Summit Materials is a leading vertically integrated materials-based company that supplies aggregates, cement, ready-mix concrete and asphalt in the United States and British Columbia, Canada. Summit is a geographically diverse, materials-based business of scale that offers customers a single-source provider of construction materials and related downstream products in the public infrastructure, residential and non-residential end markets. Summit has a strong track record of successful acquisitions since its founding and continues to pursue growth opportunities in new and existing markets. For more information about Summit Materials, please visit www.summit-materials.com.
![Summit Materials logo](/files/LOGO/1571371-SUM.png)
Company profile
Website
CEO
Anne P. Noonan
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Alan Ritchey Materials Company • Alleyton Resource Company, LLC • Alleyton Services Company, LLC • American Materials Company, LLC • Argos North America Corp. • Argos USA LLC • Arizona Materials, L.L.C. • Arizona Materials Leasing, L.L.C. • Asphalt Materials, LLC • Austin Materials, LLC ...
Latest filings (excl ownership)
15-15D
Suspension of duty to report
11 Jun 24
10-Q
2024 Q1
Quarterly report
2 May 24
10-K
2023 FY
Annual report
15 Feb 24
8-K/A
Independent Auditors’ Report
12 Feb 24
8-K
Summit Materials Completes Combination with Argos USA
12 Jan 24
8-K
Summit Materials Shareholders Approve Combination with Argos USA
11 Jan 24
8-K
Other Events
28 Dec 23
8-K
Entry into a Material Definitive Agreement
14 Dec 23
8-K
Other Events
1 Dec 23
8-K
Summit Materials Announces intention to offer $800 million of senior notes
27 Nov 23
Transcripts
Earnings call transcript
2022 Q2
7 Aug 22
Earnings call transcript
2022 Q1
7 May 22
Earnings call transcript
2021 Q4
24 Feb 22
Earnings call transcript
2021 Q3
6 Nov 21
Earnings call transcript
2020 Q2
22 Jul 20
Earnings call transcript
2020 Q1
1 May 20
Earnings call transcript
2019 Q4
5 Feb 20
Earnings call transcript
2019 Q3
31 Oct 19
Earnings call transcript
2019 Q2
4 Aug 19
Earnings call transcript
2019 Q1
8 May 19
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Jan 22 | Jan 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 498.11 mm | 498.11 mm | 498.11 mm | 498.11 mm | 498.11 mm | 498.11 mm |
Cash burn (monthly) | 225.35 mm | (no burn) | 26.11 mm | (no burn) | 13.42 mm | (no burn) |
Cash used (since last report) | 878.80 mm | n/a | 101.83 mm | n/a | 52.31 mm | n/a |
Cash remaining | -380.69 mm | n/a | 396.28 mm | n/a | 445.80 mm | n/a |
Runway (months of cash) | -1.7 | n/a | 15.2 | n/a | 33.2 | n/a |
Institutional ownership, Q1 2024
98.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 296 |
Opened positions | 110 |
Closed positions | 35 |
Increased positions | 75 |
Reduced positions | 69 |
13F shares | Current |
---|---|
Total value | 4.75 tn |
Total shares | 172.77 mm |
Total puts | 269.50 k |
Total calls | 120.50 k |
Total put/call ratio | 2.2 |
Largest owners | Shares | Value |
---|---|---|
Argos SEM | 54.72 mm | $1.93 bn |
Vanguard | 12.24 mm | $545.56 bn |
BLK Blackrock | 10.02 mm | $446.45 bn |
T. Rowe Price | 8.84 mm | $393.87 mm |
Massachusetts Financial Services | 6.76 mm | $301.37 bn |
PFG Principal Financial Group Inc - Registered Shares | 5.32 mm | $237.29 bn |
MCQEF Macquarie | 5.18 mm | $231.07 bn |
Dimensional Fund Advisors | 4.87 mm | $216.96 bn |
IVZ Invesco | 4.44 mm | $197.82 bn |
Victory Capital Management | 3.44 mm | $153.17 bn |