Concrete-AI, a data science company, announced it has raised $2 million in a seed financing round with participation by the Grantham Foundation for the Protection of the Environment, a prominent family office and other marquee investors. This financing will accelerate the rollout of Concrete-AI’s pioneering data science platform that uses artificial intelligence (AI) and machine learning (ML) to optimize supply chains…
Read MoreTag: Summit Materials
Summit Aggregates Revenues Rise
Summit Materials Inc. announced results for the third quarter 2021. For the three months ended Oct. 2, the company reported net income attributable to Summit Inc. of $74.2 million, or $0.63 per basic share, compared to net income attributable to Summit Inc. of $90.7 million, or $0.79 per basic share in the comparable prior year period.
Read MoreSummit Materials: West Versus East
August 5, 2021 – Summit Materials Inc. released its second-quarter report, revealing aggregates sales volumes increased 14.7% in the second quarter of 2021 when compared to the prior year period on organic growth in both its West and East segments.
Read MoreSummit Materials Reports Increased Aggregates Sales Volume
Summit Materials Inc. achieved net income attributable to Summit Inc. of $56.7 million, or $0.48 per basic share in the second quarter 2021 compared to net income attributable to Summit Inc. of $57.1 million, or $0.50 per basic share in the comparable prior year period.
Read MoreOates-Forney Joins Summit Materials’ Board
Summit Materials Inc. announced that its board of directors has appointed Tamla Oates-Forney as a new independent director and member of the board’s Human Capital and Compensation Committee. With the appointment of Oates-Forney, Summit’s board now comprises nine members.
Read MoreSummit Materials Aggregates Volumes Rise 20.7%
Summit Materials Inc. announced results for the first quarter 2021, reporting that net revenue increased $56.1 million, or 16.4% in the first quarter of 2021 to $398.5 million, compared to $342.4 million in the first quarter of 2020, on higher aggregates, ready-mix concrete, cement, asphalt and paving revenue relative to a year ago on strong demand in most markets.
Read MoreSummit Materials Names Three to Senior Leadership Positions
Summit Materials Inc. named three senior leadership positions it said are poised to drive the strategic agenda of CEO Anne Noonan.
Read MoreSummit by Region
Feb. 26, 2021 – Summit Materials, in its quarterly report, detailed the performance of its past quarter and year, by region. The West Segment reported operating income of $176.5 million in 2020, compared to $109.2 million in 2019, due to higher revenue from all lines of business. Aggregates revenue in 2020 increased 15.9% over 2019, partly as a result of a 4.4% increase in…
Read MoreSummit Materials Delivers Strong Finish to 2020
Summit Materials Inc. announced results for the fourth quarter and full year 2020. For the three months ended Jan. 2, 2021, the company reported net income attributable to Summit Inc. of $35.2 million, or $0.31 per basic share, compared to net income attributable to Summit Inc. of $35.7 million, or $0.32 per basic share in the comparable prior-year period.
Read MoreFIRST LOOK – DECEMBER 2020
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