Summit Materials (SUM) Misses Q2 EPS by 8c, Beats on Revenues; Raises FY17 Adj. EBITDA

Summit Materials (NYSE: SUM) reported Q2 EPS of $0.46, $0.08 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $524.1 million versus the consensus estimate of $476.28 million.

2017 Financial Guidance & Outlook

The Company is raising its full-year 2017 Adjusted EBITDA guidance from a range of $430.0 million to $445.0 million to a range of $440 million to $455 million. The upwardly revised Adjusted EBITDA outlook assumes the partial-year impact of the four acquisitions completed since May 2017. No additional potential acquisitions are included within the Company’s full-year 2017 Adjusted EBITDA guidance. Including the impact of the ten acquisitions completed on a year-to-date basis, the Company is reiterating its gross capital expenditure guidance of $140 million to $160 million for the full-year 2017.

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

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