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Summit Materials: Q1 Earnings Snapshot

May 4, 2022 GMT

DENVER (AP) _ Summit Materials Inc. (SUM) on Wednesday reported a loss of $34.3 million in its first quarter.

On a per-share basis, the Denver-based company said it had a loss of 29 cents. Losses, adjusted for non-recurring gains, were 41 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 40 cents per share.

The construction materials producer posted revenue of $420.9 million in the period. Its adjusted revenue was $392.5 million, which also missed Street forecasts. Three analysts surveyed by Zacks expected $420 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SUM at https://www.zacks.com/ap/SUM