US: Summit Materials recorded a profit of US$59.1m in 2019, up by 74% from US$33.9m in 2018. Summit Materials’ CEO Tom Hill attributed the growth to ‘sustained public sector demand coupled with improved pricing.’ The Colorado-based construction materials company’s cement section contributed sales growth of 3.5% year-on-year to US$291m from US$281m in 2018, with a 2.8% in cement volumes and a 1.7% price increase.
Summit Materials raises 2019 profit by 74% year-on-year
URL: https://globalcement.com/news/item/10420-summit-materials-raises-2019-profit-by-74-year-on-year
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