U.S. Concrete CEO to Reinvest Tax Cuts in Business

The transcript discusses the impact of potential tax changes on a business, highlighting plans to reinvest extra cash into new trucks, equipment, and market expansion rather than share buybacks. It also examines how GDP growth could benefit the business, particularly in non-residential sectors, and addresses shareholder concerns about reinvestment strategies. The discussion touches on the limited role of infrastructure spending in the company's growth, despite potential federal initiatives.

How does the CEO plan to use the extra cash from reduced tax rates?

• Distribute it as dividends to shareholders

• Invest in new trucks and equipment

• Conduct share buybacks

• Save it for future use

What is the expected impact of a GDP increase to over 3% on the business?

• It will have no significant impact

• It will boost non-residential and commercial sectors

• It will only affect infrastructure projects

• It will primarily benefit residential sectors

What percentage of the company's product is currently used in infrastructure work?

• 57%

• 34%

• 17%

• 26%

Why is the CEO optimistic about the passing of an infrastructure bill?

• Because of the current high GDP growth

• Due to the great needs and state actions

• Because the company heavily relies on infrastructure

• Due to recent federal government spending

How did the company's profits change despite low infrastructure spending?

• They decreased by 10%

• They increased by 50%

• They remained the same

• They increased by 34%