Summit Materials, Inc. Reports Second Quarter 2019 Results
Last summit materials, inc earnings: 8/1 06:15 am
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US:NYSE Investor Relations: investors.summit-materials.com/news
- Operating income increased 4.1% in Second Quarter 2019- Organic aggregates volumes increased 4.4%- Organic aggregates price increased 8.0%- Reaffirmed 2019 Adjusted EBITDA Guidance Range For Full-Year 2019 at $430 - $470 million DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE: SUM, “Summit” or the “Company”), a leading vertically integrated construction materials company, today announced results for the second quarter 2019.For the three months ended June 29, 2019, the Company reported net income attributable to Summit Inc. of $36.4 million, or $0.32 per basic share, compared to net income attributable to Summit Inc. of $35.5 million, or $0.32 per basic share in the comparable prior year period. Summit reported adjusted diluted net income of $36.0 million, or $0.31 per adjusted diluted share as compared to adjusted diluted net income of $37.1 million, or $0.32 per adjusted diluted share in the prior year period.Summit's net revenue increased 0.6% in the second quarter of 201
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News
- Summit Materials Inc (NYSE: SUM) was given a new $28.00 price target on by analysts at Stifel Nicolaus. They now have a "buy" rating on the stock.MarketBeat
- Summit Materials Inc (NYSE: SUM) was downgraded by analysts at Zacks Investment Research from a "buy" rating to a "hold" rating.MarketBeat
- Summit Materials Inc (NYSE: SUM) is now covered by analysts at Exane BNP Paribas. They set an "outperform" rating on the stock.MarketBeat
- Summit Materials Inc (NYSE: SUM) is now covered by analysts at BNP Paribas. They set an "outperform" rating on the stock.MarketBeat
- Summit Materials Inc (NYSE: SUM) was upgraded by analysts at Zacks Investment Research from a "hold" rating to a "buy" rating. They now have a $25.00 price target on the stock.MarketBeat
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SUM
SEC Filings
- 10/11/19 - Form SC
- 9/24/19 - Form 8-K
- 8/13/19 - Form 4
- SUM's page on the SEC website
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