Summit Materials (SUM) Tops Q3 EPS by 6c; offers guidance

Summit Materials (NYSE: SUM) reported Q3 EPS of $0.75, $0.06 better than the analyst estimate of $0.69. Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.17 billion.

GUIDANCE

2024 Guidance

For the full year 2024, Summit is refining its Adjusted EBITDA guidance to incorporate performance over the first nine months, including the impact of unfavorable weather conditions. The Company is now projecting Adjusted EBITDA of approximately $970 million to $1 billion. Summit also currently projects 2024 capital expenditures of approximately $390 million to $410 million.

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

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