Summit Materials (SUM) Tops Q4 EPS by 50c, Revenues Beat

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Go back to Summit Materials (SUM) Tops Q4 EPS by 50c, Revenues Beat

Summit Materials, Inc. Reports Fourth Quarter and Full Year 2019 Results

February 5, 2020 6:00 AM EST

- Annual operating income increased 31.4% to $213.6 million

-Annual net income attributable to Summit Inc. increased 74.2% to $59.1 million

-Aggregates volumes increased 13.3%

- Adjusted EBITDA increased 13.6% to $461.5 million

DENVER--(BUSINESS WIRE)-- Summit Materials, Inc. (NYSE: SUM, Summit, "Summit Inc." or the Company), a leading vertically integrated construction materials company, today announced results for the fourth quarter and full year 2019.

For the three months ended December 28, 2019, the Company reported net income attributable to Summit Inc. of $35.7 million, or $0.32 per basic share, compared... More