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QUARTERLY SUMMARY (unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY SUMMARY (unaudited) QUARTERLY SUMMARY (unaudited)
 
 
 
2019
($ in millions except per share data)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Revenue
 
$
333.1

 
$
367.5

 
$
408.9

 
$
369.2

Operating income
 
$
7.9

 
$
6.0

 
$
33.3

 
$
18.0

Net income (loss)
 
$
(2.6
)
 
$
0.9

 
$
13.6

 
$
4.4

Net income (loss) attributable to U.S. Concrete
 
$
(2.7
)
 
$
0.7

 
$
13.0

 
$
3.9

Net income (loss) per share attributable to U.S. Concrete - basic
 
$
(0.16
)
 
$
0.04

 
$
0.79

 
$
0.24

Net income (loss) per share attributable to U.S. Concrete - diluted
 
$
(0.16
)
 
$
0.04

 
$
0.79

 
$
0.23

 
 
 
2018
($ in millions except per share)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Revenue
 
$
327.8

 
$
404.2

 
$
404.3

 
$
370.1

Operating income
 
$
7.6

 
$
30.6

 
$
35.0

 
$
16.7

Net income (loss)
 
$
(3.9
)
 
$
16.3

 
$
15.8

 
$
3.1

Net income (loss) attributable to U.S. Concrete
 
$
(3.9
)
 
$
16.3

 
$
15.6

 
$
2.0

Net income (loss) per share attributable to U.S. Concrete - basic
 
$
(0.23
)
 
$
0.99

 
$
0.95

 
$
0.12

Net income (loss) per share attributable to U.S. Concrete - diluted
 
$
(0.23
)
 
$
0.99

 
$
0.94

 
$
0.12



Our customers are generally involved in the construction industry, which is a cyclical business and is subject to general and more localized economic conditions.  In addition, our business is impacted by seasonal variations in weather conditions, which vary by regional market.  Accordingly, demand for our products and services during the winter months is typically lower than in other months of the year because of inclement weather.  Also, sustained periods of inclement weather and other adverse weather conditions could cause the delay of construction projects during other times of the year.

During the fourth quarter of 2019, we recorded an incremental $6.0 million expense as compared to the fourth quarter of 2018 for increased self-insurance reserves for certain workers' compensation losses, which primarily resulted from adverse claim development during the year for certain unexpected large claims. During the third quarter of 2018, we recorded a $14.6 million pre-tax gain from the divestitures of our Dallas-Fort Worth area lime operations and an aggregates property in Michigan.