DENVER Summit Materials Inc. (SUM) on Monday reported a loss of $22.5 million in its first quarter.
On a per-share basis, the Denver-based company said it had a loss of 19 cents. Losses, adjusted for non-recurring gains, were 33 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 53 cents per share.
The construction materials producer posted revenue of $427.8 million in the period. Its adjusted revenue was $398.5 million.
Summit Materials shares have increased 52% since the beginning of the year. In the final minutes of trading on Monday, shares hit $30.56, more than doubling in the last 12 months.
American Residential Services Names Filip Wojcikowski Senior Vice President and Head of Corporate Development
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MEMPHIS, Tenn., May 5, 2021 /PRNewswire/ American Residential Services (ARS), the nation s largest provider of residential heating, ventilation, air conditioning (HVAC), and plumbing services, is pleased to announce Filip Wojcikowski has been named the company s new Senior Vice President and Head of Corporate Development, reporting to ARS CEO Scott Boose.
As Head of Corporate Development, Wojcikowski will help shape the company s acquisition strategy, maintain relationships with external partners, and source, negotiate, structure, and execute strategic acquisitions and investments across the business.
AMETEK, Inc. (NYSE:AME) persists its position slightly strong in context of buying side, while shares price knocked up 0.86% during latest trading session.
Profitability Ratio Analysis; to measure firm’s performance and profitability, we focus on ordinary profitability ratio, AME has gross profit margin of 35.50% for trailing twelve months and operating margin is calculated as 21.70%, these are a better detectors to find consistency or positive/negative trends in a firm’s earnings. Following in trace line, returns on investment amplify the findings, the firm’s ROI concludes as 13.30%; it gives idea for personal financial decisions, to compare a firm’s profitability or to compare the efficiency of different investments. The returns on assets of firm also on noticeable level, it has ROA of 7.80%, which signifies how profitable a firm is relative to its total assets.
Is Summit Materials Inc. (SUM) A Smart Long-Term Buy?
Madison Funds, an investment management firm, published its “Madison Small Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. The Madison Small Cap Fund Class Y (at NAV) outperformed the Russell 2000 Index by 103 basis points (bps) and by 280 bps compared to the Russell 2500 Index for the Q1 of 2021. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Madison Small Cap Fund, in their Q1 2021 investor letter, mentioned Summit Materials, Inc. (NYSE: SUM), and shared their insights on the company. Summit Materials, Inc. is a Denver, Colorado-based construction materials company that currently has a $3.3 billion market capitalization. Since the beginning of the year, SUM delivered a 41.53% return, extending its 12-month gains to 88.09%. As of April 28, 2021, the stock closed at $28.42 per share.
Operator
Ladies and gentlemen, thank you for standing by and welcome to the Summit Materials Fourth Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions].
I would now like to hand the conference over to your speaker today, Karli Anderson. Thank you. Please go ahead.
Karli Anderson
Head of Investor Relations
Welcome to Summit Materials fourth quarter and full year 2020 results conference call. We issued a press release yesterday afternoon, detailing our financial and operating results. This call is accompanied by our investor presentation and updated supplemental workbook, highlighting key financial and operating data, all of which are posted on the Investors section of our website.