In the Q3, Summit Materials Inc 's corporate clients experienced a reduction by -2.68 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -8.36 %. During the corresponding time, Summit Materials Inc recorded a revenue increase by 47.35 % year on year, sequentially revenue grew by 4.73 %. While revenue at the Summit Materials Inc 's corporate clients fell by -2.8 % year on year, sequentially revenue fell by -7.15 %.
Customers of Summit Materials Inc saw their costs of revenue decrease by -2.68 % in Q3 compare to a year ago, sequentially costs of revenue were trimmed by -8.36 %, for the same period Summit Materials Inc recorded revenue increase by 47.35 % year on year, sequentially revenue grew by 4.73 %.
Summit Materials Inc's Comment on Sales, Marketing and Customers
The company operates in the construction materials market, supplying aggregates throughout the United States and British Columbia, Canada, and providing cement to states along the Mississippi River from Minnesota to Louisiana. It produces ready-mix concrete and asphalt paving mix for both external sale and internal use in paving and related services. In January 2024, the company completed a merger with Argos North America Corporation (Argos USA), acquiring assets including cement plants, ready-mix concrete plants, ports, and terminals across the East and Gulf Coast regions. Argos USA's facilities support cement importation, including from a plant in Cartagena, Colombia, owned by Cementos Argos S.A. In 2023, Argos USA sold approximately 6.7 million tons of cement and 5.2 million cubic yards of ready-mix concrete, generating about $1.7 billion in revenue. The company ranks among the top six aggregates suppliers and top four cement producers in the U.S. construction materials industry and is a major producer of ready-mix concrete and asphalt paving mix. In 2023, it sold 58.4 million tons of aggregates, 2.4 million tons of cement, 4.9 million cubic yards of ready-mix concrete, and 3.7 million tons of asphalt paving mix across nearly 400 sites. Customers and markets referenced include Argos North America Corporation, Argos SEM LLC, Argos USA, Cementos Argos S.A., and Valle Cement Investments, Inc.
Summit Materials Inc’s Comment on Sales, Marketing and Customers
The company operates in the construction materials market, supplying aggregates throughout the United States and British Columbia, Canada, and providing cement to states along the Mississippi River from Minnesota to Louisiana. It produces ready-mix concrete and asphalt paving mix for both external sale and internal use in paving and related services. In January 2024, the company completed a merger with Argos North America Corporation (Argos USA), acquiring assets including cement plants, ready-mix concrete plants, ports, and terminals across the East and Gulf Coast regions. Argos USA's facilities support cement importation, including from a plant in Cartagena, Colombia, owned by Cementos Argos S.A. In 2023, Argos USA sold approximately 6.7 million tons of cement and 5.2 million cubic yards of ready-mix concrete, generating about $1.7 billion in revenue. The company ranks among the top six aggregates suppliers and top four cement producers in the U.S. construction materials industry and is a major producer of ready-mix concrete and asphalt paving mix. In 2023, it sold 58.4 million tons of aggregates, 2.4 million tons of cement, 4.9 million cubic yards of ready-mix concrete, and 3.7 million tons of asphalt paving mix across nearly 400 sites. Customers and markets referenced include Argos North America Corporation, Argos SEM LLC, Argos USA, Cementos Argos S.A., and Valle Cement Investments, Inc.
Sources:
Summit Materials Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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