US: Summit Materials’ net revenue grew by 11% year-on-year to US$882m in the first half of 2021 from US$794m in the same period in 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 27% to US$209m from US$164m. Cement business revenue increased by 10% to US$126m from US$114m. Cement and concrete sales volumes increased by 10% to 1.05Mt and by 7% to 2.16Mm3 respectively.
"These results reflect our team's commitment to operational and commercial excellence, which delivered volume growth in most lines of business and pricing growth in all lines of business. Demand fundamentals remain strong in our rural and exurban markets, while most of the state Departments of Transportation that we serve have returned to typical letting and operating conditions,” said Anne Noonan, the chief executive officer of Summit Materials.
