Meadow Valley SC 13E3 Going private transaction

Exhibit (c)(6)

MEADOW VALLEY CORPORATION
Financial Statement Projection (000’s)
April 28, 2008

Profit & Loss	ACTUAL									FORECAST
Fiscal Year or Quarter Ending:	FY 2005			FY 2006			FY 2007			Q1 2008			Q2 2008			Q3 2008			Q4 2008			FY 2008			Q1 2009			Q2 2009			Q3 2009			Q4 2009			FY 2009			Q1 2010			Q2 2010			Q3 2010			Q4 2010			FY 2010
Contract Revenues	$	116,822		$	112,303		$	129,262		$	33,633		$	43,407		$	40,618		$	42,282		$	159,940		$	49,600		$	56,050		$	49,900		$	35,650		$	191,200		$	46,710		$	63,000		$	59,975		$	48,203		$	217,888
Materials Revenue		67,051			82,736			75,514			15,586			18,096			19,239			18,416			71,337			17,273			19,532			21,510			18,509			76,824			18,602			22,455			25,516			22,006			88,579
Testing					481			1,142			436			360			360			360			1,516			0			0			0			0			0			0			0			0			0			0
Total Revenue	$	183,873		$	195,520		$	205,918		$	49,655		$	61,863		$	60,217		$	61,058		$	232,793		$	66,873		$	75,582		$	71,410		$	54,159		$	268,024		$	65,312		$	85,455		$	85,491		$	70,209		$	306,467
Cost of Contract Revenues		108,706			102,234			117,925			30,258			39,756			37,165			40,004			147,183			47,094			52,137			46,143			33,736			179,110			44,273			58,878			56,033			45,626			204,810
Cost of Materials Revenue		59,979			73,530			69,359			15,589			17,998			18,674			18,342			70,603			16,759			18,317			19,916			17,305			72,297			17,206			19,803			22,032			19,241			78,282
Cost of Testing					447			1,219			329			324			324			324			1,301			0			0			0			0			0			0			0			0			0			0
Gross Profit		15,188			19,309			17,415			3,479			3,785			4,054			2,388			13,706			3,020			5,128			5,351			3,118			16,617			3,833			6,774			7,426			5,342			23,375
Gross Profit Margin — Contracting Operations		6.95	%		8.97	%		8.77	%		10.03	%		8.41	%		8.50	%		5.39	%		7.98	%		5.05	%		6.98	%		7.53	%		5.37	%		6.32	%		5.22	%		6.54	%		6.57	%		5.35	%		6.00	%
Gross Profit Margin — Materials Operations		10.55	%		11.13	%		8.15	%		-0.02	%		0.54	%		2.94	%		0.40	%		1.03	%		2.98	%		6.22	%		7.41	%	��	6.50	%		5.89	%		7.50	%		11.81	%		13.65	%		12.56	%		11.62	%
Gross Profit Margin — Testing Operations					7.07	%		-6.74	%		24.54	%		10.00	%		10.00	%		10.00	%		14.18	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%
Gross Profit Margin — Combined		8.26	%		9.88	%		8.46	%		7.01	%		6.12	%		6.73	%		3.91	%		5.89	%		4.52	%		6.78	%		7.49	%		5.76	%		6.20	%		5.87	%		7.93	%		8.69	%		7.61	%		7.63	%
G & A Expense		8,667			11,161			11,814			2,534			2,616			2,616			2,616			10,382			2,975			2,975			2,975			2,975			11,900			3,283			3,283			3,283			3,283			13,132
G&A as % of Revenue		4.71	%		5.71	%		5.74	%		5.10	%		4.23	%		4.34	%		4.28	%		4.46	%		4.45	%		3.94	%		4.17	%		5.49	%		4.44	%		5.03	%		3.84	%		3.84	%		4.68	%		4.28	%
Income/(Loss) from Operations		6,521			8,148			5,601			945			1,169			1,438			(228	)		3,324			45			2,153			2,376			143			4,717			550			3,491			4,143			2,059			10,243
Operating Margin		3.55	%		4.17	%		2.72	%		1.90	%		1.89	%		2.39	%		-0.37	%		1.43	%		0.07	%		2.85	%		3.33	%		0.26	%		1.76	%		0.84	%		4.09	%		4.85	%		2.93	%		3.34	%
Other Income
Interest Income		574			1,010			1,557			265			186			186			186			823			331			327			318			315			1,291			331			327			318			315			1,291
Interest Expense		(374	)		(339	)		(240	)		(35	)		(33	)		(33	)		(33	)		(134	)		(43	)		(43	)		(43	)		(43	)		(172	)		(43	)		(43	)		(43	)		(43	)		(172	)
Other Income/(Expenses)		341			74			368			(34	)		61			61			61			149			61			61			61			61			244			61			61			61			61			244
Gain on Litigation
Goodwill Amortization		0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0
Gain on Sale of Property
Total Other Income		541			745			1,685			196			214			214			214			838			349			345			336			333			1,363			349			345			336			333			1,363
Income/(Loss) Before Taxes		7,062			8,893			7,286			1,141			1,383			1,652			(14	)		4,162			394			2,498			2,712			476			6,080			899			3,836			4,479			2,392			11,606
Less: Income Taxes		2,570			3,163			2,565			411			498			594			(5	)		1,498			142			899			977			172			2,190			324			1,381			1,613			861			4,179
Net Income/(Loss) from Continued Operations		4,492			5,730			4,721			730			885			1,058			(9	)		2,664			252			1,599			1,735			304			3,890			575			2,455			2,866			1,531			7,427
Income/(Loss) from Discontinued Operations		0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0
MVCO Net Income After Minority Interest		4,203			4,167			4,058			929			1,049			1,132			160			3,270			331			1,544			1,609			254			3,738			528			2,168			2,420			1,224			6,340
Minority Interest Net Income		289			1,563			663			(199	)		(164	)		(74	)		(169	)		(606	)		(79	)		55			126			50			152			47			287			446			307			1,087
Consolidated Net Income per Share (Cont’d Operations)	$	1.01		$	0.90		$	0.76		$	0.17		$	0.20		$	0.21		$	0.03		$	0.61		$	0.06		$	0.29		$	0.30		$	0.05		$	0.70		$	0.10		$	0.41		$	0.45		$	0.23		$	1.19
Consolidated Net Income per Share	$	1.01		$	0.90		$	0.76		$	0.17		$	0.20		$	0.21		$	0.03		$	0.61		$	0.06		$	0.29		$	0.30		$	0.05		$	0.70		$	0.10		$	0.41		$	0.45		$	0.23		$	1.19
Diluted Weighted Common Shares		4,151			4,621			5,306			5,310			5,320			5,325			5,350			5,350			5,350			5,350			5,350			5,350			5,350			5,350			5,350			5,350			5,350			5,350
EPS from Cont’d Ops % Inc/(Dec) from Prior Year		538.06	%		-10.94	%		-15.19	%		74.82	%		17.62	%		-1.10	%		-89.87	%		-20.08	%		-64.64	%		46.36	%		41.47	%		-58.75	%		14.31	%		59.52	%		40.41	%		50.40	%		381.89	%		69.61	%
EBITDA (without Int Exp charged to COGS)		11,361			14,107			13,051			2,585			3,047			3,342			1,785			10,759			1,634			3,894			4,236			2,047			11,810			2,072			5,144			5,893			3,962			17,071
Approx. Interest Exp included in COGS								1,146															1,214															1,279															1,345
EBITDA								14,197															11,973															13,089															18,416

Financial Statements
Page 1

MEADOW VALLEY CORPORATION
Financial Statement History and Forecast (000’s)
April 28, 2008

Assets	ACTUAL												FORECAST
Period Ending:	FY 2005		FY 2006		Q1 2007		Q2 2007		Q3 2007		FY 2007		Q1 2008		Q2 2008		Q3 2008		FY 2008		Q1 2009		Q2 2009			Q3 2009			FY 2009			Q1 2010			Q2 2010			Q3 2010			FY 2010
Cash		23,565		29,355		29,456		27,670		26,865		28,146		29,007		29,310		27,420		26,108		31,624		33,531			35,599			37,367			37,107			39,116			41,814			43,877
Restricted Cash		1,267		605		477		0		167		328		375		375		375		375		357		375			375			375			375			375			375			375
Accounts Receivable		25,140		25,991		29,867		33,652		31,934		28,566		37,711		38,357		39,325		41,360		36,974		39,079			40,801			39,819			39,579			41,045			43,137			45,527
Other Receivable		0		106		108		108		110		110		106		106		106		106		106		106			106			106			106			106			106			106
Other Current Assets/Inventories		4,708		4,747		4,008		3,499		3,576		4,786		4,678		4,678		4,678		4,678		4,678		4,678			4,678			4,678			4,678			4,678			4,678			4,678
Treasury Stock Held for Retirement Plan Costs/Earnings in Excess of Billings		1,992		1,255		1,615		462		573		567		350		736		760		800		880		943			989			956			942			976			1,027			1,089
Total Current Assets		56,673		62,060		65,532		65,393		63,226		62,504		72,228		73,564		72,666		73,428		74,619		78,712			82,548			83,302			82,787			86,297			91,136			95,652
Notes Receivable		0		535		508		480		453		424		397		370		343		316		289		262			235			208			181			154			127			100
Property Plant & Equip Beginning Balance		21,542		26,033		35,553		35,553		35,553		35,553		36,173		36,173		36,173		36,173		33,884		33,884			33,884			33,884			31,857			31,857			31,857			31,857
Add: Increase in PP&E w/ Debt or Lease		5,522		6,546		1,862		2,324		2,632		4,613		2,500		3,500		4,000		5,000		1,000		2,250			3,000			3,750			1,250			2,250			3,000			4,000
Add: Increases in PP&E with Cash		3,869		9,369		2,026		2,214		3,800		3,800		0		470		720		720		250		750			1,500			1,750			500			1,000			1,500			2,000
Less: Depreciation & Leasehold Amort		4,499		5,885		1,644		3,421		5,241		7,082		1,674		3,491		5,334		7,286		1,528		3,207			5,007			6,849			1,461			3,053			4,742			6,584
Less: Book Value of Asset Sales		401		510		139		177		386		711		181		362		543		723		169		339			508			678			159			319			478			637
Ending Balance		26,033		35,553		37,658		36,493		36,358		36,173		36,818		36,291		35,016		33,884		33,437		33,338			32,869			31,857			31,986			31,735			31,137			30,636
Claim Receivable		3,521		2,464		2,464		2,464		2,464		2,464		2,464		2,464		2,464		2,464		2,464		2,464			2,464			800			800			800			800			800
Other Assets (Including Assets held for sale & Goodwill)		594		1,493		501		884		200		186		153		120		87		54		21		(12	)		(45	)		(78	)		(111	)		(144	)		(177	)		(210	)
Mineral Rights & Pit Development		195		0		0		0		0		0		0		0		0		0		0		0			0			0			0			0			0			0
Total Assets		87,017		102,105		106,663		105,715		102,701		101,752		112,065		112,809		110,577		110,145		110,830		114,764			118,071			116,088			115,643			118,842			123,023			126,978

Liabilities & Stockholders’ Equity	ACTUAL																		FORECAST
Period Ending:	FY 2005			FY 2006			Q1 2007			Q2 2007			Q3 2007			FY 2007			Q1 2008			Q2 2008			Q3 2008			FY 2008			Q1 2009			Q2 2009			Q3 2009			FY 2009			Q1 2010			Q2 2010			Q3 2010			FY 2010
Note Payable & Cap Lease Obligations		4,065			5,171			5,323			4,788			4,547			4,318			4,818			4,018			3,918			4,018			3,718			3,768			3,668			3,668			3,418			3,368			3,318			3,368
Accounts Payable		18,522			13,298			15,665			18,985			16,854			15,288			19,802			19,452			19,932			20,951			22,501			23,736			24,743			24,122			23,982			24,870			26,137			27,582
Accrued Expenses		5,879			7,570			4,888			5,365			5,896			6,908			4,205			5,890			6,080			6,398			7,036			7,542			7,913			7,648			7,532			7,810			8,213			8,716
Billings in excess of costs and earnings on contracts		5,903			8,367			10,966			13,792			13,206			11,248			18,923			18,405			15,200			13,995			13,193			14,141			14,837			14,340			14,123			14,645			15,400			16,342
Income Tax Payable		391			400			325			93			838			1,771			450			450			450			450			450			450			450			450			450			450			450			450
Total Current Liabilities		34,760			34,806			37,167			43,023			41,341			39,533			48,198			48,215			45,579			45,812			46,898			49,637			51,612			50,228			49,505			51,143			53,519			56,457
Long Term Liabilities
Notes Payable & Cap Lease Obligations		11,858			13,997			15,091			13,737			12,761			12,269			12,615			12,462			11,808			11,154			10,500			10,097			9,693			8,789			8,385			7,732			6,828			6,174
Long Term Liabilities from Acquisitions
Deferred Income Taxes		3,179			2,973			2,975			2,975			2,975			2,611			3,178			3,178			3,178			3,178			3,178			3,178			3,178			3,178			3,178			3,178			3,178			3,178
Total Liabilities		49,797			51,776			55,233			59,736			57,078			54,414			63,992			63,855			60,566			60,143			60,575			62,909			64,481			62,193			61,067			62,051			63,523			65,807
Minority Interest		17,425			18,988			19,315			14,425			12,873			12,813			12,614			12,450			12,376			12,207			12,128			12,183			12,309			12,359			12,511			12,558			12,845			13,291
Stockholders’ Equity
Common Stock		4			5			5			5			5			5			5			5			5			5			5			5			5			5			5			5			5			5
Additional Paid-in Capital		13,819			21,197			21,441			20,024			20,114			20,322			20,322			20,322			20,322			20,322			20,322			20,322			20,322			20,322			20,322			20,322			20,322			20,322
Capital Adjustment		(799	)		(799	)		(799	)		(799	)		(799	)		(799	)		(799	)		(799	)		(799	)		(799	)		(799	)		(799	)		(799	)		(799	)		(799	)		(799	)		(799	)		(799	)
Retained Earnings		6,772			10,939			11,468			12,324			13,431			14,999			15,929			16,978			18,109			18,269			18,600			20,144			21,755			22,009			22,539			24,707			27,128			28,353
Total Stockholders’ Equity		19,795			31,341			32,115			31,553			32,750			34,526			35,456			36,505			37,636			37,796			38,128			39,672			41,283			41,537			42,067			44,235			46,656			47,881
Total Liabilities & Equity		87,017			102,105			106,663			105,715			102,701			101,752			112,066			112,809			110,577			110,145			110,830			114,764			118,071			116,088			115,643			118,841			123,022			126,977

Financial Statements
Page 1

MEADOW VALLEY CORPORATION
Financial Statement History and Forecast (000’s)
April 28, 2008

	ACTUAL																		FORECAST
Statements of Cash Flows	FY			FY			Q1			Q2			Q3			FY			Q1			Q2			Q3			FY			Q1			Q2			Q3			FY			Q1			Q2			Q3			FY
Period Ending:	2005			2006			2007			2007			2007			2007			2008			2008			2008			2008			2009			2009			2009			2009			2010			2010			2010			2010
Inc/(Dec) in Cash or Equivalents
Cash From Operations
Net Income		4,204			4,167			530			1,386			2,494			4,061			930			1,979			3,110			3,270			332			1,876			3,486			3,741			529			2,697			5,119			6,344
Depreciation & Amortization		4,499			5,885			1,644			3,421			5,241			7,082			1,674			3,491			5,334			7,286			1,528			3,207			5,007			6,849			1,461			3,053			4,742			6,584
Loss/(Gain) on Sale of Plt/Property		(9	)		(42	)		(60	)		(62	)		(249	)		(310	)		0			0			0			0			0			0			0			0			0			0			0			0
Deferred Income Taxes Payable		2,199			(3	)		(7	)		(19	)		(110	)		0			0			0			0			0			0			0			0			0			0			0			0			0
Allowance for Doubtful Accounts		(282	)		69			(14	)		146			150			199
Impairment of Goodwill/Inventory Value		(43	)		(44	)		0			0			0			0
Stock based compensation expense					267			104			208			522			627
Minority interest in consolidated subsidiary		289			1,563			327			700			724			664			(199	)		(363	)		(437	)		(606	)		(79	)		(24	)		102			152			152			199			486			932
Changes in Assets/Liabilities
Accounts/Notes Receivable		(2,674	)		(825	)		(3,862	)		(7,807	)		(6,094	)		(2,775	)		(9,118	)		(9,737	)		(10,678	)		(12,686	)		4,412			2,334			640			1,648			268			(1,172	)		(3,237	)		(5,600	)
Claims Receivable		0			1,057			0			0			0			0			0			0			0			0			0			0			0			1,664			0			0			0			0
Prepaid Expenses/Other Current Assets		63			92			565			1,179			1,352			(153	)		37			70			103			136			33			66			99			132			33			66			99			132
Costs/Earnings in Excess of Billings		(1,543	)		737			(360	)		793			682			688			217			(169	)		(193	)		(233	)		(80	)		(143	)		(189	)		(156	)		14			(20	)		(71	)		(133	)
Other Current Assets/Inventory		137			(545	)		182			116			(43	)		160			108			108			108			108			0			0			0			0			0			0			0			0
Deposits		(457	)		(1,014	)		992			609			1,292			1,306
Interest Payable		0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0
Accounts Payable		(1,190	)		(5,223	)		2,367			5,687			3,556			1,990			4,514			4,164			4,644			5,663			1,550			2,784			3,792			3,171			(140	)		748			2,015			3,460
Accrued Liabilities		971			1,691			(2,682	)		(2,205	)		(1,674	)		(662	)		(3,457	)		(1,772	)		(1,582	)		(1,264	)		639			1,144			1,516			1,250			(116	)		162			565			1,068
Billings in excess of Costs		(1,317	)		2,464			2,599			5,425			4,839			2,881			7,675			7,157			3,952			2,747			(802	)		147			843			345			(217	)		305			1,060			2,002
Interest Receivable
Income Tax Receivable/Payable		370			28			(74	)		(306	)		439			988
Net Cash from Operations		5,217			10,324			2,251			9,271			13,121			16,746			2,381			4,927			4,360			4,421			7,532			11,392			15,294			18,796			1,985			6,038			10,780			14,787
Cash from Investing Activities
Increases in Restricted Cash		0			0			0			0			0			0			(47	)		(47	)		(47	)		(47	)		0			0			0			0			0			0			0			0
Decreases in Restricted Cash		1			662			128			605			438			277			0			0			0			0			18			0			0			0			0			0			0			0
Payments Received on Notes Rec		0			152			26			53			79			106			0			0			0			0			0			0			0			0			0			0			0			0
Purchase of Treasury Stock for Retirement Fund		0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0
Inc/(Dec) in Minority Interest		0			0			0			(6,791	)		(8,645	)		(8,645	)		0			0			0			0			0			0			0			0			0			0			0			0
Acquisitions Net Book		0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0
Proceeds from Sale of Plt/Equip		392			552			198			238			635			776			181			362			543			723			169			339			508			678			159			319			478			637
Purchase of Property/Equipment/Mineral Rights		(5,522	)		(9,369	)		(2,025	)		(2,324	)		(3,827	)		(8,172	)		(2,500	)		(3,970	)		(4,720	)		(5,720	)		(1,250	)		(3,000	)		(4,500	)		(5,500	)		(1,750	)		(3,250	)		(4,500	)		(6,000	)
Dec/(Inc) in Net Assets of Discont’d Operations		0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0
Net Cash from Investment Activities		(5,129	)		(8,003	)		(1,673	)		(8,219	)		(11,320	)		(15,658	)		(2,366	)		(3,655	)		(4,224	)		(5,044	)		(1,063	)		(2,661	)		(3,992	)		(4,822	)		(1,591	)		(2,931	)		(4,022	)		(5,363	)
Cash from Financing Activities
Repayment of Notes Payable/Lease Obligations		(6,360	)		(6,729	)		(1,952	)		(5,581	)		(7,447	)		(6,707	)		0			(108	)		(861	)		(1,415	)		(954	)		(1,308	)		(1,811	)		(2,715	)		(654	)		(1,358	)		(2,311	)		(2,915	)
Proceeds from Note Payable		544			3,084			1,335			2,700			2,956			4,106			846			0			0			0			0			0			0			0			0			0			0			0
Excess tax benefits from share-based pay arrang		0			145			82			82			86			97			0			0			0			0			0			0			0			0			0			0			0			0
Proceeds from Minority Interest in consol Subsidiary		0			0			0			0			22			22			0			0			0			0			0			0			0			0			0			0			0			0
Proceeds from Addl Stock Issues		17,136			0			1			62			92			185			0			0			0			0			0			0			0			0			0			0			0			0
Net Proceeds from Sale of Stock		1,993			6,969			57			0			0			0			0			0			0			0			0			0			0			0			0			0			0			0
Distribution to Stockholder
Net Cash from Financing Activities		13,313			3,469			(477	)		(2,737	)		(4,291	)		(2,297	)		846			(108	)		(861	)		(1,415	)		(954	)		(1,308	)		(1,811	)		(2,715	)		(654	)		(1,358	)		(2,311	)		(2,915	)
Net Inc/(Dec) in Cash or Equiv.		13,401			5,790			101			(1,685	)		(2,490	)		(1,209	)		861			1,164			(726	)		(2,038	)		5,516			7,423			9,491			11,259			(260	)		1,749			4,446			6,509
Beginning Cash		10,164			23,565			29,355			29,355			29,355			29,355			28,146			28,146			28,146			28,146			26,108			26,108			26,108			26,108			37,367			37,367			37,367			37,367
Ending Cash		23,565			29,355			29,456			27,670			26,865			28,146			29,007			29,310			27,420			26,108			31,624			33,531			35,599			37,367			37,107			39,116			41,814			43,877

Financial Statements
Page 2

MEADOW VALLEY CORPORATION
Financial Statement History and Forecast (000’s)
April 28, 2008

	ACTUAL																		FORECAST
Financial Data	FY 2005			FY 2006			Q1 2007			Q2 2007			Q3 2007			FY 2007P			Q1 2008			Q2 2008			Q3 2008			FY 2008			Q1 2009			Q2 2009			Q3 2009			FY 2009			Q1 2010			Q2 2010			Q3 2010			FY 2010
Gross Margin		8.26	%		9.88	%		9.27	%		8.18	%		7.98	%		8.46	%		7.01	%		6.12	%		6.73	%		5.89	%		4.52	%		6.78	%		7.49	%		5.76	%		5.87	%		7.93	%		8.69	%		7.61	%
Net Margin		2.29	%		2.13	%		1.24	%		1.46	%		2.02	%		1.97	%		1.87	%		1.70	%		1.88	%		1.40	%		0.49	%		2.04	%		2.25	%		0.47	%		0.81	%		2.54	%		2.83	%		1.74	%
Earnings per Share	$	1.01		$	0.90		$	0.10		$	0.17		$	0.21		$	0.76		$	0.17		$	0.20		$	0.21		$	0.61		$	0.06		$	0.29		$	0.30		$	0.70		$	0.10		$	0.41		$	0.45		$	0.23
Working Capital		21,913			27,254			28,365			22,370			21,885			22,971			24,030			25,349			27,087			27,617			27,721			29,075			30,936			33,073			33,281			35,153			37,617			39,195
Current Ratio		1.63			1.78			1.76			1.52			1.53			1.58			1.50			1.53			1.59			1.60			1.59			1.59			1.60			1.66			1.67			1.69			1.70			1.69
Stockholders’ Equity		19,795			31,341			32,115			31,553			32,750			34,526			35,456			36,505			37,636			37,796			38,128			39,672			41,283			41,537			42,067			44,235			46,656			47,881
Return on Stockholders’ Equity (TTM)		21.23	%		13.30	%		11.94	%		12.09	%		12.32	%		11.75	%		12.57	%		12.74	%		12.42	%		8.65	%		7.01	%		7.98	%		8.83	%		9.00	%		9.35	%		10.31	%		11.51	%		2.56	%
Total Debt & Cap Lease Obligations		15,923			19,168			20,414			18,525			17,308			16,587			17,433			16,480			15,726			15,172			14,218			13,865			13,361			12,457			11,803			11,100			10,146			9,542
Total Debt to Equity Ratio		80.44	%		61.16	%		63.57	%		58.71	%		52.85	%		48.04	%		49.17	%		45.14	%		41.78	%		40.14	%		37.29	%		34.95	%		32.36	%		29.99	%		28.06	%		25.09	%		21.75	%		19.93	%
Leverage Ratio (Total Liab/Net Worth)		2.52			1.65			1.72			1.89			1.74			1.58			1.80			1.75			1.61			1.59			1.59			1.59			1.56			1.50			1.45			1.40			1.36			1.37
Total Asset Turnover		2.11			1.91			1.80			1.92			2.01			2.02			1.90			1.92			2.00			2.11			2.26			2.30			2.33			2.31			2.30			2.33			2.36			2.41
Total Capital Expenditures (YTD)		9,391			15,915			3,888			4,538			6,432			8,413			2,500			3,970			4,720			5,720			1,250			3,000			4,500			5,500			1,750			3,250			4,500			6,000
Net Receivables Broken Out by Subsidiary
Meadow Valley Contractors, Inc.		15,418			13,994			18,076			21,938			20,461			17,617			27,359			28,587			29,477			31,016			26,386			28,283			29,675			28,680			28,247			29,289			30,800			32,683
Ready Mix, Inc.		9,722			11,997			11,791			11,714			11,473			10,949			10,351			9,770			9,848			10,344			10,588			10,797			11,126			11,139			11,332			11,756			12,337			12,844
MVCI Rec % of Total Contract Revenue		13.2	%		12.5	%		16.4	%		18.1	%		16.2	%		13.6	%		19.5	%		19.4	%		19.4	%		19.4	%		15.0	%		15.0	%		15.0	%		15.0	%		15.0	%		15.0	%		15.0	%		15.0	%
RMI Rec % of Total Materials Sales		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%		14.5	%
Total Rec % of Total Revenue		13.7	%		13.3	%		15.5	%		16.6	%		15.5	%		13.9	%		17.7	%		17.7	%		17.8	%		17.8	%		14.8	%		14.8	%		14.8	%		14.9	%		14.9	%		14.9	%		14.9	%		14.9	%
Payables as % of Total Revenue		10.1	%		6.8	%		8.1	%		9.4	%		8.2	%		7.4	%		9.3	%		9.0	%		9.0	%		9.0	%		9.0	%		9.0	%		9.0	%		9.0	%		9.0	%		9.0	%		9.0	%		9.0	%
Underbillings as % of Contract Revenue		1.7	%		1.1	%		1.5	%		0.4	%		0.5	%		0.4	%		0.3	%		0.5	%		0.5	%		0.5	%		0.5	%		0.5	%		0.5	%		0.5	%		0.5	%		0.5	%		0.5	%		0.5	%
Overbillings as % of Contract Revenue		5.1	%		7.5	%		9.9	%		11.4	%		10.5	%		8.7	%		13.5	%		12.5	%		10.0	%		8.8	%		7.5	%		7.5	%		7.5	%		7.5	%		7.5	%		7.5	%		7.5	%		7.5	%

Financial Statements
Page 3