Former Summit Exec Hill Joins Knife River Board

Knife River Corp. announced today that Thomas W. Hill has been elected by Knife River’s stockholders at the 2024 annual meeting of stockholders to serve on its board of directors. Hill brings deep construction materials knowledge and decades of corporate leadership experience to the Knife River board. He previously served on the boards for CRH plc and Summit Materials Inc., and…

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Summit Materials Revenues Up; Aggregates Volume Down

Summit Materials Inc. announced results for the second quarter ended July 1, reporting net revenue of $680.4 billion versus $631.9 billion in the second quarter of 2022, a 7.7% increase. Operating income increased $18.4 million, or 16.5% in the second quarter to $129.6 million, driven by a combination of increases in average sales price that more than offset inflationary increases in cost…

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Summit Materials First Quarter Revenues Rise 3.8%

Summit Materials Inc. announced results for the first quarter ended April 1, reporting net revenue of $407.3 million, versus $392.5 million in the first quarter of 2022, a 3.8% increase.  Aggregates Segment net revenues increased by $20.3 million to $143.7 million in the first quarter. Aggregates adjusted cash gross profit margin decreased to 35.0% in the first quarter as compared to 36.3%…

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Summit Materials 2022 Aggregates, Cement Revenues Spike Higher

Summit Materials Inc. announced results for the fourth quarter and full year ended Dec. 31, 2022. All comparisons are versus the quarter ended Jan. 1, 2022 unless noted otherwise. Net revenue decreased $41.8 million, or 7.5% in the fourth quarter to $511.7 million, as increases in average sales prices across all lines of business were more than offset by lower…

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