Summit Materials, Inc. (SUM)
Market Cap | 3.22B |
Revenue (ttm) | 2.41B |
Net Income (ttm) | 3.80M |
Shares Out | 118.43M |
EPS (ttm) | 2.26 |
PE Ratio | 12.03 |
Forward PE | 21.37 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 492,937 |
Open | 26.91 |
Previous Close | 27.27 |
Day's Range | 26.50 - 27.26 |
52-Week Range | 21.62 - 34.40 |
Beta | 1.43 |
Analysts | Buy |
Price Target | 37.09 (+36.46%) |
Earnings Date | May 2, 2023 |
About SUM
Summit Materials, Inc., through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, and residential and nonresidential end markets. It operates through three segments: West, East, and Cement. The company's products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services to the private and public infrastructure sectors. In addition, the company operates mu... [Read more]
Financial Performance
In 2022, SUM's revenue was $2.41 billion, an increase of 0.12% compared to the previous year's $2.41 billion. Earnings were $3.80 million, an increase of 81.12%.
Financial StatementsAnalyst Forecast
According to 22 analysts, the average rating for SUM stock is "Buy." The 12-month stock price forecast is $37.09, which is an increase of 36.46% from the latest price.
News

Summit and Continental Cement Invests in North America's Largest Cement Storage Dome in Davenport, Iowa
DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a leading construction materials solutions provider, in partnership with its...

Summit Materials Continental Cement Company Announces Ribbon Cutting Event for its New Cement Storage Facility
DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a leading vertically integrated construction materials company, proudly anno...

Summit Materials Continental Cement Company Successfully Concludes Negotiations of New Collective Bargaining Agreement with Union Employees at its Hannibal Plant
DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM) (“Summit,” “Summit Materials,” “Summit Inc.” or the “Company”), a leading vertically integrated construction materials company, announces th...

Summit Materials Announces Scott Anderson as New Chief Financial Officer
DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM, “Summit” or the “Company”), a leading vertically integrated construction materials company, is pleased to announce the appointment of Scott ...

Summit Materials (SUM) Q4 Earnings Top Estimates
Summit Materials (SUM) delivered earnings and revenue surprises of 10.34% and 7.84%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Summit Materials, Inc. Reports Fourth Quarter and Full Year 2022 Results
DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM) (“Summit,” “Summit Materials,” "Summit Inc." or the “Company”), a leading vertically integrated construction materials company, today announ...

Summit Materials (SUM) Reports Next Week: Wall Street Expects Earnings Growth
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 Announces Fourth Quarter and Full Year 2022 Results Conference Call Date
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 qu...
Thompson: Expect to see an increase in funding for infrastructure projects this year
Kathryn Thompson, CEO of Thompson Research Group, discusses which companies may benefit as the Biden administration starts to dole out funding from the president's infrastructure law.

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, today anno...

Summit Materials, Inc. Announces Senior Leadership Change
DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM) (“Summit,” “Summit Materials,” "Summit Inc." or the “Company”), a leading vertically integrated construction materials company, announced ...

4 Concrete & Aggregates Stocks to Watch Amid Industry Headwinds
Federal infrastructure spending should help the Zacks Building Products - Concrete & Aggregates industry players to thrive. VMC, MLM, EXP and SUM should gain from a demand surge amid high costs.

Summit Materials (SUM) Q3 Earnings Miss Estimates
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, Inc. Reports Third Quarter 2022 Results
DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM) (“Summit,” “Summit Materials,” "Summit Inc." or the “Company”), a leading vertically integrated construction materials company, today announ...

Summit Materials (SUM) Earnings Expected to Grow: Should You Buy?
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 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," "Summit Materials," "Summit Inc." or the "Company"), a leading vertically integrated construction materials company, announces Co...

Summit Materials Announces Third Quarter 2022 Results Conference Call Date
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 quart...

Are Investors Undervaluing Summit Materials (SUM) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...

3 Stocks That Look Like Bargains
PagSeguro Digital Ltd., LKQ Corp and Summit Materials Inc. seem to be underestimated by the market.

Summit Materials Drives Towards 2050 Net Zero Carbon Targets with Full Conversion to Portland Limestone Cement at Continental Cement Company's Hannibal Plant
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 (SUM) Q2 Earnings Surpass Estimates
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, Inc. Reports Second Quarter 2022 Results
DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM) (“Summit,” “Summit Materials,” "Summit Inc." or the “Company”), a leading vertically integrated construction materials company, today announ...

Summit Materials Announces Second Quarter 2022 Results Conference Call Date
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 quar...

Summit Materials, Inc. Provides Update on Its Elevate Strategy
DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM) (“Summit,” “Summit Materials,” "Summit Inc." or the “Company”), a leading vertically integrated construction materials company, today announ...

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