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Summit Materials Inc - SUM STOCK NEWS

Welcome to our dedicated news page for Summit Materials (Ticker: SUM), a resource for investors and traders seeking the latest updates and insights on Summit Materials.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Summit Materials's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Summit Materials's position in the market.

News
Summit Materials Announces First Quarter 2024 Results Conference Call Date
Rhea-AI Summary
Summit Materials, Inc. (NYSE: SUM) has announced the date for its first quarter 2024 financial results conference call. The call is scheduled for May 2, 2024, to discuss the financial results, recent events, and conduct a Q&A session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.42%
Tags
earnings
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News
Summit Materials, Inc. Provides Update on Its Elevate Strategy
Rhea-AI Summary
Summit Materials, Inc. reiterates its Elevate Summit Strategy to reach financial goals, upgrades Argos Synergy target to at least $130 million, and eliminates Up-C corporate structure. The company focuses on strategic priorities, sustainability, integration, portfolio optimization, and growth-oriented capital allocation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
none
-
News
Summit Materials to Host Investor Day on March 13, 2024
Rhea-AI Summary
Summit Materials, Inc. (NYSE: SUM) will host a hybrid investor day to discuss strategic imperatives, financial targets, and future roadmap. The event will focus on Argos USA integration, growth strategy, and capital allocation priorities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.28%
Tags
conferences
News
Summit Materials, Inc. Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Summit Materials, Inc. achieves record revenue and profitability in 2023 with significant growth in net revenue, operating income, and Adjusted EBITDA. The company's positive outlook for 2024 includes projected Adjusted EBITDA of $950 million to $1,010 million and capital expenditures of $430 million to $470 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.1%
Tags
earnings
-
News
Summit Materials Announces Fourth Quarter and Full Year 2023 Results Conference Call Date
Rhea-AI Summary
Summit Materials, Inc. (NYSE: SUM) will release its fourth quarter and full year 2023 financial results on February 14, 2024, followed by a conference call on February 15, 2024. The webcast and presentation materials will be available on Summit's website. Participants can join the live teleconference or listen to a replay by using the provided dial-in numbers and conference ID.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
earnings
-
News
Summit Materials Announces Leadership Appointments
Rhea-AI Summary
Summit Materials, Inc. (SUM) has appointed Jason Kilgore, Charles DePriest, and David Loomes as Executive Vice Presidents of the reporting segments. The company aims to integrate Argos USA assets and accelerate strategic progress, expressing confidence in the new leadership's ability to advance the business both strategically and financially. Kilgore, DePriest, and Loomes bring extensive industry expertise and a commitment to developing the organization's people. Summit believes this executive team will deliver on financial commitments and create superior value for shareholders, employees, and stakeholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.93%
Tags
none
News
Summit Materials Announces Board of Directors Appointments
Rhea-AI Summary
Summit Materials, Inc. (SUM) has appointed Jorge Mario Velasquez, Irene Moshouris, and Juan Esteban Calle to its Board of Directors. Jorge Velasquez, president of Grupo Argos, and Irene Moshouris, former senior VP of United Rentals, bring extensive experience in the infrastructure and industrial sectors. Juan Calle, CEO of Cementos Argos, has a strong background in investment banking and international finance. The addition of these seasoned professionals is expected to drive growth and value creation for Summit Materials.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
management
-
News
Summit Materials Completes Combination with Argos USA
Rhea-AI Summary
Summit Materials, Inc. (SUM) has completed a $3.2 billion combination with Argos North America Corp., creating an unrivaled, materials dominant platform with national scale. Shareholders approved the Transaction Agreement, and the company is now focused on delivering synergy commitments and industry-leading returns for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
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News
Summit Materials Shareholders Approve Combination with Argos USA
Rhea-AI Summary
Summit Materials, Inc. (NYSE: SUM) announced shareholder approval for the Transaction Agreement with Argos North America Corp. The agreement involves issuing shares to Cementos Argos and its affiliates, with the transaction expected to close on January 12, 2024. The combined business is projected to create annual synergies of at least $100 million and increase free cash flow per share by 15-25%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.66%
Tags
none
News
SUMMIT MATERIALS ENHANCES LEADERSHIP TEAM WITH APPOINTMENT OF MARSHALL MOORE AS CHIEF OPERATIONS OFFICER
Rhea-AI Summary
Summit Materials, Inc. (NYSE: SUM) announces the appointment of Marshall Moore as EVP, Chief Operations Officer, bringing 35 years of experience in manufacturing and supply chain management, business process, operational excellence, product innovation, and business development. Moore's role is crucial in accelerating Summit's growth and value creation, particularly through larger contributions from aggregates and cement. His responsibilities include enhancing operational excellence, integrating acquisitions, and driving synergies to achieve the company's Elevate Strategy goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
Tags
management
Stock SUM logo
Summit Materials Inc

NYSE:SUM

SUM Rankings

#995 Ranked by Market Cap
#869 Ranked by Stock Gains
N/A Ranked by Dividends

SUM Stock Data

7.20B
118.88M
31.95%
69.49%
2.37%
Ready-Mix Concrete Manufacturing
Manufacturing
Link
US
Denver

About SUM

summit materials is a leading aggregates based construction materials company that supplies aggregates, cement, ready-mixed concrete and asphalt, and provides paving and other services. we are committed to promoting the success of our businesses by offering a safe place to work and implementing best practices, while striving to exceed our environmental and social responsibilities. summit materials was formed by its ceo tom hill and a small group of investors, including blackstone capital partners (an affiliate of the blackstone group) and silverhawk capital partners. summit materials completed its first acquisition in late 2009 and since then has closed on more than 30 acquisitions, which are organized into ten operating companies in three geographic regions across the united states and western canada. further information is available at www.summit-materials.com.