Cement News tagged under: Summit Materials Inc

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Summit Materials appoints Executive VP and CFO

27 March 2023, Published under Cement News

Summit Materials is pleased to announce the appointment of Scott Anderson as its new executive vice president and chief financial officer (CFO), effective from 1 March 2023.   Mr Anderson has been an integral member of Summit's leadership team, serving as president of the central region since 2020. In addition to over two decades of industry experience with Hamm and Summit companies, he has recently distinguished himself by moving swiftly to deliver on the Elevate Summit goals. ...

Summit Materials net revenue rises to US$686m in 3Q22

07 November 2022, Published under Cement News

Summit Materials ' reported net revenue rose by US$23.8m to US$686m in the 3Q22, up 3.6 per cent on the 3Q21. Adjusted EBITDA declined US$5.4m to US$184.9m over the same period, reflecting the impact of divestitures and inflationary cost of revenue conditions.   The company saw 3Q22 cement net revenues of US$119.9m, an increase of 29.6 per cent compared to 3Q21. Sales volumes of cement rose by 12.4 per cent in the 3Q22 driven by compounding price actions taken in 2022 and a focus on va...

Summit Materials Inc records revenue of US$631.9m in 1H22

17 August 2022, Published under Cement News

Summit Materials Inc reported net revenue of US$631.9m in the 1H22, a rise of 2.2 per cent from US$618.5m in the 1H21. This advance is due to increases in average sales prices across all lines of the business which more than offset volume declines due primarily to divestitures. Net income rose to US$111.2m during this period, up from US$95.9m in the 1H21. Adjusted EBITDA increased by US$0.2m, or 0.1 per cent, to US$164m. The cement business saw net revenue increase 9.1 per cent to US...

Summit Materials publishes 2021 ESG and DEI reports

07 April 2022, Published under Cement News

Summit Materials Inc has published its 2021 environment, social and governance (ESG) report and its inaugural diversity, equity and inclusion (DEI) report.   These reports provide an update on progress made in the past year on our commitment to becoming the most socially responsible construction materials solution provider. It’s the result of a team effort reflecting engagement from each of the company's regions on our impacts, and how Summit Materials can best address them.    ...

Davenport plant switches to Portland limestone cement production

01 April 2022, Published under Cement News

Summit Materials Inc announces that its Davenport plant , operated by Continental Cement Co LLC, has converted 100 per cent of its annual production to Portland limestone cement (PLC). In 2021, the Davenport plant produced approximately 1.1Mt of cement. "Continental Cement Company has been working with our customers and specifiers to commercialise Portland Limestone Cement (PLC) in all of our markets, and we are delighted that PLC adoption has progressed quickly," commented David Lo...