U.S. Concrete Inc. announced this week that its board of directors has approved the repurchase of 3 million shares of its common stock. The company intends to retire any repurchased shares as soon as possible. The plan does not obligate the company to purchase any particular number of shares, and may be suspended or discontinued at any time.

According to Michael W. Harlan, U.S. Concrete's president and chief executive officer, "U.S. Concrete's management and board of directors are committed to maximizing shareholder value by profitably growing our business, while maintaining operating and financial flexibility and adequate liquidity. With this announcement, we reaffirm our confidence and optimism in the long-term future of the company. We expect to generate positive free cash flow in 2008, and at current stock prices believe it is in the best interest of the company and its stockholders to repurchase shares of the company's common stock."