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 First Quarter 2022 Results

Summit Materials, Inc. Reports First Quarter 2022 Results

DENVER--(BUSINESS WIRE)--Summit Materials to Host Investor Day on May 24, 2022

Summit Materials to Host Investor Day on May 24, 2022

DENVER--(BUSINESS WIRE)--Summit Materials Announces First Quarter 2022 Results Conference Call Date

Summit Materials Announces First Quarter 2022 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 #1 (Strong Buy).

Summit Materials (SUM) Upgraded to Strong Buy: Here's What You Should Know

DENVER--(BUSINESS WIRE)--Summit Materials Announces 2030 and 2050 Climate and Inclusion Targets

Summit Materials Announces 2030 and 2050 Climate and Inclusion Targets

DENVER--(BUSINESS WIRE)--Summit Materials announces full conversion to Portland Limestone Cement at Continental Cement Company's Davenport Plant

Summit Materials Announces Full Conversion to Portland Limestone Cement at Continental Cement Company's Davenport Plant

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Federal infrastructure spending should help the Zacks Building Products - Concrete & Aggregates industry players to thrive. VMC, MLM, EXP, SUM, and CNR should gain from the demand surge amid high labor costs and supply-chain woes.

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The consensus price target hints at a 33.9% upside potential for Summit Materials (SUM). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

How Much Upside is Left in Summit Materials (SUM)? Wall Street Analysts Think 34%

DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM) (“Summit,” “Summit Materials,” "Summit Inc." or the “Company”), a leading vertically integrated construction materials company, announces that its Board of Directors has authorized a share repurchase program of up to $250 million of Summit's Class A common stock. "With our Elevate Summit strategy driving improved execution and financial performance as evidenced by record 2021 results, we believe Summit's common stock currently represen

Summit Materials, Inc. Announces Stock Repurchase Program

DENVER--(BUSINESS WIRE)--Summit Materials Names Tom Beck as Executive Vice President And Appoints David Loomes as Continental Cement Company President.

Summit Materials Names Tom Beck as Executive Vice President and Appoints David Loomes as Continental Cement Company President

Summit Materials, Inc. (SUM) CEO Anne Noonan on Q4 2021 Results - Earnings Call Transcript

Summit Materials (SUM) delivered earnings and revenue surprises of 0% and 4.08%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Summit Materials (SUM) Meets Q4 Earnings Estimates

DENVER--(BUSINESS WIRE)--Summit Materials, Inc. Reports Fourth Quarter and Full Year 2021 Results

Summit Materials, Inc. Reports Fourth Quarter and Full Year 2021 Results

DENVER--(BUSINESS WIRE)--Summit Materials Announces Fourth Quarter and Full Year 2021 Results Conference Call Date

Summit Materials Announces Fourth Quarter and Full Year 2021 Results Conference Call Date

Summit Materials saw its share price double this year and is up about 80% since my initial article in January. The financial performance of the company exceeded my expectations.

Summit Materials Delivers On Its Promises But Is Getting Too Expensive

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Summit Materials, Inc. (SUM) CEO Anne Noonan on Q3 2021 Results - Earnings Call Transcript

Summit Materials (SUM) delivered earnings and revenue surprises of 6.25% and -3.59%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Summit Materials (SUM) Tops Q3 Earnings Estimates

DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM, “Summit,” “Summit Materials,” "Summit Inc." or the “Company”), a leading vertically integrated construction materials company, today announced results for the third quarter 2021. For the three months ended October 2, 2021, the Company reported net income attributable to Summit Inc. of $74.2 million, or $0.63 per basic share, compared to net income attributable to Summit Inc. of $90.7 million, or $0.79 per basic share in the comparable

Summit Materials, Inc. Reports Third Quarter 2021 Results

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DENVER, Colo.--(BUSINESS WIRE)--Summit Materials Announces Third Quarter 2021 Results Conference Call Date

Summit Materials Announces Third Quarter 2021 Results Conference Call Date

CHESTERFIELD, Mo.--(BUSINESS WIRE)--Continental Cement Company Joins Roadmap to Carbon Neutrality by 2050

Continental Cement Company Joins Roadmap to Carbon Neutrality by 2050

Summit Materials saw its net income increase in H1 2021, but this also was due to a gain on the sale of a business. The underlying free cash flow remained positive, but the capex is front loaded.

News for Summit Materials Stock (SUM)