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Summit Materials Inc (SUM.N)

SUM.N on New York Stock Exchange

32.65USD
16 Feb 2018
Change (% chg)

$0.19 (+0.59%)
Prev Close
$32.46
Open
$32.27
Day's High
$33.30
Day's Low
$32.13
Volume
382,886
Avg. Vol
294,139
52-wk High
$34.05
52-wk Low
$21.88

Latest Key Developments (Source: Significant Developments)

Summit Materials Q4 Earnings Per Share $0.38
Wednesday, 14 Feb 2018 06:15am EST 

Feb 14 (Reuters) - Summit Materials Inc ::SUMMIT MATERIALS, INC. REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE $0.38.Q4 REVENUE ROSE 13.7 PERCENT TO $440.6 MILLION.Q4 ADJUSTED EARNINGS PER SHARE $0.43.INTRODUCING 2018 ADJUSTED EBITDA GUIDANCE RANGE OF $490 MILLION TO $510 MILLION.SEES 2018 CAPITAL EXPENDITURE IN A RANGE OF $210 MILLION TO $225 MILLION.NO SIGNIFICANT TRA PAYMENTS EXPECTED FOR EIGHT YEARS UNTIL 2026 VERSUS. PRE-FEDERAL TAX REFORM ESTIMATE OF 2020.Q4 REVENUE VIEW $445.8 MILLION -- THOMSON REUTERS I/B/E/S.SUMMIT MATERIALS - ESTIMATES TRA LIABILITY HAS BEEN REDUCED BY $217 MILLION FROM APPROXIMATELY $549 MILLION BEFORE TAX REFORM TO $332 MILLION POST TAX REFORM.  Full Article

Jennison Associates Reports A 5.3 Percent Passive Stake In Summit Materials
Tuesday, 6 Feb 2018 10:33am EST 

Feb 6 (Reuters) - JENNISON ASSOCIATES LLC ::JENNISON ASSOCIATES LLC REPORTS A 5.3 PERCENT PASSIVE STAKE IN SUMMIT MATERIALS, INC. AS OF DEC 31, 2017 - SEC FILING.  Full Article

Summit Materials Declares Special Stock Dividend
Tuesday, 28 Nov 2017 04:25pm EST 

Nov 28 (Reuters) - Summit Materials Inc ::SUMMIT MATERIALS DECLARES SPECIAL STOCK DIVIDEND.SUMMIT MATERIALS - ‍DECLARED SPECIAL DIVIDEND OF 0.014 SHARES OF CO'S CLASS A STOCK, PAR VALUE $0.01/ SHARE FOR EACH OUTSTANDING SHARE OF CLASS A STOCK​.  Full Article

Summit Materials reports Q3 earnings per share of $0.72
Monday, 30 Oct 2017 06:15am EDT 

Oct 30 (Reuters) - Summit Materials Inc :Summit Materials Inc reports third quarter 2017 results.Q3 earnings per share $0.72.Q3 earnings per share view $0.83 -- Thomson Reuters I/B/E/S.Q3 adjusted earnings per share $0.73.Q3 revenue $574.4 million versus I/B/E/S view $568.8 million.Summit Materials Inc - ‍lowering FY17 adjusted EBITDA guidance to a range of $425 million to $435 million due to hurricanes Harvey & Irma​.Summit Materials Inc - ‍is raising full-year 2017 capital spending guidance to a range of $180 million to $190 million​.  Full Article

Summit Materials says CEO Thomas Hill will be appointed interim chief operating officer
Tuesday, 3 Oct 2017 04:15pm EDT 

Oct 3 (Reuters) - Summit Materials Inc :Summit Materials Inc says CEO Thomas W. Hill will be appointed interim chief operating officer, effective December 30, 2017 - SEC filing.  Full Article

Summit Materials Q2 adjusted earnings per share $0.48
Wednesday, 2 Aug 2017 06:15am EDT 

Aug 2 (Reuters) - Summit Materials Inc :Summit Materials, Inc. Reports second quarter 2017 results.Q2 revenue $478.4 million versus i/b/e/s view $475.4 million.Q2 adjusted earnings per share $0.48.Q2 earnings per share view $0.54 -- Thomson Reuters I/B/E/S.Summit Materials Inc - raising full-year 2017 adjusted ebitda guidance to a range of $440 million to $455 million.Summit Materials Inc says reiterating its gross capital expenditure guidance of $140 million to $160 million for full-year 2017.  Full Article

Summit Materials announces intention to offer $300 mln of senior notes
Wednesday, 24 May 2017 09:00am EDT 

May 24 (Reuters) - Summit Materials Inc -:Summit Materials announces intention to offer $300 million of senior notes.Summit Materials Inc says intends to use proceeds from offering to fund acquisitions.Summit Materials Inc says cos units intend to offer $300 million aggregate principal amount of senior notes due 2025.  Full Article

Summit Materials Q1 adjusted loss per share $0.50
Wednesday, 3 May 2017 06:00am EDT 

May 3 (Reuters) - Summit Materials Inc :Summit materials, inc. Reports first quarter 2017 results.Q1 revenue $259 million versus i/b/e/s view $233 million.Q1 adjusted loss per share $0.50.Q1 earnings per share view $-0.50 -- Thomson Reuters I/B/E/S.Summit materials inc- raising full-year 2017 adjusted ebitda guidance to a range of $430 million to $445 million.Raising full-year 2017 adjusted ebitda guidance to a range of $430 million to $445 million.Summit materials inc- company is raising its gross capital expenditure guidance by $5 million to a range of $140 million to $160 million for full-year 2017.Q1 earnings per share view $-0.50, revenue view $233.0 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $1.29, revenue view $1.68 billion -- Thomson Reuters I/B/E/S.  Full Article

Summit Materials reports Q4 adjusted earnings of $0.21/shr
Wednesday, 22 Feb 2017 06:00am EST 

Summit Materials Inc : Summit Materials Inc. reports fourth quarter and full-year 2016 results . Q4 adjusted earnings per share $0.21 . Q4 earnings per share view $0.25 -- Thomson Reuters I/B/E/S . Says net revenue increased by 7.7 percent year-over-year to $387.4 million in Q4 2016, versus $359.5 million in prior year period . Says for full year 2017, company anticipates gross capital expenditures to be in range $135.0 million to $155.0 million . Summit Materials Inc - "Longer-term, company expects gross capital expenditures to approximate 7-8 percent of net revenue per annum" .Says company anticipates adjusted EBITDA in range of $410.0 million to $425.0 million for full-year 2017.  Full Article

Summit Materials declared special stock dividend of 0.012 shares of company's class A common stock, par value $0.01 per share
Friday, 2 Dec 2016 04:15pm EST 

Summit Materials Inc : Summit materials declares special stock dividend .Summit materials inc - declared a special stock dividend of 0.012 shares of company's class a common stock, par value $0.01 per share.  Full Article

BRIEF-Summit Materials Q4 Earnings Per Share $0.38

* SUMMIT MATERIALS, INC. REPORTS FOURTH QUARTER AND FULL-YEAR 2017 RESULTS