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