Summit Materials LLC (SUM) 2019年年度报告「NYSE」.pdf

1、2019 was a year of substantial progress and improved financial performance at Summit Materials.When I wrote to you last year,we were at the end of a chal-lenging period for our company.At that time,I reiter-ated the Boards focus on supporting and advancing Summits strategic objective to become a pre

2、mier ver-tically integrated heavy-side materials company,and the Boards commitment to working alongside man-agement to improve performance and drive earnings and revenue growth.As a result of this focus and execution,Summit achieved much improved financial performance in 2019,includ-ing volume and p

3、rice growth across all lines of busi-ness.The Aggregates business delivered outstanding performance,the Products busi-ness showed marked improve-ment,and our Cement business demonstrated resilience despite unprecedented flooding on the Mississippi River in the first half of the year.We are pleased w

4、ith the positive momentum of each of our businesses,and the con-tinued value we are providing to Summits customers and em-ployees.However,we are also mindful that the economy has been sig-nificantly challenged early in 2020 by the COVID-19 global pandemic and acknowledge the heightened uncertainty r

5、elated to the potential impacts of the virus on our future financial results.During this criti-cal time,we are committed first and foremost to the health and well-being of our employees,our custom-ers and the local communities where we operate.We will communicate additional market updates as more sp

6、ecific information becomes available.We remain focused on delivering sustainable,long-term value to all Summit stockholders.The Board of Directors remains actively engaged in the business,including by meeting monthly with management to discuss operations,capital structure and expenditures,and in its