USA's Summit Materials post Q3 results

The company records increase in net revenue

{reg}Colorado-based Summit Materials recorded a 22.4 percent increase in net revenue to USD 426 million as compared to USD 348 million in the same period a year earlier, reports Business Wire. The net revenue grew by 1.3 percent to USD 4.7 billion, as compared to the same period, a year earlier.

The gross profit increased by 46 percent to USD 159.5 million in the third quarter of 2015 as compared to USD 109.3 million in the prior year quarter. The operating income improved by 76 percent to USD 83.4 million.{/reg}