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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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 (BECN) boosts its residential roofing and complementary product offerings in Nevada with the Silver State buyout.

Beacon (BECN) Expands in Nevada With Silver State Acquisition

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that it has acquired Silver State Building Materials, Inc. (“Silver State”) based in Gardnerville, Nevada. Silver State, a second-generation family business, has served the South Lake Tahoe and Reno market with residential roofing and complementary products for over thirty years. “Tourism and natural beauty continue to drive growth in this market. Our customers will appreciate the service model that Beacon offers, and our empl.

Beacon Acquires Silver State Building Materials

Beacon's (BECN) bolt-on acquisitions and focus on Ambition 2025 bode well. However, inflationary pressure and low residential demand are major concerns.

Beacon (BECN) Stock Rises 24.4% YTD: What's Driving Growth?

Beacon Roofing Supply, Inc. (NASDAQ:BECN ) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Binit Sanghvi – Vice President, Capital Markets and Treasurer Julian Francis – Chief Executive Officer Frank Lonegro – Chief Financial Officer Conference Call Participants Kathryn Thompson – Thompson Research Group Mike Dahl – RBC Marius Morar – Zelman and Associates Noah Merkousko – Stephens Maggie Grady – Jefferies Garik Shmois – Loop Capital Truman Patterson – Wolfe Research David MacGregor – Longbow Research Doug Wardlaw – JPMorgan Operator Good afternoon, ladies and gentlemen, and welcome to the Beacon First Quarter 2023 Earnings Call. My name is Bethany, and I will be your coordinator for today.

Beacon Roofing Supply, Inc. (BECN) Q1 2023 Earnings Call Transcript

Beacon's (BECN) first-quarter 2023 results reflect high contributions from the complementary product segment and Ambition 2025 initiation, partially offset by high costs and expenses.

Beacon's (BECN) Q1 Earnings Top, Revenues Miss, Stock Down

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”, “we”, “our”) announced results today for the first quarter ended March 31, 2023. “Record first quarter net sales demonstrated the strength of our business model and the multiple levers of growth we laid out at our Investor Day last year,” said Julian Francis, Beacon's President & CEO. “Our growth and customer experience initiatives helped drive the 13th straight quarter of year-over-year sales improvement. We made strategi.

Beacon Reports First Quarter 2023 Results

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that it has opened a greenfield location in Gulfport, Mississippi. The Gulfport location services Gulfport, Biloxi and surrounding metropolitan area customers. “We are pleased to expand Beacon's footprint in this growing Mississippi Gulf Coast market,” commented Lynn France, Beacon's Regional Vice President, Southeast. “This new branch is stocked with leading brands of residential and commercial roofing and complementary produ.

Beacon Adds Mississippi Branch Supporting Residential and Commercial Contractors

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that it has opened a greenfield location in Longview, Texas. The Longview branch services the east Texas market supporting Gregg County customers. “We are pleased to expand Beacon's footprint in this growing corridor where Interstate 20 and U.S. highways 80 and 259 converge,” commented Peter Lippert, Beacon's Regional Vice President, Texas. “This new branch is stocked with leading brands of residential and commercial roofing a.

Beacon Adds Location to Support East Texas Contractors

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.

Analysts Estimate Beacon Roofing Supply (BECN) to Report a Decline in Earnings: What to Look Out for

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”) announced today that its earnings results for the quarter ended March 31, 2023 will be released after market close on Thursday, May 4, 2023. The Company will host a conference call and webcast to discuss its financial results at 5:00 p.m. Eastern Time that same day.

Beacon to Announce First Quarter 2023 Earnings on May 4, 2023

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The latest acquisitions are part of Beacon Roofing Supply's (BECN) drive to achieve Ambition 2025 growth targets.

Beacon (BECN) Expands With AI's & Prince Building Buyouts

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that it has completed two acquisitions, Al's Roofing Supply, Inc. (“Al's”) of Hayward, California, and Prince Building Systems, LLC (“Prince Building Systems”) of Neillsville, Wisconsin. Al's has over 40 years of history serving the San Francisco Bay Area, operating four branches in Hayward, Newark, San Carlos, and San Jose. “We are thrilled to announce that Al's is joining Beacon,” said Kevin Lewis, General Manager at Al's.

Beacon Announces Two Acquisitions: Al's Roofing Supply and Prince Building Systems

As one of the largest public companies, BECN has been in the business of the distribution of roofing materials and related services for over 90 years. Total net sales increased by close to 26% in 2022, with residential roofing products reporting 20% sales growth, and non-residential roofing products reporting close to 45% sales growth.

Beacon Roofing: New Ambition Strategy Could Trigger The Stock Price

Beacon's (BECN) recent acquisitions and focus on Ambition 2025 bode well. However, inflationary pressure is a major concern.

Beacon (BECN) Focuses on Ambition 2025 Amid Inflation Woes

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that it has opened a greenfield location in West Bend, Wisconsin. The West Bend branch services the greater Milwaukee market supporting Washington County customers. “We are pleased to expand Beacon's footprint which now covers the Milwaukee-Fox Valley corridor,” commented Larry Augello, Beacon's Regional Vice President, North Central.

Beacon Adds Location to Support Greater Milwaukee Contractors

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--In honor of International Women's Day, Beacon (Nasdaq: BECN) announced today the launch of its third annual North American Female Roofing Professional of the Year campaign recognizing the impact of women in the roofing industry across the U.S. and Canada.

Beacon Launches Third Annual Campaign Recognizing Female Roofing Professionals

Beacon Roofing jumped after mixed earnings and a $500 million buyback announcement. The post Building Stock Blows Roof Off Chart On Earnings, Share Buyback appeared first on Investor's Business Daily.

Building Stock Blows Roof Off Chart On Earnings, Share Buyback

Beacon's (BECN) fourth-quarter 2022 earnings hurt by increased inflation and incentive compensation.

Beacon's (BECN) Q4 Earnings & Revenues Miss, Margin Falls

Beacon Roofing Supply, Inc. (NASDAQ:BECN ) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET Company Participants Binit Sanghvi - Investor Relations Julian Francis - Chief Executive Officer Frank Lonegro - Chief Financial Officer Conference Call Participants Kathryn Thompson - Thompson Research Group Michael Dahl - RBC Ryan Merkel - William Blair Garik Shmois - Loop Capital Truman Patterson - Wolfe Research Philip Ng - Jefferies Keith Hughes - Truist Trey Grooms - Stephens David MacGregor - Longbow Research Ketan Mamtora - BMO Stanley Elliott - Stifel Doug Gordon - JPMorgan Operator Good afternoon, ladies and gentlemen and welcome to the Beacon Fourth Quarter and Full Year 2022 Earnings Conference Call. My name is Daniel, and I will be your coordinator for today.

Beacon Roofing Supply, Inc. (BECN) Q4 2022 Earnings Call Transcript

Beacon Roofing (BECN) delivered earnings and revenue surprises of -2.48% and 0.63%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Beacon Roofing Supply (BECN) Lags Q4 Earnings and Revenue Estimates

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”, “we”, “our”) announced results today for the fourth quarter and full year ended December 31, 2022 (“2022”). “We finished the year with strong results including the highest fourth quarter and full year sales, net income and Adjusted EBITDA in Beacon's history,” said Julian Francis, Beacon's President & CEO.

Beacon Reports Fourth Quarter and Full Year 2022 Results

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”) announced today that Racquel Harris Mason has been appointed to its Board of Directors effective March 16, 2023. Ms. Mason, age 53, currently serves as a member of the board of directors of NeilsenIQ, a leading consumer intelligence company. She previously served as Executive Vice President and Chief Marketing Officer at Elanco Animal Health Incorporated, a provider of animal health products and services. Prior to that, Ms.

Beacon Appoints Racquel Harris Mason to Its Board of Directors

HERNDON, Va.--( BUSINESS WIRE )--Beacon (Nasdaq: BECN) (the “Company”) announced today that its earnings results for the quarter and full year ended December 31, 2022 will be released after market close on Thursday, February 23, 2023. 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 below link. Details for the earnings release event are as follows:

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