Summit Materials, Inc. (SUM)

NYSE: SUM · Real-Time Price · USD
48.40
+0.01 (0.02%)
Nov 20, 2024, 4:00 PM EST - Market closed
0.02%
Market Cap 8.50B
Revenue (ttm) 3.75B
Net Income (ttm) 147.37M
Shares Out 175.61M
EPS (ttm) 0.92
PE Ratio 52.78
Forward PE 24.28
Dividend n/a
Ex-Dividend Date n/a
Volume 591,854
Open 48.36
Previous Close 48.39
Day's Range 47.94 - 48.61
52-Week Range 34.24 - 51.74
Beta 1.14
Analysts Strong Buy
Price Target 50.46 (+4.26%)
Earnings Date Oct 30, 2024

About SUM

Summit Materials, Inc. operates as a vertically integrated construction materials company in the United States and Canada. It operates in three segments: West, East, and Cement. The company offers aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. The company serves the public infrastructure, and resi... [Read more]

Sector Materials
IPO Date Mar 12, 2015
Employees 5,300
Stock Exchange NYSE
Ticker Symbol SUM
Full Company Profile

Financial Performance

In 2023, Summit Materials's revenue was $2.62 billion, an increase of 8.58% compared to the previous year's $2.41 billion. Earnings were $285.86 million, an increase of 5.04%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for SUM stock is "Strong Buy." The 12-month stock price forecast is $50.46, which is an increase of 4.26% from the latest price.

Price Target
$50.46
(4.26% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Summit Materials, Inc. (SUM) Q3 2024 Earnings Call Transcript

Summit Materials, Inc. (NYSE:SUM) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Andy Larkin – Vice President of Investor Relations Anne Noonan – Chief Executive O...

20 days ago - Seeking Alpha

Summit Materials, Inc. Reports Third Quarter 2024 Results

Pricing Momentum Continues Sets ELEVATE Summit Record for Quality of Earnings Refining 2024 Guidance DENVER , Oct. 30, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materi...

21 days ago - PRNewsWire

Summit Materials Discloses Receipt of a Non-Binding Acquisition Proposal

DENVER , Oct. 24, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company") today disclosed that it has received a non-binding acquisition ...

27 days ago - PRNewsWire

Quikrete is in talks to acquire Summit Materials, sources say

Building materials provider Quikrete is in early-stage talks to acquire rival Summit Materials , people familiar with the matter said on Thursday.

27 days ago - Reuters

Summit Materials Announces Third Quarter 2024 Results Conference Call Date

DENVER , Oct. 15, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company"), a leading vertically integrated construction materials company, today announced that it will relea...

5 weeks ago - PRNewsWire

Summit Materials: Good Growth Prospects Should Drive Further Upside

Summit Materials, Inc. has strong growth prospects driven by price increases, easing volume comparisons, and robust demand in public infrastructure and manufacturing sectors. Margins are expected to i...

7 weeks ago - Seeking Alpha

The wave of young people buying homes will be a tailwind for builders, says Jefferies' Philip Ng

Philip Ng, Jefferies senior building products analyst, joins 'Power Lunch' to discuss the outlook for home builders and the impact from inflation on them.

Other symbols: EXPMLMVMC
2 months ago - CNBC Television

Summit Materials and Green America Recycling Pioneer Alternative Fuel Technology at the Davenport, Iowa Cement Plant

First global pre-commercial installation of FuelFlex technology will reduce Davenport's Fossil Fuel usage by 20%.  DENVER , Sept.

2 months ago - PRNewsWire

Summit Materials, Inc. (SUM) Q2 2024 Earnings Call Transcript

Summit Materials, Inc. (NYSE:SUM) Q2 2024 Earnings Conference Call August 6, 2024 12:00 PM ET Company Participants Andy Larkin - Vice President, Investor Relations Anne Noonan - Chief Executive Offic...

3 months ago - Seeking Alpha

Summit Materials, Inc. Reports Second Quarter 2024 Results

Argos USA Synergies On Track Sustained Aggregates Growth Reaffirming 2024 Guidance Range DENVER , Aug. 5, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit...

3 months ago - PRNewsWire

Summit Materials Announces Second Quarter 2024 Results Conference Call Date

DENVER , July 19, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company"), a leading vertically integrated construction materials company, today announced that it will relea...

4 months ago - PRNewsWire

Summit Materials: Still Cheap, Still Worth An Optimistic View

Now that the dust has settled following Summit Materials' acquisition of Argos USA, the company makes for an interesting prospect. The company is now the fourth-largest cement producer and sixth-large...

5 months ago - Seeking Alpha

Summit Materials, Inc. (SUM) Q1 2024 Earnings Call Transcript

Summit Materials, Inc. (NYSE:SUM) Q1 2024 Results Conference Call May 2, 2024 12:00 PM ET Company Participants Andy Larkin - Vice President, Investor Relations Anne Noonan - Chief Executive Officer S...

7 months ago - Seeking Alpha

Summit Materials, Inc. Reports First Quarter 2024 Results

Margin Expansion Fueled by Pricing Momentum and Operational Improvements Raises 2024 Synergy Target to At Least $40 million Adjusting 2024 Guidance Higher DENVER , May 1, 2024 /PRNewswire/ -- Summit M...

7 months ago - PRNewsWire

Summit Materials Announces First Quarter 2024 Results Conference Call Date

DENVER , April 18, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company"), a leading construction materials company, today announced that it will release first quarter 2024...

7 months ago - PRNewsWire

Summit Materials, Inc. Provides Update on Its Elevate Strategy

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 Material...

9 months ago - PRNewsWire

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

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

9 months ago - Seeking Alpha

Summit Materials to Host Investor Day on March 13, 2024

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, ...

9 months ago - PRNewsWire

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

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

9 months ago - Seeking Alpha

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

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)...

10 months ago - PRNewsWire

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

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 ...

10 months ago - PRNewsWire

Summit Materials Announces Leadership Appointments

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 D...

10 months ago - PRNewsWire

Summit Materials Announces Board of Directors 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 ...

11 months ago - PRNewsWire

Summit Materials Completes Combination with Argos USA

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 tha...

11 months ago - PRNewsWire

Summit Materials Shareholders Approve Combination 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 relate...

11 months ago - PRNewsWire