Summit Materials Announces Second Quarter 2015 Results
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August 3, 2015 4:49 PM EDT
ummit Materials, Inc. (NYSE: SUM) announced the launch of an offering of 17,500,000 shares of its Class A common stock. Summit expects to grant the underwriters a 30-day option to purchase up to an additional 2,625,000 shares of Class A common... More
August 3, 2015 4:47 PM EDT
Summit Materials (NYSE: SUM) reported Q2 EPS of ($0.01), $0.33 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $329 million versus the consensus estimate of $371.64 million.
Tom Hill, the President and CEO of Summit, stated, During the second quarter we produced significant growth in net revenues and margins across all of our lines of business. This strong improvement reflects the steady demand improvement in all... More
