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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HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) is now accepting nominations for its annual Beacon of Hope, a North American program awarding Veterans new roofs. Now in its fifth year, Beacon of Hope is part of Beacon's commitment to its communities. The program is open to all military Veterans, to honor those who have gone above and beyond to serve. Together with local roofing companies, Beacon will deliver and facilitate a safe, durable roof for 10 winners at no cost to the Veteran. The.

Beacon Continues Dedication to Veterans With Launch of 5th Annual Beacon of Hope

Fastenal

Investors with an interest in Building Products - Retail stocks have likely encountered both Beacon Roofing Supply (BECN) and Fastenal (FAST). But which of these two stocks offers value investors a better bang for their buck right now?

BECN vs. FAST: Which Stock Should Value Investors Buy Now?

HERNDON, Va. , Aug. 8, 2023 /PRNewswire/ -- Beacon Roofing Supply, Inc. (NASDAQ: BECN) ("Beacon") announced today the pricing of the previously announced underwritten secondary public offering of 5 million shares of Beacon's common stock by CD&R Boulder Holdings, L.P.

Beacon Roofing Supply, Inc. Announces Pricing of Secondary Offering of 5 Million Shares of Common Stock

HERNDON, Va. , Aug. 7, 2023 /PRNewswire/ -- Beacon Roofing Supply, Inc. (NASDAQ: BECN) ("Beacon") announced today the commencement of an underwritten secondary public offering of 5 million shares of Beacon's common stock by CD&R Boulder Holdings, L.P.

Beacon Roofing Supply, Inc. Announces Secondary Offering of 5 Million Shares of Common Stock

Beacon Roofing Supply, Inc. (NASDAQ:BECN ) Q2 2023 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Binit Sanghvi - Head, IR Julian Francis - President and CEO Frank Lonegro - EVP and CFO Conference Call Participants Garik Shmois - Loop Capital Joe Ahlersmeyer - Deutsche Bank Ketan Mamtora - BMO Marius Morar - Zelman & Associates Truman Paterson - Wolf Research Philip Ng - Jeffries David MacGregor - Longbow Noah Merkousko - Stephens Kathryn Thompson - Thompson Research Group Operator Good afternoon ladies and gentlemen and welcome to the Beacon Second Quarter 2023 Earnings Call. My name is Sam and I'll be your coordinator for today.

Beacon Roofing Supply, Inc. (BECN) Q2 2023 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 June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Beacon Roofing (BECN) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Beacon's (BECN) second-quarter 2023 results benefit from strong residential demand and the Ambition 2025 initiation, partially offset by lower gross margin and higher operating expenses.

Beacon (BECN) Beats on Q2 Earnings & Revenues, Ups 2023 View

HERNDON, VA.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”, “we”, “our”) announced results today for the second quarter ended June 30, 2023. “Our team's focused execution on the Ambition 2025 growth initiatives drove record quarterly net sales, strong net income margin and double-digit Adjusted EBITDA margin,” said Julian Francis, Beacon's President & CEO. “We leveraged an improving residential market and our strategic investments in greenfields and acquisitions, including Coastal.

Beacon Reports Second Quarter 2023 Results

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that it has completed the acquisition of All American Vinyl Siding Supply, LLC (“All American”) of Tupelo, MS. “I am so pleased that our loyal customers will now be served by Beacon,” said Vic Chisholm, an owner of All American. “Beacon's broad range of residential and commercial exterior building products and relentless focus on helping contractors grow their businesses will be successful in the Tupelo market.” “We are thrill.

Beacon Announces Acquisition of All American Vinyl Siding Supply

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon Roofing Supply, Inc. (Nasdaq: BECN) (“Beacon,” the “Company”, “we,” “us” or “our”) announced today that it has closed its previously announced private offering (the “Offering”) of $600 million aggregate principal amount of its 6.500% senior secured notes due 2030 (the “Notes”). The Notes are fully and unconditionally guaranteed by the Company's subsidiary, Beacon Sales Acquisition, Inc. Immediately following the completion of the Offering on July 31, 2023,.

Beacon Announces Closing of $600 Million Senior Secured Notes Offering and Completes Repurchase of Series A Preferred Stock

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”) announced today that its earnings results for the quarter ended June 30, 2023 will be released after market close on Thursday, August 3, 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 b.

Beacon to Announce Second Quarter 2023 Earnings on August 3, 2023

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon Roofing Supply, Inc. (Nasdaq: BECN) (“Beacon”) announced today the pricing of $600 million aggregate principal amount of its 6.500% senior secured notes due 2030 (the “Notes”) in connection with its previously announced private offering. The size of the Notes offering has been upsized from $500 million to $600 million. The Notes will be fully and unconditionally guaranteed by Beacon Sales Acquisition, Inc. The initial offering price to investors will be 100.

Beacon Announces Pricing of Upsized $600 Million Senior Secured Notes Offering

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon Roofing Supply, Inc. (Nasdaq: BECN) (“Beacon”) announced today the commencement of a private offering of $500.0 million aggregate principal amount of senior secured notes due 2030 (the “Notes”). The Notes will be fully and unconditionally guaranteed by Beacon Sales Acquisition, Inc. The offering is subject to market and other conditions, and there is no assurance that the offering will be completed or, if completed, as to the terms on which it will be compl.

Beacon Announces $500 Million Senior Secured Notes Offering

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Beacon Roofing Supply (BECN) Right Now?

Beacon Roofing (BECN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Beacon Roofing Supply, Inc. (BECN) Soars to 52-Week High, Time to Cash Out?

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

Beacon (BECN) Expands in 5 Locations With Crossroads Buyout

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that it has completed the acquisition of Crossroads Roofing Supply, Inc. (“Crossroads”) of Oklahoma City, OK. Crossroads' five branches, located in Enid, Norman, Oklahoma City, Stillwater, and Tulsa, have been serving residential and commercial contractors for over 20 years. “We are pleased to announce that Crossroads is joining Beacon,” said Lisa and Mike Curtis, owners of Crossroads. “Beacon's relentless focus on its custome.

Beacon Announces Acquisition of Crossroads Roofing Supply

Beacon Roofing Supply Inc. BECN, -2.01% stock is up 0.8% in premarket trades Friday after the company said it plans to repurchase 400,000 shares of Series A preferred stock from private equity firm Clayton, Dubilier & Rice (CD&R) for $804.5 million plus accrued and unpaid dividends. The deal will reduce the company's diluted share count on an as-converted basis by 9.69 million shares and eliminate preferred dividends of $24 million per year, while simplifying the company's capital structure, the company said.

Beacon Roofing Supply to buy back about $805 million in stock from Clayton, Dubilier & Rice

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”, “we,” “us” or “our”) today announced that it has reached an agreement with Clayton, Dubilier & Rice, LLC ("CD&R") to repurchase all of the outstanding shares of its Series A Cumulative Convertible Participating Preferred Stock (the “Series A Preferred Stock”) held by CD&R's affiliate. Beacon is also announcing estimated preliminary results for the quarter ended June 30, 2023 and updating its full year 2023 outlook.

Beacon Announces Agreement to Repurchase All Outstanding Series A Cumulative Convertible Participating Preferred Stock

Beacon (BECN) expands its presence with new branches in Florida, Tennessee and Texas, serving contractors and lumberyards, propelling growth and aligning with Ambition 2025 goals.

Beacon's (BECN) Four Branch Openings Propel Ambition 2025 Goals

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that it has opened new locations in Ruskin, FL, Jackson, TN, Killeen, TX and Tyler, TX, serving residential and commercial contractors and lumberyards. The new branch in Ruskin, FL is in Hillsborough County, part of the greater Tampa-St. Petersburg-Clearwater market. “This location adds further service for customers in our Tampa Beacon OTC® network. We are pleased to open along the Interstate 75 corridor to optimize deliveries.

Beacon Announces Four New Locations

Beacon Roofing (BECN) unveils new locations in Lebanon, NH, Elyria, OH and Roanoke, VA.

Beacon (BECN) Opens Three New Branches, Expands Footprint

Beacon Roofing (BECN) unveils two new specialty waterproofing division branches in Florida.

Beacon Roofing (BECN) Expands Its Waterproofing Division

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today the next steps of expanding its specialty waterproofing division, following the acquisitions of Coastal Construction Products and Whitney Building Products in the fourth quarter of last year. A broader leadership team has been named and two new locations are now open. Specialty waterproofing was identified as a new platform for Beacon's growth, creating an unparalleled opportunity to leverage a nationwide footprint to better s.

Beacon Expands Waterproofing Division

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that Michelle Ly Hall, Operations Manager at Hall Roofing and Construction in Round Rock, Texas, is the winner of the 2023 North American Female Roofing Professional of the Year campaign, which highlights women in the roofing industry across the U.S. and Canada. Michelle assisted Erik Hall in founding Hall Roofing and Construction and provides guidance in all areas of the business: field sales, operations, production, HR, cust.

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