Summit Materials: A Well Diversified Business With Focus On High Margin Materials Segment [Seeking Alpha]
Summit Materials, Inc. Class A (SUM)
Last summit materials, inc. class a earnings: 4/29 06:00 am
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US:NYSE Investor Relations:
investors.summit-materials.com/news
Company Research
Source: Seeking Alpha
The company is focusing on and moving towards the higher-margin materials segment. In addition, the Argo acquisition is expected to contribute to its growth outlook. While the residential and non-residential construction outlook is modest, SUM anticipates growth in its public segment. Synopsis Summit Materials ( NYSE: SUM ) is a company that offers construction materials such as aggregates, cement, ready-mix concrete, and asphalt paving mix. SUM's past revenue growth has been decelerating due to volume pressures driven by challenging macroeconomic conditions. Although revenue growth was under pressure, its margins remained robust. For FY2023, it managed to report higher revenue growth year-over-year compared to 2022. At the same time, margins remained robust and healthy year-over-year. Looking ahead, its residential and non-residential outlook is modest. On a brighter note, management has been executing on its material-led strategy, and they are moving towards the higher-marg
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SUM
News
- Summit Materials, Inc. (NYSE: SUM) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Summit Materials, Inc. (NYSE: SUM) had its price target raised by analysts at Stephens from $47.00 to $50.00. They now have an "overweight" rating on the stock.MarketBeat
- Summit Materials, Inc. (NYSE:SUM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Summit Materials, Inc. (NYSE: SUM) had its price target raised by analysts at Royal Bank of Canada from $44.00 to $46.00. They now have a "sector perform" rating on the stock.MarketBeat
- Summit Materials (SUM) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
SUM
Earnings
- 5/1/24 - Beat
SUM
Sec Filings
- 5/6/24 - Form DEFA14A
- 5/6/24 - Form DEFA14A
- 5/1/24 - Form 8-K
- SUM's page on the SEC website