Summit Materials Inc
NYSE:SUM

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Summit Materials Inc
NYSE:SUM
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Price: 50.64 USD 0.1% Market Closed
Market Cap: 8.9B USD
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Summit Materials Inc
Investor Relations

In the heart of the construction materials industry, Summit Materials Inc. has carved out a formidable presence since its inception in 2009. Born during a period of financial crisis, the company was founded by Tom Hill, a seasoned veteran of the sector, with a vision to consolidate regional leaders into a dominant national player. Summit Materials operates primarily through three segments: aggregates, cement, and downstream products, such as asphalt and ready-mix concrete. This strategic trifurcation allows the company to maintain a diversified revenue stream, mitigating risks associated with cyclical downturns in any single product line. By acquiring and integrating smaller, often family-owned businesses across the United States and Canada, Summit enhances its market share and operational efficiencies, allowing it to compete and thrive against larger competitors.

The magic of Summit’s financial performance hinges on its ability to source and supply essential materials needed for infrastructure development, commercial, and residential construction. The company's core strategy revolves around the vertical integration of its supply chain, ensuring cost control and quality management throughout the production process. Summit Materials extracts aggregates from its vast network of quarries, making it the crucial foundational element for asphalt, concrete, and road base logistics. Furthermore, it produces cement, crucially tied to economic development and infrastructure with a high barrier of entry due to its capital-intensive nature. Meanwhile, its downstream operations focus on taking these materials to market, crafting them into asphalt and ready-mix concrete used by contractors and developers in myriad construction projects. Through this comprehensive business model, Summit Materials not only positions itself as a critical player in the building blocks of the modern landscape but also captures value at every step of the construction supply chain.

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Management

Mr. C. Scott Anderson
Executive VP & CFO
No Bio Available
Mr. Christopher Burke Gaskill J.D.
Executive VP, Chief Legal Officer & Secretary
No Bio Available
Ms. Karli S. Anderson
Executive VP of Chief People & ESG Officer and Head of Communications
No Bio Available
Mr. Brian J. Harris
Executive Officer
No Bio Available
Mr. Marshall D. Moore
Executive VP & COO
No Bio Available
Mr. Brian D. Frantz
Senior VP, Treasurer & Chief Accounting Officer
No Bio Available
Mr. Andy Larkin
Vice President, Investor Relations
No Bio Available
Trent Musso
Senior VP of Corporate Development
No Bio Available
Mr. David Loomes
Executive VP & President of Cement Segment
No Bio Available
Julio DaSilva
Chief Information Technology Officer
No Bio Available

Contacts

Address
COLORADO
Denver
1550 Wynkoop St Fl 3
Contacts
+13038930012.0
summit-materials.com