Summit Materials, Inc. Reports First Quarter 2019 Results

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Go back to Summit Materials, Inc. Reports First Quarter 2019 Results

Summit Materials (SUM) Tops Q1 EPS by 9c, Revenues Beat; Reaffirms FY19 adj. EBITDA Outlook

May 8, 2019 6:18 AM EDT

Summit Materials (NYSE: SUM) reported Q1 EPS of ($0.49), $0.09 better than the analyst estimate of ($0.58). Revenue for the quarter came in at $332.64 million versus the consensus estimate of $317.91 million. Net Revenue Growth of 5.5% in First Quarter 2019

Organic aggregates volumes increased 6.6%Organic aggregates price increased 6.3%Reaffirmed 2019 Adjusted EBITDA Guidance Range For The Full-Year 2019 at $430 - $470 million

Tom Hill, CEO of Summit Materials, stated, "We were very pleased to see our organic average sales prices... More