Summit Materials, Inc. Reports Second Quarter 2020 Results
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Summit Materials (SUM) Tops Q2 EPS by 26c, Revenues Beat
July 21, 2020 4:24 PM EDTSummit Materials (NYSE: SUM) reported Q2 EPS of $0.50, $0.26 better than the analyst estimate of $0.24. Revenue for the quarter came in at $575.2 million versus the consensus estimate of $544.73 million.
Tom Hill, CEO of Summit Materials, commented, "Despite economic uncertainty, Summit experienced resilient demand and favorable weather conditions, particularly in Utah and Kansas, which led to record 2Q net revenue, net income, and adjusted EBITDA. While our average selling price for aggregates declined relative to the second quarter of... More
