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.

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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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Beacon Roofing Supply has grown to have 542 branches across the US and Canada, providing over 130,000 SKUs and serving almost 100,000 customers. Despite mixed financial performance, the stock has increased 67.6% in value, easily outperforming the S&P 500. BECN has ambitious plans for growth, including opening new facilities, increasing revenue from national accounts and acquisitions, and expanding digital channels.

Beacon Roofing Supply: Shares Deserve More Upside After Shooting Through The Roof

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the only publicly-traded specialty roofing distributor, announced today that it has opened new locations in Attleboro, Massachusetts and Mississauga, Ontario, Canada to increase service to residential and commercial roofing contractors. The new branch in Attleboro, Massachusetts adds residential and commercial roofing and complementary products and services in the Providence, Rhode Island metro and the southeastern Massachusetts markets. “We.

Beacon Expands Service In Providence and Toronto Markets

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that it has entered into an accelerated share repurchase agreement (“ASR”) with Citibank N.A to repurchase $225 million of Beacon's common stock. “Creating shareholder value is central to today's announcement to continue share repurchases under our previously announced and authorized program,” said Julian Francis, President & CEO of Beacon. “We continue to pursue our balanced capital allocation plan investing in growth and.

Beacon Announces Additional $225 Million Accelerated Share Repurchase Program

Solid demand, higher pricing and recent acquisitions aid Beacon Roofing (BECN) to post solid results in the first quarter.

Beacon (BECN) Q1 Earnings & Sales Beat, Shares Rise

Beacon Roofing Supply, Inc. (NASDAQ:BECN ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Binit Sanghvi - Vice President, Capital Markets and Treasurer Julian Francis - President and Chief Executive Officer Carmelo Carrubba - Interim Chief Financial Officer Prithvi Gandhi - Chief Financial Officer Conference Call Participants Brian Biros - Thompson Research Group Trey Grooms - Stephens Inc. Michael Rehaut - JPMorgan Chase & Co. Mike Dahl - RBC Capital Markets Reuben Garner - The Benchmark Company, LLC Ketan Mamtora - BMO Capital Markets Garik Shmois - Loop Capital Markets Adam Baumgarten - Zelman & Associates Stanley Elliott - Stifel Nicolaus & Co., Inc. Operator Ladies and gentlemen, thank you for your patience. Again, welcome to today's Beacon First Quarter 2024 Earnings Call.

Beacon Roofing Supply, Inc. (BECN) Q1 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 March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Beacon Roofing (BECN) Q1 Earnings

Beacon Roofing Supply (BECN) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.67 per share a year ago.

Beacon Roofing Supply (BECN) Q1 Earnings and Revenues Surpass Estimates

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”, “we”, “our”) announced results today for the first quarter ended March 31, 2024. “Our record first quarter sales demonstrates the resilience of our business model. We generated organic growth across all three lines of business while delivering better than expected margins,” said Julian Francis, Beacon's President & CEO. “Our Ambition 2025 initiatives, including our investments in both organic and inorganic growth contribut.

Beacon Reports First Quarter 2024 Results

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced the closing of the previously announced acquisition of Smalley & Company (“Smalley”), headquartered in Denver, CO. Smalley serves customers at eleven locations in Arizona, California, Colorado, Nevada, New Mexico, and Utah. “Since 1967, Smalley has been providing contractors, design professionals, and owners with tailored sealant and waterproofin.

Beacon Announces Acquisition of Smalley & Company, a Regional Specialty Waterproofing Distributor

Beacon Roofing (BECN) possesses 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) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today the appointment of Prithvi (Prith) Gandhi as Executive Vice President and Chief Financial Officer. Mr. Gandhi will join Beacon on May 1, 2024, and assume his role as Chief Financial Officer on or about May 6, 2024. Prior to joining Beacon, Mr. Gandhi was VP, Finance and Chief Financial Officer at TAMKO Building Products, a roofing products manufacturer and supplier for the last two years where he led initiatives that drove bus.

Beacon Appoints Prithvi Gandhi as Executive Vice President and Chief Financial Officer

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”) announced today that its earnings results for the quarter ended March 31, 2024 will be released after market close on Thursday, May 2, 2024. The Company will host a conference call and webcast to discuss its financial results at 5:00 p.m. Eastern Time that same day. Analysts, investors and interested parties are invited to register and listen to the earnings call and view accompanying slides on the Company's website at the bel.

Beacon to Announce First Quarter 2024 Earnings on May 2, 2024

Beacon's (BECN) latest announcement substantiates its commitment to making Ambition 2025 investments to drive growth and attain operational excellence.

Beacon (BECN) Buys General Siding Supply, Boosts Presence

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that it has completed the acquisition of General Siding Supply (“General Siding”) headquartered at its Omaha, NE branch, with four additional branches located in Lincoln, NE, Grand Island, NE, Sioux City, IA and West Fargo, ND. For nearly 50 years, General Siding has provided building supplies including siding, windows, and doors to Midwest contractors. “Beacon is a great place to work, and our employees are excited to join th.

Beacon Announces Acquisition of General Siding Supply

Beacon (BECN) fortifies its Ambition 2025 plan with new branch openings.

Beacon (BECN) Expands Footprint With New Branch Openings

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the only publicly traded specialty roofing distributor, announced today that it has opened new locations in Dieppe, New Brunswick, Canada and Spring Lake Park, Minnesota to serve residential and commercial roofing contractors. The new branch in Dieppe, New Brunswick will serve the Atlantic Canada region. “We are pleased to add service in our seventh Canadian province. Construction is on an upswing in this market due to population growth and.

Beacon Adds Service in Atlantic Canada and Minneapolis Markets

Beacon (BECN) to Acquire Denver Based Smalley & Company

Beacon Roofing (BECN) benefits from its focus on Ambition 2025 targets, cost-reduction initiatives, buyout synergies and strategic investments.

Beacon Roofing (BECN) Surges 71% in the Past Year: Here's Why

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced today that it signed a purchase agreement to acquire Smalley & Company, headquartered in Denver, CO with eleven locations in Colorado, Arizona, California, Nevada, New Mexico and Utah. Smalley is a privately held company, which is 100% owned by an Employee Stock Ownership Plan and Trust (“ESOP”). Closing the contemplated transaction requires a ma.

Beacon Announces Agreement to Purchase Smalley & Company, a Regional Specialty Waterproofing Distributor

Beacon Roofing (BECN) reported earnings 30 days ago. What's next for the stock?

Beacon Roofing (BECN) Up 12.8% Since Last Earnings Report: Can It Continue?

Beacon (BECN) expands its presence in Florida and Michigan with new branch openings and advances its Ambition 2025 plan.

Beacon (BECN) Boost Presence with Three New Branch Openings

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the only publicly traded specialty roofing distributor, announced today that it has opened new locations in Fort Myers, FL and Milton, FL and Saginaw, MI to serve residential and commercial roofing contractors. The new branch in Fort Myers, FL is on the south side of the city. “We are pleased to now have three branches serving the Cape Coral-Fort Myers metro area, including a location specializing in waterproofing products. This is a fast-gr.

Beacon Announces Three New Locations

Builders FirstSource

Fastenal

Home Depot

Lowe's

Retail Building Products industry players are poised to benefit from rising demand for Pro projects, digital initiatives and acquisitions. However, inflation, elevated costs and soft consumer demand act as headwinds.

5 Retail Building Products Stocks to Watch in a Bullish Industry

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--In honor of International Women's Day, Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced today the launch of its fourth annual North American Female Roofing Professional of the Year. This campaign celebrates women in the roofing industry across the U.S. and Canada by calling on the public at large to nominate a female roofing professional who has demonstrated excellence, a commitment to putting peop.

Beacon Launches Fourth Annual Campaign Recognizing Female Roofing Professionals

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the only publicly traded specialty distributor of roofing and complementary materials, announced today that it has awarded three supplier partners with awards for their service commitment in 2023. "We pride ourselves on providing the best products and service to our customers. Strong partnerships with all our exceptional suppliers allow us to jointly help contractors innovate and grow," said Jonathan Bennett, Beacon's Chief Commercial Office.

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