Summit’s EBITDA Continues to Grow Organically and Through Acquisitions, but Shares Fairly Valued
Despite the adverse impact of hurricanes Harvey and Irma in the second half of 2017, Summit still reported solid full-year results, with revenue growing nearly 18% year over year to $1.8 billion and adjusted EBITDA rising 17% to $436 million. Rising demand supported organic volume growth of 3.4% for aggregates and 5.8% for cement, and should allow for mid-single-digit pricing increases in the coming year. Companywide adjusted EBITDA margin was largely unchanged at 25%, largely due to product mix...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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