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Summit Materials: Q1 Earnings Snapshot

By AP News - May 03, 2023, 06:18 PM ET

Last Updated - Jun 21, 2023, 11:10 PM EDT

DENVER (AP) — DENVER (AP) — Summit Materials Inc. (SUM) on Wednesday reported a loss of $30.8 million in its first quarter.

The Denver-based company said it had a loss of 26 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.

The construction materials producer posted revenue of $435.4 million in the period. Its adjusted revenue was $407.3 million, which also beat Street forecasts. Six analysts surveyed by Zacks expected $404.7 million.

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