Summit Materials Inc (SUM) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.46 EPS for the quarter. Analysts had a consensus estimate of $0.46. The company posted revenue of $445.30 million in the period, compared to analysts expectations of $462.20 million. The company’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.01 EPS.
Summit Materials Inc closed down -0.92 points or -4.26% at $20.66 with 13,13,508 shares getting traded on Tusday. Post opening the session at $21.51, the shares hit an intraday low of $20.56 and an intraday high of $21.53 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jul 15, 2016, Thomas W. Hill (President and CEO) sold 10,000 shares at $21.45 per share price. According to the SEC, on May 25, 2016, Michael John Brady (officer ) sold 35,228 shares at $21.85 per share price. On May 18, 2016, Douglas Charles Rauh (officer ) sold 10,000 shares at $21.60 per share price, according to the Form-4 filing with the securities and exchange commission.
Summit Materials Inc. is a construction material company. The Company offers construction materials and related downstream products. The Companys materials include aggregates which it supplies across the country with a focus on Texas Kansas Kentucky Utah and Missouri and cement which the Company supplies in Missouri Iowa and Illinois. In addition to supplying aggregates it uses its materials to produce ready-mixed concrete and asphalt paving mix. The Company operates through three segments: West Central and East. The Companys West region includes operations in Texas the Mountain states of Utah Colorado Idaho and Wyoming and in British Columbia Canada. The Companys Central region extends across the Midwestern United States including Kansas Missouri Nebraska Iowa and Illinois. The Companys East region serves markets in Kentucky South Carolina North Carolina Tennessee and Virginia.