Summit Materials

Summit Materials, Inc. is a construction materials company. It manufactures construction materials and related downstream products. The firm operates its business through the following segments: Cement, West and East. The Cement consists of its Hannibal, Missouri and Davenport, Iowa cement plants and distribution terminals along the Mississippi river from Minnesota to Louisiana. The West segment includes operations in Texas, Utah, Colorado, Idaho, Wyoming and Nevada and in British Columbia, Canada. The East segments serves markets extending across the Midwestern and Eastern United States, most notably in Kansas, Missouri, Virginia, Kentucky, North Carolina, South Carolina and Nebraska where the company supplies aggregates, ready mix concrete, asphalt paving mix and paving and related services. The company was founded by Thomas W. Hill on September 23, 2014 and is headquartered in Denver, CO.

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Summit Materials reports resilient 2022 performance amidst supply chain challenges

Summit Materials navigated challenges to achieve strong financial performance in 2022. The company plans to focus on margin expansion, despite supply chain issues and volume declines. Opportunities lie in strategic investments, M&A, and pricing strategies.

Summit Materials reports record Q1 results amidst pricing growth

Summit Materials delivered exceptional financial and safety performance in Q1 2023, driven by strong pricing growth and operational efficiency.
While facing challenges such as energy cost pressures and volume declines, the company is well-positioned to capitalize on residential demand trends and cost management strategies.
With a positive outlook for the year, Summit Materials aims to sustain its momentum through strategic pricing, operational excellence, and margin expansion initiatives.

Summit Materials reports strong Q2 results and eyes margin expansion

Summit Materials delivered a robust performance in Q2 2023, with strong pricing momentum and volume improvements.
Strategic acquisitions and margin expansion strategies are key strengths driving growth.
Labor challenges, competitive intensity, and cost pressures pose challenges for the company.
Opportunities lie in margin expansion, M&A growth in new regions, and growth in the asphalt segment.

Summit Materials reports record Q3 performance amidst cost challenges

Summit Materials delivered strong financial performance in Q3 2023, with record revenue and profitability driven by pricing momentum and operational excellence.
While facing challenges like residential downturns and cost pressures, the company remains focused on margin expansion, cost control, and growth opportunities.
Opportunities lie in retiring TRA liability, closing the Argos transaction, and leveraging strong pricing momentum and market demand for future growth.
With a strategic focus on synergy realization, portfolio optimization, and operational improvements, Summit Materials aims for continued success in 2024.

Summit Materials achieves record 2023 performance, eyes strong 2024 growth

Summit Materials reported exceptional financial performance in 2023, with a focus on safety and operational efficiency. The company anticipates continued growth in 2024 through synergies, operational improvements, and strategic pricing initiatives.

Summit Materials reports robust Q1 performance and strategic growth outlook

Summit Materials' strong Q1 performance and focus on operational efficiencies position the company well for 2024 growth.
Despite challenges like volume pressure and import pricing, the company's strategic strengths and opportunities offer a positive outlook.
With a materials-dominant portfolio and emphasis on synergies, Summit Materials aims for margin expansion and operational excellence in 2024.
Confidence in achieving synergies, maintaining pricing strategies, and driving growth through commercial initiatives highlight Summit Materials' strategic direction.

Summit Materials reports strong Q2 performance amidst volume challenges

Summit Materials delivered a successful Q2 with margin expansion and strategic acquisitions. Facing challenges in volume due to weather impacts and softening demand.
Confident in maintaining outlook with strong pricing execution and synergies progress. Cement pricing power expected to remain strong with opportunities for growth.
Continued focus on driving margin and EBITDA growth through controllable levers. Renegotiating agreements to catch up to market pricing in the Cement segment.

Summit Materials reports robust Q3 performance amidst weather challenges

Summit Materials' Q3 2024 performance showcased resilience and strategic progress despite weather challenges. With a focus on safety, pricing strategies, and operational improvements, the company is poised for enduring growth and margin expansion.

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Summit Materials, Inc. is a vertically integrated construction materials company, which engages in manufacturing construction materials and related downstream products. It operates through the following segments: West, East, and Cement. The West segment includes operations in Texas, Utah, Arizona, Colorado, Idaho, Wyoming, Oklahoma, Arkansas and British Columbia, Canada. The East segments refers to its East and Central regions and serves markets extending across the Midwestern and Eastern United States. The Cement segment is involved in Hannibal, Missouri and Davenport, Iowa cement plants, and distribution terminals along the Mississippi River from Minnesota to Louisiana. The company was founded by Thomas W. Hill on September 23, 2014 and is headquartered in Denver, CO.

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Reiterates and Provides Pathway to Elevate Summit Margin Target Upgrades Argos Synergy Target to at Least $130 Million Eliminates Up-C Structure DENVER , March 13, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading construction materials company, announces highlights that are being presented at its Investor Day today in New York City.  "Since the introduction of our Elevate Summit Strategy in March 2021, it has been the cornerstone of our decision-making process, shaping our actions and providing a clear roadmap for our future," said Anne Noonan, CEO of Summit Materials.

Summit Materials, Inc. Provides Update on Its Elevate Strategy

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Summit Materials: A Well Diversified Business With Focus On High Margin Materials Segment

Does Summit Materials (SUM) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Summit Materials (SUM) a Strong Momentum Stock: Buy Now?

DENVER , Feb. 20, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company"), a market-leading producer of aggregates and cement, will host a hybrid investor day on Wednesday, March 13, 2024, beginning at 9:00am Eastern Time (7:00am Mountain Time). Chief Executive Officer Anne Noonan and her executive leadership team will lead an investor presentation and Q&A session that will focus on Summit's strategic imperatives, emphasizing key financial targets, and outlining the comprehensive roadmap for the future.

Summit Materials to Host Investor Day on March 13, 2024

Summit Materials (SUM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Summit Materials, Inc. (SUM) Hit a 52 Week High, Can the Run Continue?

Summit Materials, Inc. (SUM) Q4 2023 Earnings Call Transcript

Summit's (SUM) fourth-quarter 2023 results reflect increased average sales prices across all lines of business, partially offset by high costs and expenses.

Summit's (SUM) Stock Rises on Q4 Earnings & Revenue Beat

While the top- and bottom-line numbers for Summit Materials (SUM) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Summit Materials (SUM) Q4 Earnings

Summit Materials (SUM) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.32 per share a year ago.

Summit Materials (SUM) Tops Q4 Earnings and Revenue Estimates

Establishes Annual Summit Records for Revenue and Profitability Record Annual Organic Pricing Growth for Aggregates and Cement DENVER , Feb. 14, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), market-leading producer of aggregates and cement company, today announced results for the fourth quarter and full year ended December 30, 2023. All comparisons are versus the quarter and full year ended December 31, 2022 unless noted otherwise.

Summit Materials, Inc. Reports Fourth Quarter and Full Year 2023 Results

Beyond analysts' top -and-bottom-line estimates for Summit Materials (SUM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Curious about Summit Materials (SUM) Q4 Performance? Explore Wall Street Estimates for Key Metrics

Summit Materials (SUM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Summit Materials (SUM) Q4 Earnings Expected to Decline

DENVER , Jan. 25, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company"), a leading construction materials company, today announced that it will release fourth quarter and full year 2023 financial results after the market closes on Wednesday, February 14, 2024. A conference call will be held on Thursday, February 15, 2024 at 11:00 a.m.

Summit Materials Announces Fourth Quarter and Full Year 2023 Results Conference Call Date

Summit Materials (SUM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Summit Materials (SUM) Upgraded to Buy: Here's Why

DENVER , Jan. 18, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company"), a leading construction materials solutions provider, today announces that Jason Kilgore, Charles DePriest, and David Loomes will serve as Executive Vice Presidents of Summit Materials' reporting segments effective January 12, 2024 "As we undertake the integration of the Argos USA assets and accelerate our strategic progress portfolio-wide, I am pleased to have a distinguished and proven team that will lead our reporting segments," said Anne Noonan, President and CEO of Summit Materials. "Under the guidance of Jason, Charles, and David, I am extremely confident our organization will be aligned and motivated to advance our business both strategically and financially.

Summit Materials Announces Leadership Appointments

DENVER , Jan. 17, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company") is pleased to announce the appointment of Jorge Mario Velasquez, Irene Moshouris, and Juan Esteban Calle to the Summit Materials Board of Directors, effective January 12, 2024. Following these appointments, and together with the retirement of John Murphy, the Board consists of 11 directors, 10 of whom are independent.

Summit Materials Announces Board of Directors Appointments

Transaction Creates Unrivaled, Materials Dominant, Platform with National Scale DENVER , Jan. 12, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company") announced today that it has successfully completed its $3.2 billion combination with Argos North America Corp. ("Argos USA," the U.S. operations of Cementos Argos S.A. (CCB.CN, CEMARGOS CB) ("Cementos Argos")).

Summit Materials Completes Combination with Argos USA

Summit's (SUM) merger with Argos USA is set to create the fourth-largest cement platform and accelerate its Elevate Summit strategy.

Summit's (SUM) Shareholders Approve Merger With Argos USA

DENVER , Jan. 11, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company") announced today that its shareholders have voted overwhelmingly to approve certain proposals related to the Transaction Agreement, dated September 7, 2023 (the "Transaction Agreement") by and among the Company, Argos North America Corp. ("Argos USA," the U.S. operations of Cementos Argos S.A. (CCB.CN, CEMARGOS CB) ("Cementos Argos")), Cementos Argos, Argos SEM, LLC, and Valle Cement Investments, Inc. Approximately 98.8% of the votes cast at today's Special Meeting of Stockholders voted to approve a proposal to issue 54,720,000 shares of Summit's Class A common stock, par value $0.01 per share, to Cementos Argos and its affiliates at the closing of the transactions contemplated by the Transaction Agreement.

Summit Materials Shareholders Approve Combination with Argos USA

DENVER , Jan. 9, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company"), a leading vertically integrated construction materials company, is pleased to announce the appointment of Marshall Moore as EVP, Chief Operations Officer effective January 4, 2024. Moore brings to this newly created role a 35-year track record of success in manufacturing and supply chain management, business process, operational excellence, product innovation, public affairs, strategy and business development.

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