Revenues of Summit Materials Inc's Suppliers, deteriorated by -2.87 % compared to the same quarter a year ago, from the previous quarter, sales fell by -0.79 %, Summit Materials Inc recorded an increase in cost of sales by 45.13 % year on year, sequentially cost of sales grew by 5.11 % in Q3.
Summit Materials Inc's Suppliers realized a deteriorated in sales by -2.87 % compared to the same quarter a year ago, from the previous quarter, sales fell by -0.79 %, Summit Materials Inc recorded increase in cost of sales by 45.13 % year on year, sequentially cost of sales grew by 5.11 % in Q3.
The company operates two cement plants located in Hannibal, Missouri, and Davenport, Iowa, with a combined production capacity of approximately 2.4 million short tons per year. Both plants utilize on-site raw material supplies and are supported by nine distribution terminals along the Mississippi River. Fuel sources include alternative fuels such as hazardous and non-hazardous waste, coal, natural gas, and petroleum coke. The Hannibal plant is among the few facilities in the United States permitted to process hazardous waste fuel. Cement distribution is primarily conducted via barge (70-80%), supplemented by truck and rail transport. In 2022, the company transitioned its entire cement production to Portland Limestone Cement (PLC) to reduce CO2 emissions. Distribution typically covers a 150-mile radius, extended through rail and barge access.
Summit Materials Inc's Comment on Supply Chain
The company operates two cement plants located in Hannibal, Missouri, and Davenport, Iowa, with a combined production capacity of approximately 2.4 million short tons per year. Both plants utilize on-site raw material supplies and are supported by nine distribution terminals along the Mississippi River. Fuel sources include alternative fuels such as hazardous and non-hazardous waste, coal, natural gas, and petroleum coke. The Hannibal plant is among the few facilities in the United States permitted to process hazardous waste fuel. Cement distribution is primarily conducted via barge (70-80%), supplemented by truck and rail transport. In 2022, the company transitioned its entire cement production to Portland Limestone Cement (PLC) to reduce CO2 emissions. Distribution typically covers a 150-mile radius, extended through rail and barge access.
SUM's Suppliers Net Income grew by
SUM's Suppliers Net margin grew in Q3 to
32.86 %
14.59 %
SUM's Suppliers Net Income grew by 32.86 %
SUM's Suppliers Net margin grew in Q3 to 14.59 %
Summit Materials Inc's Suppliers Sales Growth
in Q3 2024 by Industry
Sources:
Summit Materials Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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