Summit Materials manufactures and distributes ready-mix concrete, cement, asphalt paving and construction aggregates. Read more
Summit Materials's Competitors, Revenue, Number of Employees, Funding and Acquisitions
1,456 Followers on Owler
President & CEO
Tom Hill
Annual Revenue
Employees
Headquarters
TOP COMPETITORS OR ALTERNATIVES
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Henkels & McCoy is seen as one of Summit Materials's top competitors. Henkels & McCoy's headquarters is in Blue Bell, Pennsylvania, and was founded in 1923. Henkels & McCoy competes in the Pipelines industry. Henkels & McCoy generates 37% of Summit Materials's revenue.
MDU Resources is one of Summit Materials's top rivals. MDU Resources was founded in 1924, and its headquarters is in Bismarck, North Dakota. MDU Resources competes in the Construction Materials field. MDU Resources has 7,359 more employees than Summit Materials.
Martin Marietta is Summit Materials's #3 rival. Martin Marietta is a Public company that was founded in 1993 in Raleigh, North Carolina. Like Summit Materials, Martin Marietta also works within the Construction Supplies & Fittings industry. Compared to Summit Materials, Martin Marietta has 2,846 more employees.
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Trending News for Summit Materials and Summit Materials's Competitors
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Quarterly and Annual Revenue
Trailing 12-Months Trend (TTM)
Annual Revenue
$2.3B
Summit Materials's revenue is the ranked 6th among it's top 10 competitors. The top 10 competitors average 3B. Over the last four quarters, Summit Materials's revenue has decreased by 13.8%. Specifically, in Q2 2020's revenue was $631M; in Q1 2020, it was $342.4M; in Q4 2019, it was $583.2M; in Q3 2019, Summit Materials's revenue was $732.1M.
Acquisitions
COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Everist Materials, LLC
Jan 2017
Source »undisclosed
Everist Materials is a manufacturer and supplier of asphalt, concrete pumping and tar paving mixtures to the construction industry.
Razorback Concrete Company
Jan 2017
Source »undisclosed
Razorback Concrete is a supplier of ready-mix, gravel and sand to the small residential contractors to large commercial projects.
Boxley Materials Company, Inc.
Feb 2016
Source »undisclosed
Boxley Materials Company produces and supplies crushed limestone, granite and sandstone to contractors and road builders.
Southwest Ready Mix, LLC
Oct 2014
Source »undisclosed
Southwest Ready Mix provides concrete delivery services.
Concrete Supply of Topeka, Inc.
Oct 2014
Source »undisclosed
Concrete Supply of Topeka distributes ready-mix concrete materials.
These are all the companies that Summit Materials has acquired. Summit Materials has acquired 7 companies and its latest acquisition was Everist Materials, LLC in Jan 2017. Everist Materials is a manufacturer and supplier of asphalt, concrete pumping and tar paving mixtures to the construction industry.
Summit Materials Funding History
Since Summit Materials was founded in 2008, it has participated in 3 rounds of funding. In total Summit Materials has raised $424.3M. Summit Materials' last funding round was on Mar 2015 for a total of $400.0M
ROUND
FUNDING DATE
AMOUNT
INVESTORS
IPO
Mar 2015
$400M
Equity
Mar 2014
$3.6M
Equity
Jan 2014
$20.8M
-
Total Funding: $424.3M
Since Summit Materials was founded in 2008, it has participated in 3 rounds of funding. In total Summit Materials has raised $424.3M. Summit Materials' last funding round was on Mar 2015 for a total of $400.0M
Investments
No recent investments found related to Summit Materials
Summit Materials News
July 21, 2020Seeking Alpha
Summit rallies after Q2 adjusted EBITDA hits record; CEO Hill to step down
July 3, 2020The Markets Daily
$0.22 EPS Expected for Summit Materials Inc (NYSE:SUM) This Quarter
Wall Street analysts expect Summit Materials Inc (NYSE:SUM) to report earnings of $0.22 per share for... See more »
April 29, 2020MarketScreener
Summit Materials :, Inc. Reports First Quarter 2020 Results
(marketscreener.com) - Record Net Revenue increased 11.9% to $342.4 million -Aggregates volumes incre... See more »
April 17, 2020MarketScreener
Announces First Quarter 2020 Results Conference Call Date
(marketscreener.com) Summit Materials, Inc. , a leading vertically integrated construction materials ... See more »
February 7, 2020World Cement
Summat Materials announces results for fourth quarter
Construction materials company, Summit Materials, Inc., has announced results for the fourth quarter ... See more »
Summit Materials Press Releases
January 11, 2017Blackbird
Commit To Purchase Summit Materials At $20, Earn 9.5% Annualized Using Options
Shutterstock photo Investors considering a purchase of Summit Materials Inc (Symbol: SUM) stock, but ... See more »
October 25, 2016Business Wire
Summit Materials to Webcast Investor Day on November 15, 2016
DENVER--(BUSINESS WIRE)--Summit Materials, Inc. (NYSE:SUM, "Summit" or the "Company"), a leading vert... See more »
October 18, 2016Business Wire
Summit Materials Announces Third Quarter 2016 Conference Call Date
DENVER--(BUSINESS WIRE)--Summit Materials, Inc., (NYSE:SUM or "Summit"), a leading vertically integra... See more »
May 26, 2016Press Release Rocket
Summit Materials Chooses CXO-Cockpit to Fully Leverage Their EPM Intelligence with Agile Performance Reporting
Leading aggregates based construction materials company creates a single point of entry for managemen... See more »
April 21, 2016Business Wire
Summit Materials Announces First Quarter 2016 Conference Call
DENVER--(BUSINESS WIRE)--Summit Materials, Inc., (NYSE:SUM), a leading vertically integrated construc... See more »
April 12, 2016Business Wire
Summit Materials Announces Secondary Offering of Common Stock
DENVER--(BUSINESS WIRE)--Summit Materials Announces Secondary Offering of Common Stock... See more »
March 21, 2016Business Wire
Summit Materials Announces Completion of Boxley Materials Company Acquisition
DENVER--(BUSINESS WIRE)--Summit Materials Announces Completion of Boxley Materials Company Acquisitio... See more »
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Summary
ABOUT
Overview
Summit Materials manufactures and distributes ready-mix concrete, cement, asphalt paving and construction aggregates. Summit Materials was founded in 2008. Summit Materials' headquarters is located in Denver, Colorado, USA 80202. It has raised 424.3M ...
CEO
Summit Materials's President & CEO, Tom Hill, currently has an approval rating of 78%. Summit Materials's primary competitors are Henkels & McCoy, MDU Resources & Martin Marietta.Website
summit-materials.comFrequently Asked Questions about Summit Materials
When was Summit Materials founded?
Summit Materials was founded in 2008Who is Summit Materials's CEO?
Summit Materials's CEO is Tom HillHow much revenue does Summit Materials generate?
Summit Materials generates $2.3B in revenueHow much funding does Summit Materials have?
Summit Materials has historically raised $424.3M in funding
Where is Summit Materials's headquarters?
Summit Materials's headquarters is in Denver Colorado, USAHow many employees does Summit Materials have?
Summit Materials has 6,000 employeesWhat sector does Summit Materials operate in?
Summit Materials is in Construction Supplies & Fittings, Construction MachineryWho are Summit Materials's competitors?
Summit Materials's top competitors are Henkels & McCoy, MDU Resources, Martin Marietta
