Summit Materials Inc
NYSE:SUM

  • LAST PRICE
    47.4100
  • TODAY'S CHANGE (%)
    0.9900 (2.1327%)
  • Bid / Lots
    44.8900/ 3
  • Ask / Lots
    75.9100/ 1
  • Open / Previous Close
    47.5800 / 46.4200
  • Day Range
    46.6900
    48.1700
  • 52 Week Range
    32.3200
    48.1700
  • Volume
    2,319,625

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  • Yesterday

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    • 4:33PM ET on Wednesday Oct 30, 2024 by MT Newswires
      Companies Mentioned: SUM
      04:33 PM EDT, 10/30/2024 (MT Newswires) -- ...

    • 4:18PM ET on Wednesday Oct 30, 2024 by MT Newswires
      Companies Mentioned: SUM
      04:18 PM EDT, 10/30/2024 (MT Newswires) -- ...

    • 4:15PM ET on Wednesday Oct 30, 2024 by PR Newswire
      Companies Mentioned: SUM

      Pricing Momentum Continues

      Sets ELEVATE Summit Record for Quality of Earnings

      Refining 2024 Guidance

      Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading producer of aggregates and cement company, today announced results for the third quarter ended September 28, 2024. All comparisons are versus the quarter ended September 30, 2023 unless noted otherwise.

    • 4:15PM ET on Wednesday Oct 30, 2024 by Dow Jones
      Companies Mentioned: SUM
      common stock 175,588,180 118,928,799 172,848,097 118,780,523 LP Units outstanding -- 1,303,990 170,522 1,308,417 ----------- ------------ ----------- ----------- Total equity units 175,588,180 120,232,789 173,018,619 120,088,940 =========== ============ =========== =========== The following table reconciles operating income to Adjusted Cash Gross Profit and Adjusted Cash Gross Profit Margin for the three and nine months ended September 28, 2024 and September 30, 2023. Three months ended Nine months ended ---------------------- ---------------------- September September September September 28, 30, 28, 30, Reconciliation of Operating Income to Adjusted Cash Gross Profit 2024 2023 2024 2023 ---------- ---------- ---------- ---------- ($ in thousands) Operating income $ 194,651 $ 127,983 $ 322,694 $ 242,141 General and administrative expenses 78,916 50,895 231,317 150,731 Depreciation, depletion, amortization and accretion 99,159 57,452 299,527 163,133 Transaction and integration costs 13,656 17,442 86,129 19,518 Gain on sale of property, plant and equipment (3,555) (2,134) (7,583) (5,787) ---------- ---------- ---------- ---------- Adjusted Cash Gross Profit (exclusive of items shown separately) $ 382,827 $ 251,638 $ 932,084 $ 569,736 ========== ========== ========== ========== Adjusted Cash Gross Profit Margin (exclusive of items shown separately) (1) 34.4 % 33.9 % 31.5 % 31.1 % _______________________________________________________ (1) Adjusted Cash Gross Profit Margin is defined as Adjusted Cash Gross Profit as a percentage of net revenue. The following table reconciles net cash provided by operating activities to free cash flow for the three and nine months ended September 28, 2024 and September 30, 2023. Three months ended Nine months ended --------------------------- ---------------------------- September 28, September 30, September 28, September 30, ($ in thousands) 2024 2023 2024 2023 ------------ ------------- ------------- ------------- Net income $ 105,178 $ 232,725 $ 143,983 $ 286,241 Non-cash items 149,507 75,262 357,127 201,680 ------------ ------------- ------------- ------------- Net income adjusted for non-cash items 254,685 307,987 501,110 487,921 Change in working capital accounts (21,889) (158,405) (156,910) (244,297) ------------ ------------- ------------- ------------- Net cash provided by operating activities 232,796 149,582 344,200 243,624 Capital expenditures, net of asset sales (92,353) (51,289) (254,096) (172,422) ------------ ------------- ------------- ------------- Free cash flow $ 140,443 $ 98,293 $ 90,104 $ 71,202 ============ ============= ============= =============

    • 4:15PM ET on Wednesday Oct 30, 2024 by Dow Jones
      Companies Mentioned: SUM
      common stock 175,588,180 118,928,799 172,848,097 118,780,523 LP Units outstanding -- 1,303,990 170,522 1,308,417 ----------- ------------ ----------- ----------- Total equity units 175,588,180 120,232,789 173,018,619 120,088,940 =========== ============ =========== =========== The following table reconciles operating income to Adjusted Cash Gross Profit and Adjusted Cash Gross Profit Margin for the three and nine months ended September 28, 2024 and September 30, 2023. Three months ended Nine months ended ---------------------- ---------------------- September September September September 28, 30, 28, 30, Reconciliation of Operating Income to Adjusted Cash Gross Profit 2024 2023 2024 2023 ---------- ---------- ---------- ---------- ($ in thousands) Operating income $ 194,651 $ 127,983 $ 322,694 $ 242,141 General and administrative expenses 78,916 50,895 231,317 150,731 Depreciation, depletion, amortization and accretion 99,159 57,452 299,527 163,133 Transaction and integration costs 13,656 17,442 86,129 19,518 Gain on sale of property, plant and equipment (3,555) (2,134) (7,583) (5,787) ---------- ---------- ---------- ---------- Adjusted Cash Gross Profit (exclusive of items shown separately) $ 382,827 $ 251,638 $ 932,084 $ 569,736 ========== ========== ========== ========== Adjusted Cash Gross Profit Margin (exclusive of items shown separately) (1) 34.4 % 33.9 % 31.5 % 31.1 % _______________________________________________________ (1) Adjusted Cash Gross Profit Margin is defined as Adjusted Cash Gross Profit as a percentage of net revenue. The following table reconciles net cash provided by operating activities to free cash flow for the three and nine months ended September 28, 2024 and September 30, 2023. Three months ended Nine months ended --------------------------- ---------------------------- September 28, September 30, September 28, September 30, ($ in thousands) 2024 2023 2024 2023 ------------ ------------- ------------- ------------- Net income $ 105,178 $ 232,725 $ 143,983 $ 286,241 Non-cash items 149,507 75,262 357,127 201,680 ------------ ------------- ------------- ------------- Net income adjusted for non-cash items 254,685 307,987 501,110 487,921 Change in working capital accounts (21,889) (158,405) (156,910) (244,297) ------------ ------------- ------------- ------------- Net cash provided by operating activities 232,796 149,582 344,200 243,624 Capital expenditures, net of asset sales (92,353) (51,289) (254,096) (172,422) ------------ ------------- ------------- ------------- Free cash flow $ 140,443 $ 98,293 $ 90,104 $ 71,202 ============ ============= ============= =============

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