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Summit Materials: 4Q Earnings Snapshot

DENVER (AP) _ Summit Materials Inc. (SUM) on Wednesday reported a fourth-quarter loss of $19.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Denver-based company said it had a loss of 17 cents. Losses, adjusted for non-recurring costs, were 16 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The construction materials producer posted revenue of $491 million in the period. Its adjusted revenue was $445.1 million, which also missed Street forecasts. Five analysts surveyed by Zacks expected $465.9 million.

For the year, the company reported profit of $33.9 million, or 30 cents per share. Revenue was reported as $1.91 billion.

Summit Materials shares have risen 30 percent since the beginning of the year. The stock has decreased 45 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SUM at https://www.zacks.com/ap/SUM