Summit Materials (SUM) Misses Q1 EPS by 1c, Revenues Beat; Withdraws FY20 Adj. EBITDA Outlook

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Go back to Summit Materials (SUM) Misses Q1 EPS by 1c, Revenues Beat; Withdraws FY20 Adj. EBITDA Outlook

Summit Materials, Inc. Reports First Quarter 2020 Results

April 29, 2020 6:00 AM EDT

- Record Net Revenue increased 11.9% to $342.4 million

-Aggregates volumes increased 9.7%

- Adjusted EBITDA increased 149.1% to $16.4 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 first quarter 2020.

For the three months ended March 28, 2020, the Company reported net loss attributable to Summit Inc. of $(45.0) million, or $(0.40) per basic share, compared to net loss attributable to Summit Inc. of $(68.8) million, or $(0.62) per basic share in the comparable prior year period.... More