Summit Materials

Summit Materials is a leading aggregates based construction materials company that supplies aggregates, cement, ready-mixed concrete and asphalt, and provides paving and other services. We are committed to promoting the success of our businesses by offering a safe place to work and implementing best practices, while striving to exceed our environmental and social responsibilities. Summit Materials was formed by its CEO Tom Hill and a small group of investors, including Blackstone Capital Partners (an affiliate of The Blackstone Group) and Silverhawk Capital Partners. Summit Materials completed its first acquisition in late 2009 and since then has closed on more than 30 acquisitions, which are organized into ten operating companies in three geographic regions across the United States and western Canada.
Type
Public
HQ
Denver, US
Founded
2009
Size (employees)
5,000 (est)+17%
Summit Materials was founded in 2009 and is headquartered in Denver, US

Summit Materials Office Locations

Summit Materials has an office in Denver
Denver, US (HQ)
1550 Wynkoop St

Summit Materials Data and Metrics

Summit Materials Financial Metrics

Summit Materials's revenue was reported to be $284.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

284.3 m

Gross profit (Q1, 2017)

66.7 m

Gross profit margin (Q1, 2017), %

23%

Net income (Q1, 2017)

(55.1 m)

EBIT (Q1, 2017)

(32.8 m)

Market capitalization (21-Jul-2017)

(1.6 b)

Cash (01-Apr-2017)

156.1 m
Summit Materials's current market capitalization is ($1.6 b).
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

916.2 m1.2 b1.4 b1.5 b

Revenue growth, %

31%19%4%

Cost of goods sold

410.3 m567 m676.5 m751.7 m

Gross profit

505.9 m637.2 m755.8 m736.6 m

Gross profit Margin, %

55%53%53%49%

General and administrative expense

243.9 m

Operating expense total

243.9 m

EBIT

70 m134.6 m154 m

EBIT margin, %

6%9%10%

Interest expense

56.4 m86.7 m84.6 m97.5 m

Income tax expense

(2.6 m)(7 m)(18.3 m)(5.3 m)

Net Income

(6.3 m)1.5 m46.1 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

194 m364.9 m471.9 m228.4 m445.3 m529.4 m284.3 m

Cost of goods sold

158.3 m249.2 m312.4 m176.9 m285.2 m335.9 m217.6 m

Gross profit

35.7 m115.8 m159.5 m51.5 m160.1 m193.6 m66.7 m

Gross profit Margin, %

18%32%34%23%36%37%23%

General and administrative expense

67.2 m39.7 m42.5 m45.4 m75.6 m64.2 m58.5 m

Operating expense total

67.2 m39.7 m42.5 m45.4 m75.6 m64.2 m58.5 m

EBIT

(59 m)42.3 m83.4 m(29.6 m)46.7 m88.3 m(32.8 m)

EBIT margin, %

(30%)12%18%(13%)10%17%(12%)

Interest expense

24.1 m17.4 m20.7 m21.6 m25.6 m25.3 m25 m

Pre tax profit

(57.3 m)

Income tax expense

(4.5 m)(5.3 m)(2.7 m)(8.2 m)(1.1 m)1.3 m(2.2 m)

Net Income

(79.8 m)(79.8 m)(45.9 m)(42.5 m)(21 m)40.1 m(55.1 m)
USDFY, 2014FY, 2015FY, 2016

Cash

13.2 m186.4 m186.4 m

Accounts Receivable

145.5 m162.4 m

Inventories

130.1 m157.7 m

Current Assets

472.5 m483.7 m

PP&E

1.3 b1.4 b

Goodwill

596.4 m782.2 m

Total Assets

2.4 b2.8 b

Accounts Payable

81.4 m81.6 m

Total Debt

1.5 b

Current Liabilities

214.5 m239.3 m

Total Liabilities

1.9 b

Common Stock

497 k961 k

Additional Paid-in Capital

619 m824.3 m

Total Equity

860 m

Debt to Equity Ratio

1.8 x

Debt to Assets Ratio

0.5 x

Financial Leverage

3.2 x
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

315 m12.6 m19 m92.2 m9.2 m31.6 m156.1 m

Accounts Receivable

109.9 m164.1 m205.9 m132.5 m213 m247.2 m154.8 m

Inventories

133.3 m128.4 m138 m172 m174.7 m164.9 m187 m

Current Assets

587.5 m349.6 m418.9 m419.5 m434 m491.1 m524.9 m

PP&E

1.5 b

Goodwill

415.6 m418.7 m567.8 m735.7 m757.7 m760.4 m848 m

Total Assets

2 b1.8 b2.3 b2.6 b2.7 b2.8 b3 b

Accounts Payable

70.8 m90.8 m113.2 m91.6 m103.6 m113.3 m105.4 m

Current Liabilities

190.9 m283.6 m303.4 m205.5 m258.5 m267.3 m243.3 m

Common Stock

266 k490 k498 k630 k756 k1.1 m

Additional Paid-in Capital

456.4 m457.8 m600.2 m622.6 m681.3 m730.2 m1.1 b

Retained Earnings

(10.2 m)(10.4 m)

Total Equity

729.7 m778.3 m845.7 m1 b

Financial Leverage

3.6 x3.5 x3.3 x2.8 x
USDFY, 2015FY, 2016

Net Income

1.5 m46.1 m

Accounts Receivable

3.9 m2.5 m

Inventories

4.3 m(10.3 m)

Accounts Payable

(4.2 m)(5.8 m)

Cash From Operating Activities

98.2 m244.9 m

Purchases of PP&E

(89 m)(153.5 m)

Cash From Investing Activities

(584.3 m)(470.7 m)

Cash From Financing Activities

660.3 m182.7 m
Y, 2017

Financial Leverage

2.8 x

Summit Materials Market Value History

Summit Materials Online and Social Media Presence

Summit Materials Company Life and Culture

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