Summit Materials Sees FY23 Capital Expenditures ~$240M-$260M
Portfolio Pulse from Benzinga Newsdesk
Summit Materials has projected its capital expenditures for FY23 to be around $240M-$260M.

August 04, 2023 | 12:25 pm
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Summit Materials has announced its expected capital expenditures for FY23 to be between $240M and $260M.
The announcement of capital expenditures for FY23 by Summit Materials is a direct indication of the company's investment plans. This could potentially impact the company's financial performance and hence its stock price. However, whether this will have a positive or negative impact is uncertain without additional context such as the company's historical capital expenditures, its current financial health, and the industry average.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100