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  "documentTitle": "U.S. Concrete Inc (USCR)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2018-05-17 00:00:00",
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  "notes": "The table demonstrates that reported growth is driven by acquisitions and price hikes rather than volume.",
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      "text": "USCR just started providing some data to allow for an analysis of its underlying organic growth rate. We find that underlying volume growth has essentially averaged zero, after adjusting for price increases, which are primarily a function of rising input costs",
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      "text": "Implied USCR Organic Volume Growth: -0.1%",
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      "text": "USCR just started providing some data to allow for an analysis of its underlying organic growth rate. We find that underlying volume growth has essentially averaged zero, after adjusting for price increases, which are primarily a function of rising input costs",
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      "text": "Note: Organic Growth (D) calculated as (A-B) / (Prior Year A – C)-1",
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      "text": "Fiscal Year, Reported Revenue (A), Current and Last Year Acquired Revenue Contrib. (B), Current Year's Acquired Revenue Contrib. (C), Total Organic Growth (D), Reported Price Increase (E), Implied USCR Organic Volume Growth",
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      "text": "Lack of Organic Volume Growth",
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