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Summit Materials Inc SUM

Summit Materials, Inc. is a producer of aggregates and cement with vertically integrated operations that supply ready-mix concrete and asphalt in select markets. The Company’s West segment consists of its West and South regions, and includes operations in Texas, Utah, Arizona, Colorado, Idaho, Wyoming, Oklahoma, Arkansas and British Columbia, Canada. The West segment supplies aggregates, ready-mix concrete, asphalt paving mix and paving and related services. Its East segment consists of its East and Central regions and serves markets extending across the Midwestern and Eastern United States, notably in Kansas, Missouri, Virginia, Florida, North Carolina, South Carolina, Georgia, and Nebraska where it supplies aggregates, ready-mix concrete, asphalt paving mix and paving and related services. Its Cement segment consists of its Hannibal, Missouri and Davenport, Iowa cement plants and nine distribution terminals along the Mississippi River from Minnesota to Louisiana.


NYSE:SUM - Post by User

Bullboard Posts
Comment by elmothefearlesson Aug 06, 2014 12:39pm
205 Views
Post# 22814003

RE:Great Q2 results!

RE:Great Q2 results!What an impressive quarter.  We have about $60 million cash on hand net of payables.  At today's share price, our enterprise value is about $300 million.  We've generated about $11 million in cash flow for the 6 months ended June 30, assuming the final two quarters come in somewhat similar to Q2 we should finish with cash flow for 2014 of about $20 million.  At a $300 million EV, that puts us trading at about 15x cash flow .. cheap for a company growing at 20% a year!  Not to mention we have some serious capital on hand for further acquisitions.  I was worried growth might be slowing down but these two latest quarters have set my mind at ease.
Bullboard Posts