Summit Materials (SUM) Tops Q1 EPS by 9c; offers guidance

Summit Materials (NYSE: SUM) reported Q1 EPS of ($0.12), $0.09 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $773.23 million versus the consensus estimate of $804.29 million.

GUIDANCE

For the full year 2024, Summit is currently projecting Adjusted EBITDA of approximately $970 million to $1,010 million and capital expenditures of approximately $430 million to $470 million.

Adjusted EBITDA is a non-GAAP measure. Refer to the \"Non-GAAP Financial Measures\" section for more information. Because GAAP financial measures on a forward-looking basis are not accessible, and reconciling information is not available without unreasonable effort, we have not provided reconciliations for forward-looking non-GAAP measures. For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results.

For earnings history and earnings-related data on Summit Materials (SUM) click here.

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