Summit Materials Inc (SUM) |
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Price: $41.2300
$0.41
1.004%
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Day's High:
| $41.2
| Week Perf:
| -2.21 %
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Day's Low: |
$ 40.86 |
30 Day Perf: |
4.25 % |
Volume (M): |
16 |
52 Wk High: |
$ 44.42 |
Volume (M$): |
$ 643 |
52 Wk Avg: |
$34.61 |
Open: |
$41.36 |
52 Wk Low: |
$25.43 |
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Market Capitalization (Millions $) |
4,931 |
Shares
Outstanding (Millions) |
120 |
Employees |
5,000 |
Revenues (TTM) (Millions $) |
2,619 |
Net Income (TTM) (Millions $) |
290 |
Cash Flow (TTM) (Millions $) |
654 |
Capital Exp. (TTM) (Millions $) |
256 |
Summit Materials Inc
We are one of the fastest growing construction materials companies in the United
States. Our materials include aggregates, which we supply across the United
States, and in British Columbia, Canada, and cement, which we supply along the
Mississippi River from Minneapolis to New Orleans. Within our markets, we offer
customers a single-source provider for construction materials and related downstream
products through our vertical integration. In addition to supplying aggregates
to customers, we use our materials internally to produce ready-mix concrete
and asphalt paving mix, which may be sold externally or used in our paving and
related services businesses. Our vertical integration creates opportunities
to increase aggregates volumes, optimize margin at each stage of production
and provide customers with efficiency gains, convenience and reliability, which
we believe gives us a competitive advantage.
Since our first acquisition more than seven years ago, we have rapidly become
a major participant in the U.S. construction materials industry.
Our rapid growth achieved over the last seven years has been due in large part
to our acquisitions, which we funded through equity issuances, and debt financings
and cash from operations. Over the past decade, we witnessed a cyclical decline
followed by a slow recovery in the private construction market and nominal growth
in public infrastructure spending. However, the U.S. private construction market
has grown in recent years both nationally and in our markets. We believe we
are well positioned to capitalize on this recovery to grow our business and
reduce our leverage over time.
We operate in 21 U.S. states and in British Columbia, Canada and have assets
in 20 U.S. states and in British Columbia, Canada through our platforms that
make up our operating segments: West; East; and Cement. The platform businesses
in the West and East segments have their own management teams that report to
a segment president. The segment presidents, including the cement division president,
are responsible for overseeing the operating platforms, developing growth opportunities,
implementing best practices and integrating acquired businesses. Acquisitions
are an important element of our strategy, as we seek to enhance value through
increased scale and cost savings within local markets.
·
West Segment: Our West segment includes operations in Texas, the Mountain states
of Utah, Colorado, Idaho, Wyoming and Nevada and in British Columbia, Canada.
We supply aggregates, ready-mix concrete, asphalt paving mix and paving and
related services in the West segment.
·
East Segment: Our East segment serves markets extending across the Midwestern
and Eastern United States, most notably in Kansas, Missouri, Virginia, Kentucky,
North Carolina, South Carolina and Nebraska where we supply aggregates, ready-mix
concrete, asphalt paving mix and paving and related services.
The U.S. construction materials industry is composed of four primary sectors:
aggregates; cement; ready-mix concrete; and asphalt paving mix. Each of these
materials is widely used in most forms of construction activity. Participants
in these sectors typically range from small, privately-held companies focused
on a single material, product or market to multinational corporations that offer
a wide array of construction materials and services. Competition is constrained
in part by the distance materials can be transported efficiently, resulting
in predominantly local or regional operations. Due to the lack of product differentiation,
competition for all of our products is predominantly based on price and, to
a lesser extent, quality of products and service. As a result, the prices we
charge our customers are not likely to be materially different from the prices
charged by other producers in the same markets. Accordingly, our profitability
is generally dependent on the level of demand for our products and our ability
to control operating costs.
Company Address: 1801 California Street Denver 80202 CO
Company Phone Number: 893-0012 Stock Exchange / Ticker: NYSE SUM
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Customers Net Income grew by |
SUM's Customers Net Profit Margin fell to |
2.78 % |
7.32 %
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Stock Performances by Major Competitors |
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Summit Materials Inc
Financial News Report: Summit Materials Inc Faces Declining Earnings Despite Revenue Growth In the most recent fiscal period, Summit Materials Inc, a Construction Raw Materials company, experienced a deterioration in earnings, leading to a sharp drop of -89.75% to $0.02 per share. However, there was a respectable increase in revenue, rising by 19.53% to $660.13 million compared to the same reporting period a year ago. While many companies in the Construction Raw Materials industry are struggling with receding businesses and fading revenue, Summit Materials Inc managed to flourish in the fourth quarter of 2023. This success may be attributed to the company's shift in focus towards improving sales in the financial interval ending December 30, 2023. Consequently, the company's net margin eased to 0.51%.
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Summit Materials Inc
Summit Materials Inc, a leading Construction Raw Materials company, announced its impressive financial results for the July to September 30, 2023 reporting period. The company showcased significant growth, with substantial increases in earnings per share (EPS), income per share, revenue, and net income. Although the industry experienced a slight dip in comparison, Summit Materials Inc stands out with its notable improvements in profitability and rising demand. This article aims to analyze the financial results and discuss their potential impact on the company's future. 1. Remarkable Growth in Key Financial Metrics: During the July to September 30, 2023 period, Summit Materials Inc witnessed remarkable growth in its EPS, recording a 163.01% increase to $1.92 per share compared to $0.73 in the previous year. Moreover, income per share experienced a 174.29% surge from $0.70 to $1.92 per share. These figures indicate robust operational efficiency and profitability, reflecting positively on the company's overall financial health.
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Summit Materials Inc
Summit Materials Inc, a Construction Raw Materials company, has released its financial results for the second quarter of 2023. The figures reveal a contradictory situation, where revenue grew significantly compared to the previous year, while the earnings per share (EPS) exhibited a steep decline. Understanding the implications of these results will be crucial in determining the company's future trajectory. Revenue Growth Amidst Declining Sector: In a surprising twist, Summit Materials Inc experienced a notable 6.204% growth in revenue for Q2 2023, amounting to $729.15 million compared to $686.55 million in the previous year. This stands in stark contrast to the broader Construction Raw Materials sector, which witnessed a 2.70% decrease in revenue during the same period. Consequently, Summit Materials' performance appears to be an outlier and commands attention within the industry.
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Summit Materials Inc
performance. Summit Materials Inc, a construction materials company, has reported a higher return on assets (ROA) in the first quarter of 2023, with a 3.4% ROA as compared to the company's average of 2.57%. The increase in the ROA has been attributed to net income growth. Summit Materials Inc's overall ranking in terms of ROA has advanced in the first quarter of 2023 to 1083, from 1820 in the fourth quarter of 2022.
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Per Share |
Current |
Earnings (TTM) |
2.38 $ |
Revenues (TTM) |
21.9 $
|
Cash Flow (TTM) |
5.47 $ |
Cash |
3.13 $
|
Book Value |
19.37 $
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Dividend (TTM) |
0 $ |
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Per Share |
|
Earnings (TTM) |
2.38 $
|
Revenues (TTM) |
21.9 $ |
Cash Flow (TTM) |
5.47 $ |
Cash |
3.13 $
|
Book Value |
19.37 $ |
Dividend (TTM) |
0 $ |
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