678
    
    
    
    166,1397.50% notes payable, with combined monthly principal
payments of $15,100 plus interest, due September 1, 2008,
collateralized by equipment
    
    
    437,898
    
    
    
    483,1986.85% notes payable, with combined monthly payments of
$1,098, due September 28, 2010, collateralized by vehicles
    
    
    50,909
    
    
    
    53,3056.85% note payable, with a monthly payment of $522, due
October 13, 2010, collateralized by a vehicle
    
    
    24,573
    
    
    
    25,705Note payable, variable interest rate was 9.0% at March 31,
2006, with monthly principal payments of $21,429 plus interest,
due July 29, 2012, collateralized by mining water rights
    
    
    1,628,572
    
    
    
    1,692,8577.99% note payable, with monthly principal payments of
$14,362 plus interest, due March 25, 2011, collateralized
by equipment
    
    
    861,714
    
    
    
    8.14% note payable, with monthly principal payments of
$30,470 plus interest, due March 28, 2011, collateralized
by equipment
    
    
    1,828,224
    
    
    
    5.99% note payable, with a monthly payment of $496, due
November 30, 2008, collateralized by a vehicle
    
    
    14,637
    
    
    
    15,893Line of credit, variable interest rate was 8.0% at March 31,
2006, interest only payments until December 31, 2008, 36
equal monthly principal payments plus interest therafter,
collateralized by all of the Companys assets
    
    
    1,280,263
    
    
    
    1,465,7339,227,898
    
    
    
    7,296,003Less: current portion
    
    
    (1,989,758
    )
    
    
    (1,670,643
    )$
    7,238,140
    
    
    $
    5,625,360
  2007
    
    $
    1,989,7582008
    
    
    1,800,6052009
    
    
    1,235,0732010
    
    
    2,307,6232011
    
    
    1,231,916Subsequent to 2011
    
    
    662,923$
    9,227,898
 11




---



##### Table of Contents



READY MIX, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
 5. Line of Credit:
   6. Commitments:
  2007
    
    $
    98,5202008
    
    
    8,230$
    106,750
    12




---



##### Table of Contents



READY MIX, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
 7. Earnings per Share:
   Three months endedMarch 31,2006
    
    
    2005Weighted average common shares
outstanding
    
    
    3,807,500
    
    
    
    2,025,000Dilutive effect of:Stock options and warrants
    
    
    59,088
    
    
    
    Weighted average common shares
outstanding assuming dilution
    
    
    3,866,588
    
    
    
    2,025,000
   8. Income Taxes:
   13




---



##### Table of Contents



READY MIX, INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
 9. Subsequent Events:
    
 Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
 Forward-Looking Disclosure
    General
  14




---



##### Table of Contents



Overview
    Critical Accounting Policies, Estimates and Judgments
   15




---



##### Table of Contents



16




---



##### Table of Contents



Results of Operations
  Three months endedMarch 31,(dollars in thousands)
    
    2006
    
    
    2005(Unaudited)Revenue
    
    $
    21,025
    
    
    
    99.5
    %
    
    $
    13,974
    
    
    
    97.5
    %Related party revenue
    
    
    107
    
    
    
    0.5
    %
    
    
    358
    
    
    
    2.5
    %Total revenue
    
    
    21,132
    
    
    
    100.0
    %
    
    
    14,332
    
    
    
    100.0
    %Gross profit
    
    
    2,673
    
    
    
    12.6
    %
    
    
    1,082
    
    
    
    7.6
    %General and administrative expenses
    
    
    1,137
    
    
    
    5.4
    %
    
    
    713
    
    
    
    5.0
    %Income from operations
    
    
    1,536
    
    
    
    7.3
    %
    
    
    369
    
    
    
    2.6
    %Interest income
    
    
    93
    
    
    
    0.4
    %
    
    
    6
    
    
    
    0.0
    %Interest expense
    
    
    (29
    )
    
    
    -0.1
    %
    
    
    (68
    )
    
    
    -0.5
    %Income tax expense
    
    
    (590
    )
    
    
    -2.8
    %
    
    
    (112
    )
    
    
    -0.8
    %Net income
    
    $
    1,016
    
    
    
    4.8
    %
    
    $
    199
    
    
    
    1.4
    %Depreciation and
amortization
    
    $
    788
    
    
    
    3.7
    %
    
    $
    567
    
    
    
    4.0
    %
 Three Months Ended March 31, 2006 compared to Three Months Ended March 31, 2005
 Revenue
 Gross Profit.
 17




---



##### Table of Contents



Depreciation and Amortization.
 General and Administrative Expenses.
 Interest Income and Expense.
 Income Taxes.
 Net Income.
 Liquidity and Capital Resources
     18




---



##### Table of Contents



Three months endedMarch 31,2006
    
    2005(Unaudited)(dollars in thousands)Cash flows provided by operating activities
    
    $
    706
    
    
    $
    528Cash flows used in investing activities
    
    
    (4,046
    )
    
    
    (361
    )Cash flows provided by (used in) financing activities
    
    
    1,468
    
    
    
    (706
    )
    Summary of Contractual Obligations and Commercial Commitments
  Payments Due by PeriodLess than
    
    
    1 - 3
    
    
    4 - 5
    
    
    AfterTotal
    
    
    1 Year
    
    
    Years
    
    
    Years
    
    
    5 Years(dollars in thousands)Contractual ObligationsLong-term debt
    
    $
    9,228
    
    
    $
    1,990
    
    
    $
    3,035
    
    
    $
    3,540
    
    
    $
    663Interest payments on
long-term debt(1)
    
    
    1,867
    
    
    
    631
    
    
    
    868
    
    
    
    336
    
    
    
    32Capital lease obligations
    
    
    636
    
    
    
    501
    
    
    
    135
    
    
    
    
    
    
    
    Operating leases
    
    
    5,120
    
    
    
    1,797
    
    
    
    2,675
    
    
    
    648
    
    
    
    Purchase obligations
    
    
    4,993
    
    
    
    1,236
    
    
    
    2,485
    
    
    
    1,272
    
    
    
    Other long term
liabilities (2)
    
    
    1,203
    
    
    
    524
    
    
    
    679
    
    
    
    
    
    
    
    Total contractual obligations
    
    $
    23,047
    
    
    $
    6,679
    
    
    $
    9,877
    
    
    $
    5,796
    
    
    $
    695
 
 (1)
    
    Interest payments are based on the individual interest rates of each obligation,
which range from 5.22% to 9.0% per annum. We do not assume an increase in the variable
interest rate. See Note 4Notes payable in the accompanying condensed financial
statements. 19




---



##### Table of Contents



(2)
    
    Other long-term liabilities include employment contracts with two of our key
executive officers that call for annual salaries of $150,000 and $110,000 through
January 2008, and are to be reviewed annually by our Compensation Committee. In
addition, other long-term liabilities include the administrative services agreement
with Meadow Valley in the amount of $22,000 per month expiring December 31, 2008. Website Access
  
 Item 3. Quantitative and Qualitative Disclosure About Market Risk
     
 Item 4. Controls and Procedures
  20




---



##### Table of Contents



PART II  OTHER INFORMATION
 
 Item 1. Legal Proceedings
  
 Item 1A. Risk Factors
  
 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
    Underwriting discount and commissions
    
    $
    1,909,600Registration, filing and listing fees
    
    
    51,098Printing costs
    
    
    190,084Legal fees and expenses
    
    
    170,401Accounting fees and expenses
    
    
    131,712Miscellaneous
    
    
    18,332Total expenses
    
    $
    2,471,227
    (dollars in thousands)Repayment of debt to Meadow Valley
    
    $
    2,043Repayment of intercompany income tax
allocation payable
    
    
    2,168Purchase of plant, equipment and land
    
    
    5,474Working capital
    
    
    7,451Total expenditures
    
    $
    17,136
 
 Item 3. Defaults Upon Senior Securities
  21




---



##### Table of Contents



Item 4. Submission of Matters to a Vote of Security Holders
  
 Item 5. Other Information
  
 Item 6. Exhibits
  31.1
    
    Certification of Chief Executive Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.31.2
    
    Certification of Chief Financial Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002.32.1
    
    Certifications of Chief Executive Officer and Chief Financial Officer pursuant
to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002.
 
 SIGNATURE
  READY MIX, INC.
(Registrant)By  /s/ Bradley E. LarsonBradley E. LarsonChief Executive OfficerMay 15, 2006 By  /s/ Clint TryonClint TryonChief Financial Officer, Secretary and Treasurer
(Principal Accounting Officer)May 15, 2006 22