Summit Materials, Inc. (SUM)

NYSE: SUM · IEX Real-Time Price · USD
27.18
-0.09 (-0.33%)
Mar 24, 2023, 4:00 PM EDT - Market closed
-0.33%
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]

Sector Materials
IPO Date Mar 12, 2015
Employees 5,500
Stock Exchange NYSE
Ticker Symbol SUM
Full Company Profile

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 Statements

Analyst 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.

Price Target
$37.09
(36.46% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

3 days ago - Business Wire

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...

1 week ago - Business Wire

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...

3 weeks ago - Business Wire

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 ...

3 weeks ago - Business Wire

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?

1 month ago - Zacks Investment Research

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...

1 month ago - Business Wire

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.

1 month ago - Zacks Investment Research

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...

1 month ago - Business Wire

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.

Other symbols: CNMVMC
2 months ago - CNBC Television

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...

3 months ago - Business Wire

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 months ago - Business Wire

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.

Other symbols: EXPMLMVMC
4 months ago - Zacks Investment Research

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?

5 months ago - Zacks Investment Research

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...

5 months ago - Business Wire

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.

5 months ago - Zacks Investment Research

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...

5 months ago - Business Wire

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...

5 months ago - Business Wire

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...

6 months ago - Zacks Investment Research

3 Stocks That Look Like Bargains

PagSeguro Digital Ltd., LKQ Corp and Summit Materials Inc. seem to be underestimated by the market.

Other symbols: LKQPAGS
6 months ago - GuruFocus

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

7 months ago - Business Wire

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?

8 months ago - Zacks Investment Research

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...

8 months ago - Business Wire

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...

9 months ago - Business Wire

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...

10 months ago - Business Wire

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

11 months ago - Business Wire