Summit Materials (SUM) Tops Q1 EPS by 5c

Summit Materials (NYSE: SUM) reported Q1 EPS of ($0.55), $0.05 better than the analyst estimate of ($0.60). Revenue for the quarter came in at $289.9 million versus the consensus estimate of $301.91 million.

Financial Outlook

For the full-year 2018, the Company has increased its Adjusted EBITDA guidance from a range of $490 million to $510 million to a range of $495 million to $515 million, including acquisition-related contributions from four transactions that closed since the Company’s last update in February 2018. No additional potential acquisitions are included within the Company’s full-year 2018 Adjusted EBITDA guidance. For the full-year 2018, the Company has reiterated its capital expenditure guidance from a range of $210 million to $225 million.

For earnings history and earnings-related data on Summit Materials (SUM) click here.

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