Summit Materials (SUM) Misses Q2 EPS by 1c

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Go back to Summit Materials (SUM) Misses Q2 EPS by 1c

Summit Materials Announces Second Quarter 2016 Results

August 3, 2016 6:00 AM EDT

DENVER--(BUSINESS WIRE)-- Summit Materials, Inc. (NYSE:SUM, Summit or the Company), a leading vertically integrated construction materials company, announces results for the second quarter of 2016. The Company has posted supplementary materials to its investor relations website.

Highlights Second Quarter 2016 Compared to Second Quarter 2015:

Aggregates volume and price increased 10.9% and 9.5%, respectively; organic price up 6.7% Cement volume and price increased 114.7% and 10.7%, respectively Net income grew to $21.5 million Basic EPS of $0.22; Adjusted EPS improved to $0.46 Adjusted EBITDA grew to $114.7 million and... More