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Summit Materials (DE:7SU)
FRANKFURT:7SU
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.4Last Year’s EPS
0.3Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 24.40%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
Despite significant weather-related challenges and a cautious outlook on private end markets, Summit Materials reported strong financial performance, strategic progress, and effective pricing strategies. The company is well-positioned for continued growth and margin improvement, suggesting a positive outlook moving forward.Company Guidance
During the Summit Materials Q3 2024 earnings call, guidance highlighted several key metrics and strategic initiatives. The company aims for adjusted EBITDA margins of 24% for the year, reflecting a robust performance despite weather-related challenges, which impacted EBITDA by approximately $20 million. Summit revised its 2024 adjusted EBITDA guidance to a range of $970 million to $1 billion, marking a 7% annual growth at the midpoint. The company expects aggregates pricing to achieve double-digit growth, while cement pricing is anticipated to rise in the mid-single digits. Capital expenditures are projected to align at $400 million, with net leverage reduced to 2.2x. Looking ahead to 2025, Summit anticipates adjusted EBITDA margins to fall within the 25% to 27% range, driven by operational efficiencies, synergy realizations, and strategic pricing initiatives.Record-Breaking EBITDA Margins
Summit Materials achieved a quarterly adjusted EBITDA margin of 28.3% and a trailing 12-month EBITDA margin of 24.3%, setting records for the company.
Strategic Progress and Portfolio Optimization
Summit completed four dispositions and added two bolt-ons to strengthen market positions in Phoenix and expand the Aggs portfolio, enhancing liquidity and growth potential.
Successful Pricing Strategy
The company's value pricing strategy led to double-digit pricing gains in aggregates and mid-single-digit organic pricing gains in cement, contributing to sustainable margin growth.
Reduction in Net Leverage
Net leverage decreased to 2.2x from 2.5x in the previous quarter, enhancing financial flexibility for future capital allocation priorities.
Strong October Performance
Summit reported a strong performance across all lines of business in October, suggesting positive momentum into Q4.
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DE:7SU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:7SU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | €41.80 | €42.00 | +0.48% |
| Aug 05, 2024 | €33.60 | €33.20 | -1.19% |
| Feb 14, 2024 | €34.00 | €37.00 | +8.82% |
| Nov 01, 2023 | €30.60 | €31.40 | +2.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Summit Materials (DE:7SU) report earnings?
Summit Materials (DE:7SU) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Summit Materials (DE:7SU) earnings time?
Summit Materials (DE:7SU) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Summit Materials stock?
The P/E ratio of Summit Materials is N/A.
What is DE:7SU EPS forecast?
DE:7SU EPS forecast for the fiscal quarter 2024 (Q4) is 0.4.
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