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May 26, 2015 5:02 AM ET

Construction Materials

Company Overview of Summit Materials, LLC

Company Overview

Summit Materials, LLC, through its subsidiaries, operates as a construction materials company in the United States and Canada. The company operates through Central Region, West Region, and East Region segments. It manufactures and sells aggregates and cement; and related downstream products comprising ready-mixed concrete, asphalt paving mix, and concrete products. The company also provides road paving and related construction services. It offers its products and services to construction industry comprising private residential and non-residential construction, as well as public infrastructure projects. The company was founded in 2008 and is headquartered in Denver, Colorado. Summit Materials...

1550 Wynkoop Street

3rd Floor

Denver, CO 80202

United States

Founded in 2008

3,990 Employees

Phone:

303-893-0012

Fax:

303-893-6993

Key Executives for Summit Materials, LLC

Founder, Chief Executive Officer, President and Director
Age: 58
Chief Financial Officer
Age: 58
Chief Operating Officer and East Region President
Age: 53
President of West Region
Age: 43
President of Central Region
Age: 44
Compensation as of Fiscal Year 2014.

Summit Materials, LLC Key Developments

Summit Materials, LLC Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2014

Summit Materials, LLC reported unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2014. For the quarter, the company reported that total revenue was $394,759,000 compared to $316,263,000 a year ago. Operating income was $47,749,000 against $37,895,000 a year ago. Income from continuing operations before taxes was $27,072,000 compared to $24,515,000 a year ago. Income from continuing operations was $28,110,000 compared to $22,950,000 a year ago. Net income attributable to member the company was $26,874,000 compared to $20,167,000 a year ago. Adjusted EBITDA was $72,412,000 compared to $57,598,000 a year ago. For the nine months, the company reported that total revenue was $870,145,000 compared to $677,934,000 a year ago. Operating income was $46,652,000 against $9,765,000 a year ago. Loss from continuing operations before taxes was $13,604,000 compared to $34,742,000 a year ago. Loss from continuing operations was $11,106,000 compared to $32,960,000 a year ago. Net loss attributable to member the company was $11,424,000 compared to $34,322,000 a year ago. Net cash used in operating activities was $10,836,000 compared to net cash provided by operating activities of $123,000 a year ago. Purchases of property, plant and equipment was $64,244,000 compared to $53,659,000 a year ago. Adjusted EBITDA was $112,901,000 compared to $62,215,000 a year ago. Total net debt was $1,149.6 million.

Summit Materials, LLC, Q3 2014 Earnings Call, Nov 06, 2014

Summit Materials, LLC, Q3 2014 Earnings Call, Nov 06, 2014

Summit Materials Reportedly Mulls Listing

Summit Materials, LLC, co-founded by The Blackstone Group L.P. (NYSE:BX) and Silverhawk Capital Partners, LLC is preparing for an initial public offering in 2014 valuing Summit Materials, LLC at about $2.5 billion, Bloomberg reported citing people with knowledge of the matter. The Goldman Sachs Group, Inc. (NYSE:GS) and Citigroup Inc. (NYSE:C) are understood to be appointed to manage the share sale. Representatives for The Blackstone Group L.P., The Goldman Sachs Group, Inc. and Citigroup Inc. declined to comment. Representatives for Silverhawk Capital Partners, LLC and Summit Materials, LLC didn’t immediately respond to requests for comment.

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