Summit Materials (SUM) Misses Q2 EPS by 33c, Sales Miss
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Summit Materials Announces Second Quarter 2015 Results
August 3, 2015 4:01 PM EDTDENVER--(BUSINESS WIRE)-- Summit Materials, Inc. (NYSE: SUM) (Summit or the Company), a leading vertically integrated construction materials company, today announced results for the second quarter ended June 27, 2015.
Second Quarter 2015 Highlights Compared to Second Quarter 2014:
Net revenue increased 12.5% to $329.0 million. Net income approximately break-even, compared to $14.2 million Further Adjusted EBITDA grew 28.4% to $78.1 million. Operating income improved 24.7% to $42.3 million. Gross profit increased 25.1% to $115.8 million. Aggregates, cement, ready-mixed concrete and asphalt volumes grew 33.1%, 0.7%, 17.5% and 7.0%, respectively.... More