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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

DENVER--(BUSINESS WIRE)--Summit Materials, Inc. Reports Second Quarter 2021 Results

Summit Materials, Inc. Reports Second Quarter 2021 Results

DENVER--(BUSINESS WIRE)--Summit Materials Announces Second Quarter 2021 Results Conference Call Date

Summit Materials Announces Second Quarter 2021 Results Conference Call Date

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.

Summit Materials (SUM) to Report Q2 Results: Wall Street Expects Earnings Growth

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Increased federal infrastructure spending should help the Zacks Building Products - Concrete & Aggregates industry to thrive. VMC, MLM, EXP, SUM and CNR should gain from the demand surge.

5 Stocks in Focus From Promising Concrete & Aggregates Industry

CHESTERFIELD, Mo.--(BUSINESS WIRE)--Continental Cement Company Announces August 2021 Price Increase for Terminals in Louisiana and Memphis

Continental Cement Company Announces August 2021 Price Increase for Terminals in Louisiana and Memphis

DENVER--(BUSINESS WIRE)--Summit Materials Announces Appointment of Tamla Oates-Forney to Board of Directors

Summit Materials Announces Appointment of Tamla Oates-Forney to Board of Directors

Summit Material Inc. (SUM) CEO Anne Noonan on Q1 2021 Results - Earnings Call Transcript

Shares of Summit Materials (NYSE:SUM) rose in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 31.25% year over year to ($0.33), which beat the estimate of ($0.47).

Recap: Summit Materials Q1 Earnings

DENVER--(BUSINESS WIRE)--Summit Materials, Inc. Reports First Quarter 2021 Results

Summit Materials, Inc. Reports First Quarter 2021 Results

Summit Materials (SUM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Summit Materials (SUM) Ahead of Earnings?

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SUM, EXP, MLM, FND & ACM from the Zacks Construction sector are set to beat analysts' Q1 expectations on the back of solid residential, non-residential and infrastructural demand.

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DENVER--(BUSINESS WIRE)--Summit Materials Announces First Quarter 2021 Results Conference Call Date

Summit Materials Announces First Quarter 2021 Results Conference Call Date

DENVER--(BUSINESS WIRE)--Summit Materials Elevates Two to Senior Leadership & Creates Two New Roles

Summit Materials Elevates Two to Senior Leadership & Creates Two New Roles

DENVER--(BUSINESS WIRE)--Summit Materials to Host Virtual Investor Day

Summit Materials to Host Virtual Investor Day

Summit Materials, Inc. (SUM) CEO Anne Noonan on Q4 2020 Results - Earnings Call Transcript

Summit Materials (SUM) delivered earnings and revenue surprises of 31.58% and 10.45%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Summit Materials (SUM) Beats Q4 Earnings and Revenue Estimates

DENVER--(BUSINESS WIRE)--Summit Materials, Inc. Reports Fourth Quarter and Full Year 2020 Results

Summit Materials, Inc. Reports Fourth Quarter and Full Year 2020 Results

Summit's income statement does not represent the true underlying earnings due to tax benefits. The free cash flow remains very strong as the sustaining capex is tracking at just half the depreciation expenses.

Summit Materials: The Free Cash Flow Will Allow For Rapid Debt Reduction

Summit Materials (SUM) has moved higher as of late, but there could definitely be trouble on the horizon for this company.

Summit Materials (SUM) Enters Overbought Territory

The construction industry supplier got a boost from an analyst call that sees good things ahead for the stock.

Why Summit Materials Stock Jumped 12% in Early Trading Today

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Southeastern Asset Management recently disclosed its portfolio updates for the third quarter of 2020, which ended on Sept. 30.

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Summit Materials, Inc. (SUM) CEO Anne Noonan on Q3 2020 Results - Earnings Call Transcript

Summit Materials tried to put its best foot forward, but investors were still disappointed by its quarterly update.

Why Summit Materials Stock Plunged 17% at the Open Today

Summit Materials (SUM) delivered earnings and revenue surprises of -15.38% and -4.72%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Summit Materials Stock (SUM)