Summit Materials Inc. announced the publication of its 2021 Environmental, Social and Governance Report and its inaugural Diversity, Equity and Inclusion Report. These reports provide an update on the company’s progress toward its environmental, social and governance initiatives and outline its updated long-term goals. CEO of Summit Materials, Anne Noonan, commented, “Our three North Star Pillars of Human/Social Impact, Land…
Read MoreTag: Summit Materials
Summit Materials Announces Executive Changes
Summit Materials Inc. announced two executive changes effective March 1. Tom Beck will become executive vice president, Summit Materials; and David Loomes will assume the role of Continental Cement Co. (CCC) president and senior vice president of Summit Materials, as part of the company’s planned and proactive leadership succession.
Read MoreSummit Sets Record for Revenues, Income in 2021
Summit Materials Inc. announced results for the fourth quarter and full year ended Jan. 1. Net revenue was down in the fourth quarter but higher for the full year 2021.
Read MoreConcrete-AI Seeks Reduction of Cost, Carbon Footprint of Concrete
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 MoreSummit 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 More