Summit Materials: Q1 Earnings Insights

Summit Materials SUM reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Summit Materials beat estimated earnings by 27.78%, reporting an EPS of $-0.26 versus an estimate of $-0.36.

Revenue was up $14.78 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03 which was followed by a 6.84% drop in the share price the next day.

Here's a look at Summit Materials's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.29 0.71 0.55 -0.37
EPS Actual 0.32 0.70 0.59 -0.40
Revenue Estimate 599.29M 710.47M 678.97M 423.35M
Revenue Actual 511.66M 686.01M 631.92M 392.50M

To track all earnings releases for Summit Materials visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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