Summit Materials, Inc. (SUM)

NYSE: SUM · IEX Real-Time Price · USD
38.93
-0.63 (-1.59%)
Apr 24, 2024, 4:00 PM EDT - Market closed
-1.59%
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]

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

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 Statements

Analyst 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.

Price Target
$46.55
(19.57% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

6 days 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...

6 weeks ago - PRNewsWire

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, ...

2 months ago - PRNewsWire

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)...

2 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 ...

3 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...

3 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 ...

3 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...

3 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...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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 ...

4 months ago - PRNewsWire

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...

4 months ago - Business Wire

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...

5 months ago - PRNewsWire

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...

5 months ago - PRNewsWire

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....

6 months ago - PRNewsWire

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 ...

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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...

6 months ago - PRNewsWire

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, ...

7 months ago - PRNewsWire

Top 5 Materials Stocks That Could Blast Off This Month - Compass Minerals Intl (NYSE:CMP), FMC (NYSE:FMC)

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Other symbols: CMPFMCSBSWSCL
8 months ago - Benzinga

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...

8 months ago - Investopedia

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...

8 months ago - Business Wire

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...

8 months ago - Market Watch

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...

8 months ago - Business Wire

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...

8 months ago - PRNewsWire