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Summit Materials Inc (SUM.N)

SUM.N on New York Stock Exchange

31.47USD
17 Jan 2018
Change (% chg)

$0.09 (+0.29%)
Prev Close
$31.38
Open
$31.54
Day's High
$31.55
Day's Low
$30.96
Volume
253,325
Avg. Vol
309,273
52-wk High
$32.59
52-wk Low
$21.88

Latest Key Developments (Source: Significant Developments)

Summit Materials Declares Special Stock Dividend
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - Summit Materials Inc ::SUMMIT MATERIALS DECLARES SPECIAL STOCK DIVIDEND.SUMMIT MATERIALS - ‍DECLARED SPECIAL DIVIDEND OF 0.014 SHARES OF CO'S CLASS A STOCK, PAR VALUE $0.01/ SHARE FOR EACH OUTSTANDING SHARE OF CLASS A STOCK​.  Full Article

Summit Materials reports Q3 earnings per share of $0.72
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Summit Materials Inc :Summit Materials Inc reports third quarter 2017 results.Q3 earnings per share $0.72.Q3 earnings per share view $0.83 -- Thomson Reuters I/B/E/S.Q3 adjusted earnings per share $0.73.Q3 revenue $574.4 million versus I/B/E/S view $568.8 million.Summit Materials Inc - ‍lowering FY17 adjusted EBITDA guidance to a range of $425 million to $435 million due to hurricanes Harvey & Irma​.Summit Materials Inc - ‍is raising full-year 2017 capital spending guidance to a range of $180 million to $190 million​.  Full Article

Summit Materials prices $300 million of senior notes
Wednesday, 24 May 2017 

May 24 (Reuters) - Summit Materials Inc :Summit materials announces pricing of $300 million of 5.125% senior notes due 2025.Summit materials inc - units finalized terms of previously announced offering of $300 million aggregate principal amount of 5.125% senior notes due 2025.Summit materials - intends to use proceeds from offering to fund acquisitions and to pay fees and expenses incurred in connection with any such deal.  Full Article

Melvin Capital Management reports 5.06 pct passive stake in Summit Materials - SEC filing
Monday, 22 Aug 2016 

Melvin Capital Management LP:Melvin Capital Management LP reports 5.06 pct passive stake in Summit Materials Inc as of Aug. 19 - SEC filing.  Full Article

Summit Materials reports Q2 adjusted earnings per share $0.46
Wednesday, 3 Aug 2016 

Summit Materials Inc : Q2 adjusted earnings per share $0.46 . Q2 earnings per share view $0.47 -- Thomson Reuters I/B/E/S . Q2 revenue $412.6 million versus I/B/E/S view $422.2 million . Quarterly earnings per share $0.21 .Company expects to generate adjusted EBITDA in range of $360.0 million to $370.0 million for FY 2016.  Full Article

Summit Materials announces secondary offering of stock
Wednesday, 13 Jul 2016 

Summit Materials Inc : Summit Materials announces secondary offering of common stock .Says offering 12.5 million shares.  Full Article

Summit Materials Inc raises FY 2016 EBITDA outlook
Wednesday, 4 May 2016 

Summit Materials Inc:Says FY 2016 adjusted EBITDA outlook is increased 7.5% at midpoint to a range of $350.0 million to $370.0 million.  Full Article

Summit Materials Inc announces intention to offer $250 million of senior notes
Tuesday, 23 Feb 2016 

Summit Materials Inc:Says that its indirect subsidiaries Summit Materials LLC and Summit Materials Finance Corp intend to offer $250 million aggregate principal amount of senior notes due 2022.Intends to use the proceeds from the offering to fund the acquisition of Boxley Materials Company, replenish cash used for the acquisition of American Materials Company.  Full Article

Summit Materials, Inc announces a definitive agreement to acquire Boxley Materials Company
Tuesday, 23 Feb 2016 

Summit Materials, Inc:Has signed a definitive agreement to acquire Boxley Materials Company.Transaction is expected to close in mid-March.  Full Article

BRIEF-Summit Materials Declares Special Stock Dividend

* SUMMIT MATERIALS - ‍DECLARED SPECIAL DIVIDEND OF 0.014 SHARES OF CO'S CLASS A STOCK, PAR VALUE $0.01/ SHARE FOR EACH OUTSTANDING SHARE OF CLASS A STOCK​ Source text for Eikon: Further company coverage: