For the full year 2023, Summit is currently projecting Adjusted EBITDA of approximately $480 million to $520 million and expects 2023 capital expenditures of approximately $220 million to $240 million including greenfield projects.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SUM:
- Seaport starts Vulcan, Summit and Martin Marietta at Neutral, waiting for trough
- Summit Materials initiated with a Neutral at Seaport Global
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Summit Materials initiated with a Buy at Truist
- Summit Materials price target raised to $36 from $32.45 at Citi