Summit Materials, Inc. Reports First Quarter 2020 Results

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Go back to Summit Materials, Inc. Reports First Quarter 2020 Results

Summit Materials (SUM) Misses Q1 EPS by 1c, Revenues Beat; Withdraws FY20 Adj. EBITDA Outlook

April 29, 2020 6:17 AM EDT

Summit Materials (NYSE: SUM) reported Q1 EPS of ($0.48), $0.01 worse than the analyst estimate of ($0.47). Revenue for the quarter came in at $342.4 million versus the consensus estimate of $326.24 million.

Tom Hill, CEO of Summit Materials, commented, "We experienced strong demand and favorable pricing conditions in our East and West regions throughout the first quarter, resulting in record Q1 net revenue. More... More