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Summit Materials, Inc. - $SUM STOCK NEWS

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

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 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
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News
Continental Cement Teams Up with CemAI on Digital Solution for Hannibal Cement Plant
Rhea-AI Summary
CemAI, Inc. (NYSE: CEM) partners with Continental Cement Company L.L.C.'s Hannibal, MO plant to implement predictive and prescriptive maintenance solution using machine learning and AI, aiming to enhance cement manufacturing performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
none
-
News
Summit Materials Announces Pricing of $800 Million of 7.250% Senior Notes Due 2031
Rhea-AI Summary
Summit Materials, Inc. (NYSE: SUM) announced the finalization of an $800.0 million offering of Senior Notes due 2031. The proceeds will be used to finance the acquisition of Argos North America Corp., repay existing term loans, and cover related fees and expenses. The offering is expected to occur on December 14, 2023, subject to customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.48%
Tags
none
News
SUMMIT MATERIALS ANNOUNCES INTENTION TO OFFER $800 MILLION OF SENIOR NOTES
Rhea-AI Summary
Summit Materials, Inc. (NYSE: SUM) plans to offer $800.0 million in Senior Notes due 2031 to finance the acquisition of Argos North America Corp. and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
Tags
none
-
News
Summit Materials, Inc. Reports Third Quarter 2023 Results
Rhea-AI Summary
Summit Materials, Inc. announces record revenue and profitability in Q3 2023. Net revenue increased by 8.2% to $741.96 million, operating income grew by 0.7% to $127.98 million, and net income soared by 165.5% to $232.73 million. Adjusted EBITDA rose by 12.8% to $208.52 million. The company also raised its 2023 Adjusted EBITDA guidance to $560 million to $570 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
earnings
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News
Summit Materials Announces Expiration of Hart-Scott-Rodino Act Waiting Period for Pending Transaction with Cementos Argos
Rhea-AI Summary
Summit Materials announces expiration of waiting period for pending combination with Argos USA
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.34%
Tags
none
News
Summit Materials' Continental Cement Signs Memorandum of Understanding with PCC Hydrogen to Explore Collaborative Opportunities to Lower Carbon Emissions
Rhea-AI Summary
Summit Materials, Inc. enters into a strategic alliance with PCC Hydrogen to develop a fuel replacement strategy for cement manufacturing and lower carbon emissions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.84%
Tags
none
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News
Summit Materials Announces Third Quarter 2023 Results Conference Call Date
Rhea-AI Summary
Summit Materials, Inc. to release Q3 2023 financial results on November 1, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
earnings
-
News
Summit Materials to Discuss Argos Deal in Analyst-Led Fireside Chat
Rhea-AI Summary
Summit Materials, Inc. to discuss combination with Argos USA in fireside chat
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.17%
Tags
none
News
Argos North America and Summit Materials Combine to Create a Stronger Force in the U.S. Construction Materials Industry
Rhea-AI Summary
Cementos Argos and Summit Materials to combine operations in a $3.2 billion cash and stock transaction
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.19%
Tags
none
Stock SUM logo
Summit Materials, Inc.

NYSE:SUM

SUM Rankings

#1000 Ranked by Market Cap
#869 Ranked by Stock Gains
N/A Ranked by Dividends

SUM Stock Data

7.07B
118.88M
31.95%
69.49%
2.37%
Ready-Mix Concrete Manufacturing
Manufacturing
Link
United States of America
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.