Summit Materials: Q4 Earnings Snapshot

DENVER (AP) — DENVER (AP) — Summit Materials Inc. (SUM) on Wednesday reported fourth-quarter earnings of $3 million.

On a per-share basis, the Denver-based company said it had net income of 2 cents. Earnings, adjusted for non-recurring costs, came to 31 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The construction materials producer posted revenue of $660.1 million in the period. Its adjusted revenue was $613.1 million, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $566 million.

For the year, the company reported profit of $285.9 million, or $2.39 per share. Revenue was reported as $2.44 billion.

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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