Compelling Premium Maximizes Value to ShareholdersDENVER, Nov. 25, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM), ("Summit," "Summit Materials," "Summit Inc." or the "Company") a leading producer of aggregates and cement, today announced it has entered into a definitive agreement to be acquired by Quikrete Holdings, Inc. ("Quikrete") for $52.50 per share in cash, for a total enterprise value of approximately $11.5 billion, including debt. The transaction price represents an approximately 36% premi ...

DENVER, Nov. 21, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company") today issued the following statement in response to media reports:"Summit previously disclosed receipt of a non-binding acquisition proposal and confirmed the Company has held initial discussions with the interested party. Summit does not plan to provide any updates with respect to this matter, except as required under applicable law."Morgan Stanley & Co. LLC and Evercore a ...

Summit Materials, Inc. (NYSE:SUM) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Andy Larkin – Vice President of Investor Relations Anne Noonan – Chief Executive Officer Scott Anderson – Chief Financial Officer Conference Call Participants Philip Ng – Jefferies Trey Grooms – Stephens Garik Shmois – Loop Capital Asher Sohnen – Citigroup Kathryn Thompson – Thompson Research Group Angel Castillo – Morgan Stanley Timna Tanners – Wolfe Research Rohit Seth – Seaport Research Pa ...

3Q 2024 Results Presentation October 31, 2024 Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the federal securities laws, which involve risks and uncertainties. Forward-looking statements include all statements that do not relate solely to historical or current facts, and you can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "outlook," "should," "seeks," "intends," "trends," "plans," "est ...

Summit Materials (SUM) reported $1.11 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 49.9%. EPS of $0.75 for the same period compares to $0.81 a year ago. The reported revenue represents a surprise of -6.20% over the Zacks Consensus Estimate of $1.19 billion. With the consensus EPS estimate being $0.70, the EPS surprise was +7.14%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

Summit Materials (SUM) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this construction materials producer would post earnings of $0.62 per share when it actually produced earnings of $0.66, delivering a surprise of 6.45%. Over the last fou ...

Exhibit 99.1 Summit Materials, Inc. Reports Third Quarter 2024 Results Pricing Momentum Continues Sets ELEVATE Summit Record for Quality of Earnings Refining 2024 Guidance DENVER, CO. - (October 30, 2024) - Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading producer of aggregates and cement company, today announced results for the third quarter ended September 28, 2024. All comparisons are versus the quarter ended September 30, 2023 unless not ...

Pricing Momentum Continues Sets ELEVATE Summit Record for Quality of Earnings Refining 2024 Guidance DENVER, Oct. 30, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading producer of aggregates and cement company, today announced results for the third quarter ended September 28, 2024. All comparisons are versus the quarter ended September 30, 2023 unless noted otherwise. "Our materials-led portfolio delivered another resilie ...

DENVER, Oct. 24, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company") today disclosed that it has received a non-binding acquisition proposal.The Company has held initial discussions with the interested party, and, in consultation with its advisors, Summit's Board of Directors will carefully evaluate the proposal to determine the course of action it believes is in the best interests of the Company and its shareholders.There can be no assuranc ...

DENVER, Oct. 15, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE: SUM, "Summit" or the "Company"), a leading vertically integrated construction materials company, today announced that it will release third quarter 2024 financial results after the market closes on Wednesday, October 30, 2024. A conference call will be held on Thursday, October 31, 2024, at 11:00 a.m. eastern time (9:00 a.m. mountain time) to review Summit's financial results, discuss recent events and conduct a question-and-answer session. ...