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.
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Summit 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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Read MoreSummit Aggregates Segment Hangs Tough
Oct. 28, 2020 – Summit Materials reported that net revenue increased $38.5 million to $1,562.9 million in the nine months ended Sept. 26, primarily resulting from organic growth in aggregates and ready-mix concrete. Aggregates sales volumes increased 3.1% in the third quarter 2020 when compared to the prior-year period on higher volumes in Texas, partially offset by lower volumes in Missouri, Kentucky and British Columbia. Average…
Read MoreSummit Materials Reports Mixed Results for Third Quarter
Summit Materials Inc. announced results for the third quarter of 2020. For the three months ended Sept. 26, the company reported net income attributable to Summit Inc. of $90.7 million, or $0.79 per basic share, compared to net income attributable to Summit Inc. of $55.8 million, or $0.50 per basic share in the comparable prior-year period. Summit reported adjusted diluted net income…
Read MoreFIRST LOOK – AUGUST 2020
TOP NEWS Pioneer Adds Four Quarries Pioneer Landscape Centers, which has been serving residential and commercial customers in the western United States since 1968, added four new quarries to its operations. Summit Climbs to Record Quarter Summit Materials Inc. announced record results for the second quarter 2020. For the three months ended June 27, the company reported net income attributable to Summit…
Read MoreBig News from Summit
July 22, 2020 – With the economic impact of COVID-19 taking its toll nationwide, many people wondered what the publicly traded aggregates companies would report for the second quarter. We have the first report, from Summit Materials, and it is a good one. For the three months ended June 27, organic sales volumes increased 2.6% in aggregates. Aggregates net revenues increased by $1.3 million to $130.0…
Read MoreSummit’s Hill to Step Down; Noonan Named President
Summit Materials Inc. announced that Thomas W. Hill plans to step down from his role as president and chief executive officer and as a member of the board, effective Sept. 1. At that time, Anne Noonan will be appointed president and chief executive officer and as a member of the board. Hill will serve as a senior advisor through the end of…
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