Summit Materials (SUM) Tops Q3 EPS by 6c; raises guidance

Summit Materials (NYSE: SUM) reported Q3 EPS of $0.81, $0.06 better than the analyst estimate of $0.75. Revenue for the quarter came in at $741.96 million versus the consensus estimate of $734.93 million.

Guidance

For the full year 2023, Summit is increasing the low end of its Adjusted EBITDA guidance range to approximately $560 from $550 previously. The revised outlook is now for $560 million to $570 million in Adjusted EBITDA for the full year 2023. Summit maintains its outlook for 2023 capital expenditures of approximately $240 million to $260 million including greenfield projects.

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

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