Summit Materials, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 08:15 pm
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Summit Materials, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 794.8 million compared to USD 752.75 million a year ago. Net income was USD 230.05 million compared to USD 86.49 million a year ago. Basic earnings per share from continuing operations was USD 1.93 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 1.92 compared to USD 0.72 a year ago.
For the nine months, revenue was USD 1,959.34 million compared to USD 1,860.25 million a year ago. Net income was USD 282.88 million compared to USD 242.31 million a year ago. Basic earnings per share from continuing operations was USD 2.38 compared to USD 2.01 a year ago. Diluted earnings per share from continuing operations was USD 2.37 compared to USD 2 a year ago.
Summit Materials, Inc. is a producer of aggregates and cement with vertically integrated operations that supply ready-mix concrete and asphalt in select markets. The Companyâs West segment consists of its West and South regions, and includes operations in Texas, Utah, Arizona, Colorado, Idaho, Wyoming, Oklahoma, Arkansas and British Columbia, Canada. The West segment supplies aggregates, ready-mix concrete, asphalt paving mix and paving and related services. Its East segment consists of its East and Central regions and serves markets extending across the Midwestern and Eastern United States, notably in Kansas, Missouri, Virginia, Florida, North Carolina, South Carolina, Georgia, and Nebraska where it supplies aggregates, ready-mix concrete, asphalt paving mix and paving and related services. Its Cement segment consists of its Hannibal, Missouri and Davenport, Iowa cement plants and nine distribution terminals along the Mississippi River from Minnesota to Louisiana.
SUMMIT MATERIALS, INC. 
