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Summit Materials Inc A SUM Stock Quote

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Morningstar‘s Stock Analysis SUM

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Company Profile SUM

Business Description

Summit Materials is a top-10 aggregates supplier and top-15 cement producer in the U.S. Founded as a roll-up strategy in 2009, the company has grown through a very active acquisition strategy. While cement and aggregates constituted about 35% of the firm's revenue in 2020, these higher-margin businesses constituted nearly 55% of gross profit. Summit's downstream businesses and services include asphalt, ready-mix concrete, and paving. While these constitute about 65% of revenue, their lower margins lead to gross profit contribution of roughly 45%.

Contact
1550 Wynkoop Street, 3rd Floor
Denver, CO, 80202
T +1 303 893-0012
Sector Basic Materials
Industry Building Materials
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 5,500

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