Summit Materials: Q2 Earnings Snapshot

August 3, 2022 GMT

DENVER (AP) _ Summit Materials Inc. (SUM) on Wednesday reported second-quarter net income of $190.1 million.

The Denver-based company said it had net income of $1.60 per share. Earnings, adjusted for non-recurring gains, came to 60 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.

The construction materials producer posted revenue of $686.6 million in the period. Its adjusted revenue was $631.9 million, falling short of Street forecasts. Three analysts surveyed by Zacks expected $644.5 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SUM at https://www.zacks.com/ap/SUM