4 - Summit Materials, Inc. (0001621563) (Issuer)

4 - Summit Materials, Inc. (0001621563) (Issuer)

4 - Summit Materials, Inc. (0001621563) (Issuer)

4 - Summit Materials, Inc. (0001621563) (Issuer)

4 - Summit Materials, Inc. (0001621563) (Issuer)

4 - Summit Materials, Inc. (0001621563) (Issuer)

4 - Summit Materials, Inc. (0001621563) (Issuer)

4 - Summit Materials, Inc. (0001621563) (Issuer)

4 - Summit Materials, Inc. (0001621563) (Issuer)

4 - Summit Materials, Inc. (0001621563) (Issuer)

DENVER, Jan. 9, 2025 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials" or the "Company"), a leading producer of aggregates and cement, today announced the expiration of the waiting period under the Competition Act (Canada), as amended, in connection with Summit's previously announced definitive agreement to be acquired by Quikrete Holdings, Inc. ("Quikrete" or the "Purchaser") for $52.50 per share in cash (the "Merger"). The Merger is expected to close within the first quarter of 2025, subject to the satisfaction of remaining customary closing con

DENVER, Jan. 7, 2025 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials" or the "Company"), a leading producer of aggregates and cement, today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with Summit's previously announced definitive agreement to be acquired by Quikrete Holdings, Inc. ("Quikrete" or the "Purchaser") for $52.50 per share in cash (the "Merger"). The Merger is expected to close within the first quarter of 2025, subject to the satisfaction of remaining custom

Compelling Premium Maximizes Value to Shareholders DENVER, Nov. 25, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM), ("Summit," "Summit Materials," "Summit Inc." or the "Company") a leading producer of aggregates and cement, today announced it has entered into a definitive agreement to be acquired by Quikrete Holdings, Inc. ("Quikrete") for $52.50 per share in cash, for a total enterprise value of approximately $11.5 billion, including debt. The transaction price represents an approximately 36% premium to Summit's unaffected 90-day volume weighted average price (VWAP)1 and an approximately 29% premium to Summit's unaffected share price2. The combination has been unanimously approved b

DENVER, Nov. 21, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company") today issued the following statement in response to media reports: "Summit previously disclosed receipt of a non-binding acquisition proposal and confirmed the Company has held initial discussions with the interested party. Summit does not plan to provide any updates with respect to this matter, except as required under applicable law." Morgan Stanley & Co. LLC and Evercore are acting as financial advisors to Summit, and Davis Polk & Wardwell L

Pricing Momentum Continues Sets ELEVATE Summit Record for Quality of Earnings Refining 2024 Guidance DENVER, Oct. 30, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading producer of aggregates and cement company, today announced results for the third quarter ended September 28, 2024. All comparisons are versus the quarter ended September 30, 2023 unless noted otherwise. Three months ended ($ in thousands, except per share amounts) September 28, 2024 September 30, 2023 % Chg vs. PY Net revenue $

DENVER, Oct. 24, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company") today disclosed that it has received a non-binding acquisition proposal. The Company has held initial discussions with the interested party, and, in consultation with its advisors, Summit's Board of Directors will carefully evaluate the proposal to determine the course of action it believes is in the best interests of the Company and its shareholders. There can be no assurance that any definitive agreement will be reached. Summit does not plan

DENVER, Oct. 15, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM, ", Summit", or the ", Company", ))), a leading vertically integrated construction materials company, today announced that it will release third quarter 2024 financial results after the market closes on Wednesday, October 30, 2024. A conference call will be held on Thursday, October 31, 2024, at 11:00 a.m. eastern time (9:00 a.m. mountain time) to review Summit's financial results, discuss recent events and conduct a question-and-answer session. A webcast of the third quarter results conference call and acc

CHATTANOOGA, Tenn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) ("Astec" or the "Company") today announced the appointment of Brian J. Harris as its Chief Financial Officer, effective immediately. In connection with the appointment of Mr. Harris, Heinrich Jonker will step down from his role as Interim Chief Financial Officer and will continue to serve as Vice President Finance – Infrastructure Solutions of the Company. Mr. Harris previously served as Executive Vice President and Chief Financial Officer of Summit Materials, Inc. (NYSE:SUM) ("Summit"), a leading producer of aggregates and cement, from October 2013 to February 2023. Prior to his role at Summit, Mr.

First global pre-commercial installation of FuelFlex technology will reduce Davenport's Fossil Fuel usage by 20%.  DENVER, Sept. 11, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading producer of aggregates and cement, has successfully reconfigured and expanded Davenport's Green America Recycling operations. Summit has completed the first global pre-commercial installation of the FLSmidth FUELFLEX™ Pyrolyzer system, which enhances the use of non-hazardous alternative fuels at its Davenport, Io

Argos USA Synergies On Track Sustained Aggregates Growth Reaffirming 2024 Guidance Range DENVER, Aug. 5, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM) ("Summit," "Summit Materials," "Summit Inc." or the "Company"), a market-leading producer of aggregates and cement company, today announced results for the second quarter ended June 29, 2024. All comparisons are versus the quarter ended July 1, 2023 unless noted otherwise. Three months ended ($ in thousands, except per share amounts) June 29, 2024 July 1, 2023 % Chg vs. PY Net revenue $ 1,075,471 $     680,373 58.1 % O

Jefferies downgraded Summit Materials from Buy to Hold and set a new price target of $52.50 from $58.00 previously

Barclays upgraded Summit Materials from Equal Weight to Overweight and set a new price target of $52.00 from $45.00 previously

RBC Capital Mkts upgraded Summit Materials from Sector Perform to Outperform and set a new price target of $53.00 from $45.00 previously

Morgan Stanley initiated coverage of Summit Materials with a rating of Overweight and set a new price target of $51.00

Wolfe Research upgraded Summit Materials from Peer Perform to Outperform and set a new price target of $49.00

JP Morgan resumed coverage of Summit Materials with a rating of Overweight and set a new price target of $47.00 from $40.00 previously

RBC Capital Mkts downgraded Summit Materials from Outperform to Sector Perform and set a new price target of $38.00 from $43.00 previously

Seaport Research Partners upgraded Summit Materials from Neutral to Buy and set a new price target of $47.00

Wolfe Research downgraded Summit Materials from Outperform to Peer Perform

Exane BNP Paribas downgraded Summit Materials from Outperform to Neutral and set a new price target of $38.00

Compelling Premium Maximizes Value to Shareholders DENVER, Nov. 25, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM), ("Summit," "Summit Materials," "Summit Inc." or the "Company") a leading producer of aggregates and cement, today announced it has entered into a definitive agreement to be acquired by Quikrete Holdings, Inc. ("Quikrete") for $52.50 per share in cash, for a total enterprise value of approximately $11.5 billion, including debt. The transaction price represents an approximately 36% premium to Summit's unaffected 90-day volume weighted average price (VWAP)1 and an approximately 29% premium to Summit's unaffected share price2. The combination has been unanimously approved b

CHATTANOOGA, Tenn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Astec Industries, Inc. (NASDAQ:ASTE) ("Astec" or the "Company") today announced the appointment of Brian J. Harris as its Chief Financial Officer, effective immediately. In connection with the appointment of Mr. Harris, Heinrich Jonker will step down from his role as Interim Chief Financial Officer and will continue to serve as Vice President Finance – Infrastructure Solutions of the Company. Mr. Harris previously served as Executive Vice President and Chief Financial Officer of Summit Materials, Inc. (NYSE:SUM) ("Summit"), a leading producer of aggregates and cement, from October 2013 to February 2023. Prior to his role at Summit, Mr.

DENVER, Jan. 17, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM, ", Summit", or the ", Company", ))) is pleased to announce the appointment of Jorge Mario Velasquez, Irene Moshouris, and Juan Esteban Calle to the Summit Materials Board of Directors, effective January 12, 2024. Following these appointments, and together with the retirement of John Murphy, the Board consists of 11 directors, 10 of whom are independent. "We are delighted to welcome an experienced and accomplished set of new board members to the Summit Materials board," said Howard Lance, chairman of Summit

DENVER, Jan. 9, 2024 /PRNewswire/ -- Summit Materials, Inc. (NYSE:SUM, ", Summit", or the ", Company", ))), a leading vertically integrated construction materials company, is pleased to announce the appointment of Marshall Moore as EVP, Chief Operations Officer effective January 4, 2024. Moore brings to this newly created role a 35-year track record of success in manufacturing and supply chain management, business process, operational excellence, product innovation, public affairs, strategy and business development. Prior to joining Summit, Moore served as Chief Technology Off

Summit Materials, Inc. (NYSE:SUM, "Summit" or the "Company"))), a leading vertically integrated construction materials company, is pleased to announce the appointment of Scott Anderson as its new Executive Vice President and Chief Financial Officer (CFO), effective March 1, 2023. Anderson brings to the role a wealth of experience in finance and operations, as well as a demonstrated commitment to the Summit strategy and the Company's mission, vision, and values. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230301005292/en/Scott Anderson, Chief Financial Officer (Photo: Business Wire) Scott has been an integral member of Summit's

Summit Materials, Inc. (NYSE:SUM, "Summit, " or the "Company"))), a leading vertically integrated construction materials company, has appointed Kekin Ghelani as the Company's first-ever Chief Strategy and Growth Officer. Kekin brings a wealth of experience in strategy, corporate development, marketing, branding, IT, and innovation. CEO of Summit Materials, Anne Noonan, commented, "Kekin's leadership, extensive M&A experience, and over 25 years leading growth and value creation in manufacturing industries will position him well to advance our Elevate Summit Strategy through this new role." Anne continued, "Kekin will help lead the charge as we pursue market leadership, further progress our

Summit Materials, Inc. (NYSE:SUM, "Summit, " or the "Company"))), a leading vertically integrated construction materials company, today announced two executive changes that are effective March 1, 2022. Tom Beck will become Executive Vice President, Summit Materials and David Loomes will assume the role of Continental Cement Company President and Senior Vice President of Summit Materials as part of the Company's planned and pro-active leadership succession. Beck is transitioning into the EVP role following 25 years of distinguished service at Continental Cement Company, LLC ("Continental" or "CCC"), including the last 9 as President. Loomes has 20+ years of industry experience and was most r

Summit Materials, Inc. (NYSE:SUM, "Summit" or the "Company"))), a leading vertically integrated construction materials company, today announced that its board of directors has appointed Tamla Oates-Forney as a new independent director and member of the board's Human Capital and Compensation Committee. With the appointment of Ms. Oates-Forney, Summit's board now comprises nine members. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210519005883/en/Tamla Oates-Forney, Director, Summit Materials, Inc. (Photo: Business Wire) Howard Lance, Chairman of Summit, stated, "I am delighted that Tamla has agreed to join the Summit board. She