Summit Materials, Inc. Reports First Quarter 2020 Results
Summit Materials, Inc. Class A (SUM)
Last summit materials, inc. class a earnings: 4/29 06:00 am
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Source: Business Wire
- Record Net Revenue increased 11.9% to $342.4 million-Aggregates volumes increased 9.7%- Adjusted EBITDA increased 149.1% to $16.4 million DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM, “Summit,” "Summit Inc." or the “Company”), a leading vertically integrated construction materials company, today announced results for the first quarter 2020.For the three months ended March 28, 2020, the Company reported net loss attributable to Summit Inc. of $(45.0) million, or $(0.40) per basic share, compared to net loss attributable to Summit Inc. of $(68.8) million, or $(0.62) per basic share in the comparable prior year period. Summit reported adjusted diluted net loss of $(56.3) million, or $(0.48) per adjusted diluted share as compared to adjusted diluted net income of $(56.9) million, or $(0.49) per adjusted diluted share in the prior year period.Summit's net revenue increased 11.9% in the first quarter of 2020 compared to the first quarter of 2019, as ready-mix and aggregat
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