Summit Materials, Inc. (SUM)
Market Cap | 6.78B |
Revenue (ttm) | 2.62B |
Net Income (ttm) | 285.86M |
Shares Out | 174.27M |
EPS (ttm) | 2.39 |
PE Ratio | 16.29 |
Forward PE | 18.98 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 579,819 |
Open | 39.32 |
Previous Close | 39.56 |
Day's Range | 38.58 - 39.65 |
52-Week Range | 26.18 - 44.89 |
Beta | 1.32 |
Analysts | Buy |
Price Target | 46.55 (+19.57%) |
Earnings Date | May 1, 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, SUM'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 12 analysts, the average rating for SUM stock is "Buy." The 12-month stock price forecast is $46.55, which is an increase of 19.57% from the latest price.
News
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 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. 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...
SUMMIT MATERIALS ENHANCES LEADERSHIP TEAM WITH APPOINTMENT OF MARSHALL MOORE AS CHIEF OPERATIONS OFFICER
DENVER , Jan. 9, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company"), a leading vertically integrated construction materials company, is pleased to announce the appointm...
Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Summit Materials Shareholders Vote "FOR" Pending Transaction with Cementos Argos
DENVER , Jan. 3, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company"), a leading vertically integrated construction materials company, today announced that leading proxy ...
SUMMIT MATERIALS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Summit Materials, Inc. - SUM
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Summit Materials...
Summit Materials Announces Pricing of $800 Million of 7.250% Senior Notes Due 2031
DENVER , Nov. 30, 2023 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit") announced today that its indirect subsidiaries Summit Materials, LLC and Summit Materials Finance Corp. (the "Issuer...
SUMMIT MATERIALS ANNOUNCES INTENTION TO OFFER $800 MILLION OF SENIOR NOTES
DENVER , Nov. 27, 2023 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit") announced today that its indirect subsidiaries Summit Materials, LLC and Summit Materials Finance Corp. (the "Issuer...
Summit Materials, Inc. Reports Third Quarter 2023 Results
Establishes Summit Records for Revenue and Profitability Sets Elevate Summit highs for ROIC and Adjusted EBITDA Margin Raises 2023 Guidance DENVER , Nov. 1, 2023 /PRNewswire/ -- Summit Materials, Inc....
Summit Materials Announces Expiration of Hart-Scott-Rodino Act Waiting Period for Pending Transaction with Cementos Argos
DENVER , Oct. 24, 2023 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company"), a leading vertically integrated construction materials company, today announced the expiration of ...
Summit Materials' Continental Cement Signs Memorandum of Understanding with PCC Hydrogen to Explore Collaborative Opportunities to Lower Carbon Emissions
DENVER , Oct. 23, 2023 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a leading vertically integrated construction materials solutio...
Summit Materials Announces Third Quarter 2023 Results Conference Call Date
DENVER , Oct. 12, 2023 /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 to Discuss Argos Deal in Analyst-Led Fireside Chat
DENVER , Oct. 10, 2023 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company"), a leading vertically integrated construction materials company, today announced that Anne Noonan, ...
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Cementos Argos, Summit Materials Merge North American Operations in $3.2 Billion Deal
Colombia-based Cementos Argos announced it will combine its North American operations, Argos North America Corp., with Summit Materials (SUM) in a cash and stock deal worth $3.2 billion. The merger wi...
SUM Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Summit Materials, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Summit Materials, Inc. (NYSE: SUM) and Cementos Argos S.A. is fair to Summit shareholde...
Summit Materials to combine with Cementos Argos' U.S. business in a cash and stock deal valued at about $3.2 billion
Shares of Summit Materials Inc. SUM rallied 2.4% in premarket trading Thursday, after the cement maker announced an agreement to combine with Argos North America Corp. (Argos USA), the U.S. operations...
Argos North America and Summit Materials Combine to Create a Stronger Force in the U.S. Construction Materials Industry
ALPHARETTA, Ga.--(BUSINESS WIRE)--Cementos Argos today announced it has entered into a definitive agreement with Summit Materials, Inc. (NYSE:SUM) under which the U.S. operations of Cementos Argos, Ar...
Summit Materials to Combine with Argos USA, Creating a Materials-Led Enterprise with National Scale
Accelerates 'Elevate Summit' by Creating Premier Enterprise with ~$1 billion Combined EBITDA Including $100 Million of Synergies Expands Summit's Cement Footprint in Rapidly Growing, Year-Round Market...