Summit Materials (SUM) Posts Narrower than Expected Q1 Loss
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/3/2026
- Wall Street ends higher as Amazon soothes AI jitters
- Fed's Williams says rate hikes possible if inflation persists
- Goldman Sachs warns on Fed communication strategy risks
- Santa Rally window opens in 3 months: small-caps and tech lead the way
- Amazon shares rally as cloud growth surges and spending outlook climbs
- Morgan Stanley Downgrades Circle Internet Group (CRCL) to Underweight
- Myanmar's detained former leader Aung San Suu Kyi meets Red Cross official
- T1 Energy signs 641MW solar module deal with Clearway Energy Group
- Curium to acquire Lantheus in deal valued at up to $8 billion
- Supernus and Indivior agree to all-stock merger of equals
- After-Hours Stock Movers: AAPL, AMZN, COIN, RBLX, RDDT, AXTI, FND, WU, GDDY
- After-Hours Stock Movers: META, MSFT, CMG, SBUX, CVNA, LRCX, FTNT, QCOM, TDOC
- After-Hours Stock Movers: F, BE, STX, WDC, KLAC, SWKS, NXPI, CSGP, ENPH
- After-Hours Stock Movers: FFIV, CDNS, APLD, RMBS, ESI, SANM
- After-Hours Stock Movers: INTC, AMD, ARM, MXL, EW, DECK
Summit Materials Announces First Quarter 2015 Results
May 5, 2015 6:00 AM EDTDENVER--(BUSINESS WIRE)-- Summit Materials, Inc. (NYSE: SUM)(Summit or the Company), a leading vertically integrated construction materials company, today announced results for the first quarter ended March 28, 2015.
First Quarter 2015 Highlights Compared to First Quarter 2014:
Net revenue grew 28.8% to $175.1 million.
Operating loss of $59.0 million, compared to $35.0 million, due to initial public offering costs.
Adjusted EBITDA improved to a $5.0 million deficit, compared to a $15.5 million deficit.
Gross profit increased 59.3% to $35.7 million.
Aggregates, cement and ready-mixed concrete volumes grew 67.4%, 39.3% and 52.0%, respectively.
Aggregates, cement, ready-mixed concrete and asphalt organic pricing improved 4.5%, 10.7%, 6.3% and 17.5%, respectively.
... More
