Summit Materials Inc (Summit Materials) is a construction materials company. The company's primary activities include the production and supply of aggregates, concrete products and cement, which are used to manufacture ready-mix concrete and asphalt paving mix. These materials are utilized in Summit's paving and related services businesses. It also offers services such as site planning, paving and road construction, planning and design, aggregates delivery and trucking, grading and related services. The company offers its products and services to a wide range of customers in the public infrastructure, residential, and non-residential construction sectors. The company operates in the US and Canada. Summit Materials is headquartered in Denver, Colorado, the US.
Headquarters
United States of America
Address
Suite 3500, 1801 California Street, Denver, Colorado, 80202
Website
summit-materials.com
Telephone
1 303 8930012
No of Employees
5,300
Industry
Construction
Ticker Symbol & Exchange
SUM (NYSE)
Revenue (2022)
$2.6B
8.6%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
5%
(2022 vs 2021)
Market Cap*
$6.8B
Net Profit Margin (2022)
XYZ
-3.3%
(2022 vs 2021)
* As of and is in US$
Summit Materials Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Cement | Paving Construction and Related Services |
| Aggregates | Grading |
| Ready-Mixed Concrete | Planning and Design |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Acquisitions/Mergers/Takeovers | In January, the company merged with Cementos Argos. |
| 2023 | Contracts/Agreements | In October, the company in partnership with Continental Cement Company entered into a memorandum of understanding with PCC Hydrogen to develop a fuel replacement strategy to lower carbon emissions from its cement manufacturing process. |
| 2023 | Contracts/Agreements | In September, the company entered into a definitive agreement with Cementos Argos under which the U.S. operations of Cementos Argos, Argos North America Corp will combine with Summit for US$3.2 billion. |
Competitor Comparison
| Key Parameters | Summit Materials Inc | CRH Plc | Vulcan Materials Co | Martin Marietta Materials Inc | MDU Resources Group Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | Ireland | United States of America | United States of America | United States of America |
| City | Denver | Dublin | Birmingham | Raleigh | Bismarck |
| State/Province | Colorado | Dublin | Alabama | North Carolina | North Dakota |
| No. of Employees | 5,300 | 75,838 | 10,382 | 9,400 | 9,145 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Howard L. Lance | Chairman | Executive Board | 2013 | 68 |
| Anne P. Noonan | President; Director; Chief Executive Officer | Executive Board | 2020 | 60 |
| Scott Anderson | Chief Financial Officer; Executive Vice President | Senior Management | 2023 | 57 |
| Marshall Moore | Executive Vice President; Chief Operating Officer | Senior Management | 2024 | 59 |
| Christopher B Gaskill | Secretary; Chief Legal Officer; Executive Vice President | Senior Management | - | 42 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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