EULESS, TX -- U.S. Concrete, Inc. (USCR) reported a net loss of $12.0 million for the fourth quarter of 2012, compared to net income of $0.9 million in the fourth quarter of 2011. Included in the fourth quarter 2012 net loss amount was a non-cash loss related to the fair value change in the Company's derivatives of $13.2 million, $0.2 million of expense related to the recently completed relocation of the corporate headquarters to Euless, Texas and $0.2 million of non-cash stock compensation expense.
Consolidated revenue in the fourth quarter of 2012 increased 14.5% to $134.9 million, compared to $117.8 million in the fourth quarter of 2011. Revenue from the ready-mixed concrete segment increased $17.5 million, or 16.8%, to $121.4 million for the fourth quarter of 2012, compared to $103.9 million in the fourth quarter of 2011. The Company's ready-mixed sales volume for the fourth quarter of 2012 was approximately 1.23 million cubic yards, up 15.7% from the 1.06 million cubic yards of ready-mixed concrete we sold in the fourth quarter of 2011. The Company's consolidated average sales price per cubic yard of ready-mixed concrete increased 1.1% during the fourth quarter of 2012, as compared to the fourth quarter of 2011. Aggregate products segment revenue increased $2.2 million, or 34.2%, to $8.7 million for the fourth quarter of 2012 compared to $6.5 million during the fourth quarter of 2011.
William J. Sandbrook, President and Chief Executive Officer of U.S. Concrete, stated, "We are pleased with our improved performance in 2012. While much credit goes to generally benign weather patterns and improved construction activity in our markets, our favorable results arose from the hard work, professionalism and commitment of our U.S. Concrete team of dedicated employees."