SUM - Summit Materials Non-GAAP EPS of $0.71 beats by $0.12 revenue of $680.37M beats by $30.71M
2023-08-02 17:48:57 ET
- Summit Materials press release ( NYSE: SUM ): Q2 Non-GAAP EPS of $0.71 beats by $0.12 .
- Revenue of $680.37M (+7.7% Y/Y) beats by $30.71M .
- Shares +3.84% AH.
- For the full year 2023, Summit is raising its Adjusted EBITDA guidance to incorporate performance over the first six months, recent acquisitions, and improved assumptions for operating conditions. The Company is now projecting Adjusted EBITDA of approximately $550 million to $570 million, up from the previous outlook of $490 million to $530 million. Summit currently projects 2023 capital expenditures of approximately $240 million to $260 million including greenfield projects.
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Summit Materials Non-GAAP EPS of $0.71 beats by $0.12, revenue of $680.37M beats by $30.71M