Summit Materials (SUM) Tops Q4 EPS by 18c

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Go back to Summit Materials (SUM) Tops Q4 EPS by 18c

Summit Materials, Inc. Reports Fourth Quarter And Full-Year 2017 Results

February 14, 2018 6:15 AM EST

-Full-Year Net Revenue +17.7% Y/Y; Operating Income +42.8% Y/Y; Net Income +172.7% Y/Y

-Generated Full-Year Organic Volume Growth Across Materials Lines of Business

-Completed Three New Acquisitions YTD 2018, Representing Total Invested Capital of $120 million

-Federal Tax Reform Reduces Estimated Tax Receivable Agreement Liability By $217 million

-No Significant TRA Payments Expected For Eight Years Until 2026 vs. Pre-Federal Tax Reform Estimate of 2020

-Introducing 2018 Adjusted EBITDA Guidance Range of $490 million to $510 million

DENVER--(BUSINESS WIRE)-- Summit... More