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News Summit Materials increases revenues and income in first nine months of 2021

Summit Materials increases revenues and income in first nine months of 2021

Written by Global Cement staff 10 November 2021
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US: Summit Materials' nine-month consolidated sales were US$1.68bn in the first nine months of 2021, up by 7.7% year-on-year from US$1.56bn in the corresponding period of 2020. The group's net income rose by 4.8% to US$110m from US$105m. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 31% to US$416m from US$319m.

The company's consolidated cement sales for the period were US$208m, up by 10% from US$189m. Its sales volumes rose by 6.5% to 1.8Mt from 1.69Mt.

Published in Global Cement News
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  • Summit Materials
  • Results
  • GCW531

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