Summit Materials(SUM)
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Summit Materials(SUM) - 2023 Q1 - Earnings Call Transcript
2023-05-06 00:13
Andy Larkin - Vice President of Investor Relations Anne Noonan - Chief Executive Officer Scott Anderson - Chief Financial Officer Operator Andy Larkin Today I'm joined by Summit CEO, Anne Noonan; and our new Chief Financial Officer, Scott Anderson. Anne will provide a brief business update. Scott will review our financial performance. And then we'll conclude our prepared remarks with our view on the path forward. After that, we will open the line for questions. Please limit your ask to one question and then ...
Summit Materials(SUM) - 2023 Q1 - Earnings Call Presentation
2023-05-05 15:07
(2) Adjusted diluted share count includes all outstanding Class A common stock and LP Units not held by Summit Inc. | --- | --- | --- | |-------|------------------------------------------------------------------------|-------| | | Safe Harbor Disclosure Andy Larkin, Vice President, Investor Relations | | | | Business Update Anne Noonan, Chief Executive Officer | | | | Financial Overview Scott Anderson, Chief Financial Officer | | | | Management Outlook Anne Noonan, Chief Executive Officer | | | | Q&A | | | ...
Summit Materials(SUM) - 2022 Q4 - Annual Report
2023-02-16 19:38
Ownership Structure - As of December 31, 2022, Summit Inc. holds a 98.9% economic interest in Summit Materials Holdings L.P., which is the indirect parent of Summit LLC[12] Revenue Generation - Summit Inc.'s only revenue for the year ended December 31, 2022, was generated by Summit LLC and its consolidated subsidiaries[12] Financial Facilities - In January 2023, the company amended its senior secured revolving credit facility, increasing total availability to $395.0 million and extending the maturity date to January 2028[24]
Summit Materials(SUM) - 2022 Q2 - Earnings Call Transcript
2022-08-07 16:00
Summit Materials, Inc. (NYSE:SUM) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Â Company Participants Karli Anderson - Investor Relations Anne Noonan - Chief Executive Officer Brian Harris - Chief Financial Officer Conference Call Participants Stanley Elliott - Stifel Trey Grooms - Stephens Philip Ng - Jefferies David MacGregor - Longbow Research Garik Shmois - Loop Capital Mike Dahl - RBC Capital Markets Jerry Revich - Goldman Sachs Brent Thielman - D.A. Davidson Asher Sohnen - Citigroup Ada ...
Summit Materials(SUM) - 2022 Q1 - Earnings Call Transcript
2022-05-07 17:24
Summit Materials, Inc. (NYSE:SUM) Q1 2022 Results Conference Call May 5, 2022 11:00 AM ET Company Participants Karli Anderson - EVP, Chief Environmental, Social & Governance Officer and Head of IR Anne Noonan - President, CEO & Director Brian Harris - EVP & CFO Conference Call Participants Stanley Elliott - Stifel Trey Grooms - Stephens Garik Shmois - Loop Capital Collin Verron - Jefferies Asher Sohnen - Citigroup Timna Tanners - Wolfe research Brent Thielman - D.A. Davidson Jerry Revich - Goldman Sachs Ada ...
Summit Materials(SUM) - 2022 Q1 - Earnings Call Presentation
2022-05-06 20:48
Q1 2022 Financial Results - Net Revenue was $392.5 million, a decrease compared to $398.5 million in Q1 2021[8] - Net Loss was $(34.8) million, compared to $(23.2) million in Q1 2021[8] - Adjusted EBITDA was $23.3 million, a decrease compared to $41.7 million in Q1 2021, representing approximately 4% of the full year total compared to 8% in the prior year[8] - Adjusted Cash Gross Profit was $67.6 million, a decrease compared to $81.2 million in Q1 2021[8] Segment Performance - West Segment Net Revenue increased by 0.5% to $236.0 million, but Adjusted EBITDA declined to $32.7 million[12] - East Segment Net Revenue decreased by 10.4% to $110.3 million, with Adjusted EBITDA declining to $8.1 million[12] - Cement Segment Net Revenue increased by 13.7% to $46.2 million, while Adjusted EBITDA declined to $(5.8) million[14] Pricing and Volume Analysis - Aggregates volume decreased by (0.8)%, while price increased by +4.8%[8] - Cement volume increased by +0.3%, while price increased by +10.1%[8] - Ready-Mix volume decreased by (7.2)%, while price increased by +7.3%[8] - Asphalt volume decreased by (45.1)%, while price increased by +10.2%[8] 2022 Outlook - The company updated its 2022 Adjusted EBITDA Outlook to $529 million - $557 million[77] - The company expects 2022 Capex to be $270 million - $290 million[77] Capital Structure - The company's net leverage ratio improved by 0.4x year-over-year to 2.8x[69]
Summit Materials(SUM) - 2021 Q4 - Earnings Call Presentation
2022-02-25 21:53
ELEVATE SUMMIT MATERIALS 4Q21 & 2021 Results PresentationFebruary 24, 2022 Forward-Looking Statements 2 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," "in ...
Summit Materials(SUM) - 2021 Q3 - Earnings Call Transcript
2021-11-06 19:18
Summit Materials, Inc. (NYSE:SUM) Q3 2021 Earnings Conference Call November 4, 2021 11:00 AM ET Company Participants Karli Anderson - EVP, Chief Environmental, Social & Governance Officer and Head, IR Anne Noonan - President, CEO & Director Brian Harris - EVP & CFO Conference Call Participants Stanley Elliott - Stifel, Nicolaus & Company Trey Grooms - Stephens Inc. Asher Sohnen - Citi Group Courtney Yakavonis - Morgan Stanley Garik Shmois - Loop Capital Markets Collin Verron - Jefferies Timna Tanners - Wolf ...
Summit Materials(SUM) - 2021 Q2 - Earnings Call Transcript
2021-08-08 16:34
Summit Materials, Inc. (NYSE:SUM) Q2 2021 Earnings Conference Call August 5, 2021 11:00 AM ET Â Company Participants Karli Anderson - Investor Relations Anne Noonan - Chief Executive Officer Brian Harris - Chief Financial Officer Conference Call Participants Stanley Elliott - Stifel Trey Grooms - Stephens Inc. Paul Roger - Exane BNP Paribas Kathryn Thompson - Thompson Research Garik Shmois - Loop Capital Collin Verron - Jefferies Brent Thielman - D.A. Davidson Adam Thalhimer - Thompson Davis Jerry Revich - ...
Summit Materials(SUM) - 2021 Q2 - Earnings Call Presentation
2021-08-05 19:21
ELEVATE SUMMIT MATERIALS Q2 2021 Results PresentationAugust 5, 2021 Forward-Looking Statements 2 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," ...