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.
Company profile
Ticker
SUM
Exchange
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 • Asphalt Materials, LLC • Austin Materials, LLC • B&B Resources, Inc. • Boxley Materials Company • Buckingham Slate Company, LLC • Buckingham Slate #1, LLC ...
SUM stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
25 May 23
10-Q
2023 Q1
Quarterly report
4 May 23
8-K
Summit Materials, Inc. Reports First Quarter 2023 Results
3 May 23
ARS
2022 FY
Annual report to shareholders
10 Apr 23
DEFA14A
Additional proxy soliciting materials
10 Apr 23
DEF 14A
Definitive proxy
10 Apr 23
8-K
Summit Materials Announces Scott Anderson as New Chief Financial Officer
1 Mar 23
10-K
2022 FY
Annual report
16 Feb 23
8-K
Summit Materials, Inc. Reports Fourth Quarter and Full Year 2022 Results
15 Feb 23
8-K
Entry into a Material Definitive Agreement
10 Jan 23
Transcripts
SUM
Earnings call transcript
2023 Q1
4 May 23
SUM
Earnings call transcript
2022 Q4
16 Feb 23
SUM
Earnings call transcript
2022 Q3
3 Nov 22
SUM
Earnings call transcript
2021 Q2
8 Aug 21
SUM
Earnings call transcript
2021 Q1
11 May 21
SUM
Earnings call transcript
2020 Q4
24 Feb 21
SUM
Earnings call transcript
2020 Q3
28 Oct 20
Latest ownership filings
SC 13G/A
VANGUARD GROUP INC
10 Apr 23
4
Craig Scott Anderson
2 Mar 23
3
Craig Scott Anderson
2 Mar 23
4
Karli S. Anderson
1 Mar 23
4
Christopher Burke Gaskill
1 Mar 23
4
Brian James Harris
1 Mar 23
4
Anne P Noonan
1 Mar 23
4
Tamla Oates-Forney
1 Mar 23
4
Anne K. Wade
1 Mar 23
4
JOSEPH S CANTIE
1 Mar 23
Financial summary
| Quarter (USD) | Apr 23 | Dec 22 | Oct 22 | Jul 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Jan 22 | Jan 21 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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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) | 379.46 mm | 379.46 mm | 379.46 mm | 379.46 mm | 379.46 mm | 379.46 mm |
| Cash burn (monthly) | 47.00 mm | (no burn) | 12.56 mm | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 101.07 mm | n/a | 27.01 mm | n/a | n/a | n/a |
| Cash remaining | 278.39 mm | n/a | 352.45 mm | n/a | n/a | n/a |
| Runway (months of cash) | 5.9 | n/a | 28.1 | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mar 23 | Craig Scott Anderson | RSU Class A Common Stock | Grant | Acquire A | No | No | 0 | 11,213 | 0.00 | 11,213 |
| 28 Feb 23 | Anderson Karli S. | Class A Common Stock | Payment of exercise | Dispose F | No | No | 29.54 | 3,169 | 93.61 k | 18,407 |
| 28 Feb 23 | Anderson Karli S. | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 2,409 | 0.00 | 21,576 |
| 28 Feb 23 | Anderson Karli S. | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 2,369 | 0.00 | 19,167 |
| 28 Feb 23 | Anderson Karli S. | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 2,201 | 0.00 | 16,798 |
| 28 Feb 23 | Anderson Karli S. | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 2,409 | 0.00 | 4,818 |
| 28 Feb 23 | Anderson Karli S. | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 2,369 | 0.00 | 2,369 |
| 28 Feb 23 | Anderson Karli S. | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 2,201 | 0.00 | 0 |
| 28 Feb 23 | Christopher Burke Gaskill | Class A Common Stock | Payment of exercise | Dispose F | No | No | 29.54 | 3,823 | 112.93 k | 25,715 |
| 28 Feb 23 | Christopher Burke Gaskill | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 2,697 | 0.00 | 29,538 |
News
Citigroup Maintains Buy on Summit Materials, Raises Price Target to $35
8 May 23
Stephens & Co. Reiterates Overweight on Summit Materials, Maintains $36 Price Target
8 May 23
RBC Capital Maintains Outperform on Summit Materials, Raises Price Target to $36
5 May 23
4 Analysts Have This to Say About Summit Materials
5 May 23
Goldman Sachs Maintains Neutral on Summit Materials, Raises Price Target to $36
5 May 23
Press releases
Summit Materials, Inc. Reports First Quarter 2023 Results
3 May 23
Summit Materials Announces First Quarter 2023 Results Conference Call Date
13 Apr 23
Summit and Continental Cement Invests in North America's Largest Cement Storage Dome in Davenport, Iowa
23 Mar 23
Summit Materials Continental Cement Company Announces Ribbon Cutting Event for its New Cement Storage Facility
14 Mar 23