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

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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.

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) Reports Next Week: Wall Street Expects Earnings Growth

DENVER--( BUSINESS WIRE )--Summit Materials, Inc. (NYSE: SUM, “Summit” or the “Company”), a leading vertically integrated construction materials company, today announced that it will release fourth quarter and full year 2022 financial results after the market closes on Wednesday, February 15, 2023. A conference call will be held on Thursday, February 16, 2023 at 1:00 p.m. eastern time (11:00 a.m. mountain time) to review Summit's financial results, discuss recent events and conduct a question-and-answer session.

Summit Materials Announces Fourth Quarter and Full Year 2022 Results Conference Call Date

The Elevate Summit Strategy should benefit Summit Materials by improving its margin through portfolio optimization, commercial and operational excellence, and M&As. The company's revenue should benefit from the pricing actions, M&As, and healthy demand in the public and non-residential end markets.

Summit Materials: Good Growth Prospects At A Discount Valuation

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 that it has declared a special stock dividend of 0.017 shares of the Company's Class A common stock, par value $0.01 per share (“Class A Common Stock”), for each outstanding share of Class A Common Stock. The special stock dividend is payable on December 29, 2022 to stockholders of record as of the close of business on December 15, 2022. Cash will be paid in lieu of issuing any fractional shares of Class A Common Stock.

Summit Materials, Inc. Declares Special Stock Dividend

DENVER--( BUSINESS WIRE )--Summit Materials, Inc. (NYSE: SUM) (“Summit,” “Summit Materials,” "Summit Inc." or the “Company”), a leading vertically integrated construction materials company, announced today that Karli Anderson, formerly Executive Vice President, Chief ESG Officer and Head of Investor Relations, will assume the title of Executive Vice President, Chief People and ESG Officer and Head of Communications, expanding her role to lead the Company's human resources and communications functions.

Summit Materials, Inc. Announces Senior Leadership Change

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4 Concrete & Aggregates Stocks to Watch Amid Industry Headwinds

Summit Materials, Inc. (NYSE:SUM ) Q3 2022 Earnings Conference Call November 3, 2022 11:00 AM ET Company Participants Karli Anderson - Investor Relations Anne Noonan - Chief Executive Officer Brian Harris - Chief Financial Officer Conference Call Participants Stanley Elliott - Stifel Trey Grooms - Stephens Inc. Collin Verron - Jefferies Brent Thielman - D.A. Davidson Kathryn Thompson - Thompson Research Group Asher Sohnen - Citigroup Jerry Revich - Goldman Sachs Adam Thalhimer - Thompson Davis David MacGregor - Longbow Research Garik Shmois - Loop Capital Operator Good day and welcome to Summit Materials Third Quarter 2022 Earnings Conference Call.

Summit Materials, Inc. (SUM) Q3 2022 Earnings Call Transcript

Summit Materials (SUM) delivered earnings and revenue surprises of -7.79% and 4.45%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Summit Materials (SUM) Q3 Earnings Miss 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 ended October 1, 2022 (“third quarter”).

Summit Materials, Inc. Reports Third Quarter 2022 Results

Summit Materials (SUM) Earnings Expected to Grow: Should You Buy?

DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a leading vertically integrated construction materials company, announces Continental Cement Company, LLC ("Continental Cement"), a subsidiary of Summit, produced a 20% Portland Limestone Cement (“PLC”), the lowest carbon Portland Limestone Cement to date as part of an innovative research project for the Minnesota Department of Transportation (MnDOT) and the National Road

Summit Materials Company Continental Cement Innovates Lowest Carbon Portland Limestone Cement (IL20) to Date for MNDOT and National Road Research Alliance Project

DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM, “Summit” or the “Company”), a leading vertically integrated construction materials company, today announced that it will release third quarter 2022 financial results after the market closes on Wednesday, November 2, 2022.

Summit Materials Announces Third Quarter 2022 Results Conference Call Date

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PagSeguro Digital Ltd., LKQ Corp and Summit Materials Inc. seem to be underestimated by the market.

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Summit Materials takes a vertical integration strategy and has several strong segments showing growth. Future prospects for revenue and earnings appear strong, and Summit has shown the ability to manage pricing.

Summit Materials Gives A Rock-Solid Foundation For Growth

DENVER--(BUSINESS WIRE)--Summit Materials Drives Towards 2050 Net Zero Carbon Targets with Full Conversion to Portland Limestone Cement at Continental Cement Hannibal Plant

Summit Materials Drives Towards 2050 Net Zero Carbon Targets with Full Conversion to Portland Limestone Cement at Continental Cement Company's Hannibal Plant

Summit Materials, Inc. (NYSE:SUM ) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Karli Anderson - Investor Relations Anne Noonan - Chief Executive Officer Brian Harris - Chief Financial Officer Conference Call Participants Stanley Elliott - Stifel Trey Grooms - Stephens Philip Ng - Jefferies David MacGregor - Longbow Research Garik Shmois - Loop Capital Mike Dahl - RBC Capital Markets Jerry Revich - Goldman Sachs Brent Thielman - D.A. Davidson Asher Sohnen - Citigroup Adam Thalhimer - Thompson Davis Brian Biros - Thompson Research Group Operator Ladies and gentlemen thank you for standing by.

Summit Materials, Inc. (SUM) CEO Anne Noonan on Q2 2022 Results - Earnings Call Transcript

Summit Materials (SUM) delivered earnings and revenue surprises of 13.21% and 1.95%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Summit Materials (SUM) Q2 Earnings Surpass 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 second quarter ended July 2, 2022 (“second quarter”). All comparisons are versus the quarter ended July 3, 2021 unless noted otherwise.     Three months ended ($ in thousands)   July 2, 2022   July 3, 2021   % Chg vs. PY Net revenue   $ 631,918   $ 618,530   2.2 % Operating inco

Summit Materials, Inc. Reports Second Quarter 2022 Results

DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM, “Summit” or the “Company”), a leading vertically integrated construction materials company, today announced that it will release second quarter 2022 financial results after the market closes on Wednesday, August 3, 2022. A conference call will be held on Thursday, August 4, 2022, at 11:00 a.m. eastern time (9:00 a.m. mountain time) to review Summit's financial results, discuss recent events and conduct a question-and-answer session. A

Summit Materials Announces Second Quarter 2022 Results Conference Call Date

Summit Materials has presented some ambitious but achievable medium-term financial targets. While inflation is a headwind, the resilient demand environment and Summit's ability to take pricing should help.

Summit Materials: Investor Day Outlines The Next Leg Of Growth

DENVER--(BUSINESS WIRE)--Summit Materials Announces Divestiture of Hinkle Contracting to CRH Americas Materials

Summit Materials Announces Divestiture of Hinkle Contracting to CRH Americas Materials

DENVER--(BUSINESS WIRE)--Summit Materials Appoints Kekin Ghelani as Chief Strategy and Growth Officer

Summit Materials Appoints Kekin Ghelani as Chief Strategy and Growth Officer

Summit Materials, Inc. (NYSE:SUM ) Q1 2022 Results Conference Call May 5, 2022 11:00 AM ET Company Participants Karli Anderson - EVP, Chief Environmental, Social & Governance Officer and Head of IR Anne Noonan - President, CEO & Director Brian Harris - EVP & CFO Conference Call Participants Stanley Elliott - Stifel Trey Grooms - Stephens Garik Shmois - Loop Capital Collin Verron - Jefferies Asher Sohnen - Citigroup Timna Tanners - Wolfe research Brent Thielman - D.A. Davidson Jerry Revich - Goldman Sachs Adam Thalhimer - Thompson Davis Kathryn Thompson - Thompson Research Group Operator Good morning.

Summit Materials, Inc. (SUM) CEO Anne Noonan on Q1 2022 Results - Earnings Call Transcript

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

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