Summit Materials, Inc. (NYSE:SUM) will look for acquisitions. Anne Noonan, CEO said "Our overall progress is more evident when considering our Elevate Summit scorecard on Slide 5. For Summit stand-alone, at 2.1x net debt to EBITDA, we've effectively employed a disciplined and growth-oriented approach to capital allocation. And critically, on a pro forma basis, our net leverage remains well below the 3x target, which gives our balance sheet ample flexibility for further portfolio-enhancing acquisitions and to fully fund organic growth opportunities".
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 Companyâs 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.