Summit Materials' revenue rises by 3% to US$739m in the first half of 2019

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US: Summit Materials' revenue rose by 3% year-on-year to US$739m in the first half of 2019 from US$717m in the same period in 2018. Its adjusted earnings before interest, taxation, deprecation and amortisation (EBITDA) grew by 4% to US$147m from US$141m. Cement sales volumes increased by 2% to 1Mt from 0.97Mt. Tom Hill, the chief executive officer of Summit Materials, noted that flooding on the Mississippi River had presented ‘significant’ challenges for its cement business during the second quarter of 2019.

Summit Materials is active in the aggregates, asphalt and concrete sectors. It also owns Continental Cement, a cement producer that runs two integrated cement plants at Hannibal, Missouri and Davenport, Iowa.

Last modified on 07 August 2019

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