Beacon Roofing Supply

Beacon Roofing Supply, Inc. engages in the distribution of residential and non-residential roofing materials. It also distributes complementary building products including siding, windows, specialty exterior building products, insulation, and waterproofing systems for building exteriors. The company was founded on August 22, 1997 and is headquartered in Herndon, VA.

Earnings data Q2 2021

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Earnings data Q3 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Beacon Roofing Supply (BECN) reports record sales and outlines growth strategies

Beacon Roofing Supply (BECN) delivered strong performance in Q4 2022, with record sales and increased profitability. The company's focus on maintaining price discipline and productivity is evident in its financial results.
While facing challenges such as lower volumes and margin pressure in 2023, Beacon Roofing Supply (BECN) remains optimistic about opportunities in M&A, revenue growth initiatives, and a positive market environment.
Overall, Beacon Roofing Supply (BECN) is strategically positioned to navigate challenges, capitalize on opportunities, and achieve its Ambition 2025 targets of significant sales growth and EBITDA delivery.

Beacon Roofing Supply (BECN) reports record Q1 performance amidst market challenges

Beacon Roofing Supply (BECN) delivered a strong performance in Q1 2023 with record sales and cash flow, despite challenges in residential and nonresidential roofing sales. The company's strategic initiatives and focus on safety, customer experience, and growth position it well for future opportunities in a stable pricing environment. Challenges such as margin impact from inventory cycling will need to be managed.

Beacon Roofing Supply posts record sales, eyes growth opportunities

Beacon Roofing Supply reported strong Q2 performance with record sales and improved cash flow. The company raised full-year guidance, focusing on growth initiatives and cost efficiency. Challenges include storm impacts and supply chain disruptions, while opportunities exist in market dynamics and industry trends.

Beacon Roofing Supply reports record Q3 earnings, eyes growth opportunities

Beacon Roofing Supply's Q3 performance exceeded expectations with strong sales growth and margin improvement. Strategic acquisitions and shareholder returns showcase financial discipline and growth focus. Challenges in supply chain and inventory management require continued attention for sustained success.
The company's focus on culture, growth, and margins positions it well for future opportunities. Digital sales growth, private label strategies, and continued execution in challenging environments offer avenues for further growth.

Beacon Roofing Supply achieves record Q4 performance and targets growth

Beacon Roofing Supply delivered a stellar performance in Q4 2023, achieving record sales and EBITDA, driven by organic growth and acquisitions.
The company's focus on operational efficiency, shareholder returns, and customer-centric strategies positions it well for sustained growth.
Challenges lie in maintaining growth momentum amidst market uncertainties and effectively implementing the new pricing model for margin improvements.
Opportunities abound in market expansion, data-driven decision-making, and strategic initiatives to drive profitability and market share.

Beacon Roofing Supply reports strong Q1 sales growth and eyes margin expansion through acquisitions

Beacon Roofing Supply's Q1 performance showed strong sales growth but faced challenges with operational expenses and negative cash flow. Strategic initiatives and a focus on acquisitions present opportunities for margin improvement and growth. The company remains optimistic about demand outlook and EBITDA growth potential.

Beacon Roofing Supply (BECN) reports record sales and digital growth

Beacon Roofing Supply's Q2 2024 performance reflects resilience and growth momentum, driven by strategic acquisitions, digital sales expansion, and operational efficiency.
While facing challenges in managing margins and operational adjustments, the company's strengths in market focus, digital innovation, and strategic vision position it well for future opportunities.
With a clear focus on building a winning culture and creating shareholder value, Beacon is poised to navigate challenges, capitalize on opportunities, and drive sustained growth in the roofing supply market.

Beacon Roofing Supply (BECN) reports record Q3 performance and growth opportunities

Beacon Roofing Supply (BECN) delivered strong Q3 results with record top-line performance and a focus on customer experience and growth under the Ambition 2025 plan.
While facing challenges in managing operating expenses and debt levels, Beacon's strategic acquisitions, solid cash flow, and growth in private label sales position it well for future success.
Opportunities lie in further acquisitions, branch expansions, and product diversification, supported by investments in organic growth and facility upgrades.
Navigating market dynamics and setting clear long-term goals will be crucial for Beacon to sustain its growth trajectory and competitive edge in the industry.

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BECN's third-quarter 2024 results reflect notable non-discretionary repair and re-roofing demand amid high costs and expenses.

Beacon Q3 Earnings & Sales Miss, '24 Adjusted EBITDA View Down

Beacon Roofing Supply, Inc. (NASDAQ:BECN ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Binit Sanghvi - Vice President of Capital Markets and Treasurer Julian Francis - President and Chief Executive Officer Prithvi Gandhi - Chief Financial Officer Conference Call Participants Philip Ng - Jefferies Group LLC Brian Biros - Thompson Research Group Ryan Merkel - William Blair & Company Ketan Mamtora - BMO Capital Markets Michael Rehaut - JPMorgan Chase & Co. Michael Dahl - RBC Capital Markets David Manthey - Robert W. Baird & Co. Garik Shmois - Loop Capital Markets David MacGregor - Longbow Research Adam Baumgarten - Zelman & Associates LLC Operator Good morning, ladies and gentlemen, and welcome to the Beacon Third Quarter 2024 Earnings Call.

Beacon Roofing Supply, Inc. (BECN) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Beacon Roofing (BECN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Beacon Roofing (BECN) Q3 Earnings: A Look at Key Metrics

Beacon Roofing Supply (BECN) came out with quarterly earnings of $2.80 per share, missing the Zacks Consensus Estimate of $2.88 per share. This compares to earnings of $2.85 per share a year ago.

Beacon Roofing Supply (BECN) Q3 Earnings and Revenues Lag Estimates

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”, “we”, “our”), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing, and exterior products, announced results today for the third quarter ended September 30, 2024. “Beacon's third quarter results demonstrated the resilience of our business model and the team's strong execution on our Ambition 2025 initiatives,” said Julian Francis, Beacon's President & CEO. “We have, once again, shown tha.

Beacon Reports Third Quarter 2024 Results

Beacon Roofing (BECN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Beacon Roofing Supply (BECN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and related exterior products, announced today a partnership with GAF to provide its customers access to now order GAF QuickMeasure™ reports from Beacon PRO+®, an industry-leading digital platform. Beacon's integration with GAF provides contractors with another option to take the guesswork out of the estimation process by ordering QuickMeasure reports to.

Beacon Partners With GAF to Add Ecommerce Feature

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”) announced today that its earnings results for the quarter ended September 30, 2024 will be released after market close on Wednesday, October 30, 2024. The Company will host a conference call and webcast to discuss its financial results at 8:30 a.m. Eastern Time on October 31, 2024. Analysts, investors and interested parties are invited to register and listen to the earnings call and view accompanying slides on the Company's we.

Beacon to Release Third Quarter 2024 Earnings on October 30, 2024

Beacon Roofing Supply has been aggressively buying back shares since early 2022, returning $1.5 billion to shareholders, indicating strong capital allocation. The company has shown significant growth with a 10-year CAGR of 15.1% in revenue and 28.9% in free cash flow. Despite strong historical growth rates, the market is pricing in only 11% annual EPS growth, suggesting the stock is undervalued.

Beacon Roofing Supply: Stock Cannibal In The Making

BECN stock is set to benefit from four branch openings across the United States. This move affirms its focus on achieving the Ambition 2025 goals.

Beacon on Expansion Spree, Opens Branches in Four Locations

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, announced today that it has opened new locations in Pelham, Alabama, Queen Creek, Arizona, Port St. Lucie, Florida and Bellingham, Washington. The new branch in Pelham, Alabama serves the Birmingham metro area. “This is our second location in the growing Birmingham market, chosen specifically to complement our existing branch. We a.

Beacon Expands Service With Four New Locations in Alabama, Arizona, Florida and Washington

Beacon Roofing Supply, Inc.‘s BECN shares have dropped 12.5% in the past six months against the Zacks Building Products - Retail industry's 6.3% growth, the broader Retail-Wholesale sector's 9.1% increase and the S&P 500's 9.6% rise. The company faces challenges from higher operating and acquisition-related expenses.

Beacon Roofing Drops 12% in Six Months: How to Play the Stock?

Beacon expands its market reach with the launch of its digital platform, Beacon PRO+, in the Canadian market.

BECN Expands in Canadian Market With Beacon PRO+ Digital Tool

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, announced today that it has launched its industry-leading digital platform, Beacon PRO+®, in Canada. Beacon PRO+ is a robust, no-cost digital tool that is used by thousands of U.S. roofing contractors to manage their business and sales process anywhere at any time. At the office or on-the-go, customers can find product descriptions.

Beacon Expands Digital Platform to Support Canadian Customers

The latest acquisition expands BECN's metal capabilities, boosting its stock growth potential.

Beacon Stock Set to Benefit From Chicago Metal Supply Acquisition

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and related exterior products, announced today that it has completed the acquisition of Chicago Metal Supply & Fabrication, Inc. (“Chicago Metal Supply”) located in Chicago's Hanson Park neighborhood. Founded in 2011, Chicago Metal Supply is a family-owned business, specializing in custom architectural sheet metal fabrication. With expertise spanning.

Beacon Announces Acquisition of Chicago Metal Supply & Fabrication

NEW YORK--(BUSINESS WIRE)--BTIG announced today that Mike Moen has joined the firm as a Managing Director in its Financial Sponsors Group in Investment Banking. Mr. Moen will work closely with existing banking and product teams to enhance BTIG's large-cap financial sponsor coverage. Additionally, he will support the Aerospace & Defense banking team, with a particular focus on national security. Mr. Moen brings more than 25 years of experience in M&A advisory, financial sponsors, and gov.

BTIG Welcomes Mike Moen to Strengthen Financial Sponsors and Aerospace and Defense Coverage

Fastenal

Home Depot

Lowe's

Tecnoglass

Tech initiatives and e-commerce growth boost the Building Products - Retail industry, but inflation, soft demand and lumber price deflation pose challenges. HD, LOW, FAST, BECN and TGLS look well-poised for growth.

5 Retail Building Products Stocks Ready to Gain From Industry Upswing

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (the “Company”) (Nasdaq: BECN) the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, announced today a partnership with the U.S. Army Partnership for Your Success (PaYS) Program to provide military service members with career pathways in the roofing industry following their military service. This alliance underscores Beacon's commitment to supporting Veterans and providing career opportunities to tho.

Beacon Joins Forces With U.S. Army to Create Career Opportunities for Veterans

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, is seeking nominations for its annual Beacon of Hope. This North American program has been expanded to award new roofs at no cost to 12 Veteran-owned homes and two community buildings that house organizations serving Veterans. Now in its sixth year, Beacon of Hope is part of Beacon's commitment to Building Better for its Communitie.

Beacon Expands Commitment to Veterans With Launch of 6th Annual Beacon of Hope

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and related exterior products, announced today that it has completed the acquisition of Passaic Metal and Building Supplies Co. and certain affiliated companies (“PAMPCO”) headquartered in Clifton, New Jersey. PAMPCO has five branches in New Jersey and one in upstate New York. PAMPCO's roots in metal, roofing and siding date back to 1911. “Four generatio.

Beacon Announces Acquisition of Passaic Metal and Building Supplies

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and related exterior products, announced today that it has completed the acquisition of SSR Roof Supply Ltd. (“SSR”). SSR operates two branches in the Vancouver, British Columbia market, with one branch in Burnaby and the other in Surrey. SSR has been serving residential and commercial contractors for over 30 years. “We are proud of our history as a fami.

Beacon Announces Acquisition of SSR Roof Supply

Solid demand, higher pricing and recent acquisitions drive Beacon Roofing's (BECN) second-quarter results.

Beacon (BECN) Q2 Earnings & Sales Miss Estimates, Shares Down

Beacon Roofing Supply, Inc. (NASDAQ:BECN ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Binit Sanghvi – Vice President-Capital Markets and Treasurer Julian Francis – Chief Executive Officer Prith Gandhi – Chief Financial Officer Conference Call Participants Michael Rehaut – JPMorgan Garik Shmois – Loop Capital Adam Baumgarten – Zelman & Associates David Manthey – Baird Mike Dahl – RBC Trey Grooms – Stephens Kathryn Thompson – Thompson Research Group Keith Hughes – Truist David MacGregor – Longbow Research Reuben Garner – Benchmark Company Operator Good evening, ladies and gentlemen, and welcome to the Beacon Second Quarter 2024 Earnings Call. My name is Elliot.

Beacon Roofing Supply, Inc. (BECN) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for Beacon Roofing (BECN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

News for Beacon Roofing Supply Stock (BECN)