Summit Materials (SUM) Tops Q4 EPS by 50c, Revenues Beat

Summit Materials (NYSE: SUM) reported Q4 EPS of $0.62, $0.50 better than the analyst estimate of $0.12. Revenue for the quarter came in at $556.53 million versus the consensus estimate of $498.6 million.

Tom Hill, CEO of Summit Materials, commented, "Sustained public sector demand coupled with improved pricing contributed to margin expansion in our aggregates and products lines of business late in the quarter, resulting in the highest fourth quarter Adjusted EBITDA in the Company's history. For the full year 2019, our aggregates business delivered strong results due in part to strong performance from our East Segment."

Financial Outlook

For full-year 2020, the Company estimates its Adjusted EBITDA to be in the range of $460 million to $500 million. For full-year 2020, the Company estimates its capital expenditures to be in the range of $185 million to $205 million, including approximately $65 million to $80 million estimated for greenfield opportunities.

For earnings history and earnings-related data on Summit Materials (SUM) click here.

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