Part I. Financial Information (unaudited) [Condensed Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements) The company's financial statements reflect the divestiture of its Interior Products business and strong growth in continuing operations [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Total assets and liabilities decreased significantly following the Interior Products divestiture and subsequent debt repayment Consolidated Balance Sheet Highlights (in millions) | Account | June 30, 2021 | Sept 30, 2020 | June 30, 2020 | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Cash and cash equivalents | $188.9 | $624.6 | $1,018.4 | | Inventories, net | $1,170.7 | $871.4 | $874.2 | | Total current assets | $2,679.5 | $2,976.8 | $3,265.7 | | Goodwill | $1,761.7 | $1,756.1 | $1,755.5 | | Assets held for sale | — | $1,364.3 | $1,363.1 | | **Total assets** | **$5,599.3** | **$6,957.5** | **$7,279.9** | | **Liabilities & Equity** | | | | | Total current liabilities | $1,620.9 | $1,631.2 | $1,451.4 | | Long-term debt, net | $1,616.1 | $2,494.2 | $2,494.5 | | **Total liabilities** | **$3,561.7** | **$4,797.4** | **$5,194.0** | | **Total stockholders' equity** | **$1,638.4** | **$1,760.9** | **$1,686.7** | [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Continuing operations show strong year-over-year growth in net sales and a return to profitability for Q3 and the nine-month period Statement of Operations Summary (in millions) | Metric | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Nine Months Ended June 30, 2021 | Nine Months Ended June 30, 2020 | | :--- | :--- | :--- | :--- | :--- | | Net sales | $1,872.1 | $1,549.3 | $4,766.6 | $4,161.7 | | Gross profit | $517.4 | $368.7 | $1,249.9 | $979.2 | | Income (loss) from operations | $180.8 | $75.2 | $298.7 | $(81.4) | | Net income (loss) from continuing operations | $79.8 | $(4.1) | $116.7 | $(149.5) | | Net income (loss) from discontinued operations | $(3.3) | $(2.6) | $(267.0) | $(3.3) | | Net income (loss) | $76.5 | $(6.7) | $(150.3) | $(152.8) | | Diluted net income (loss) per share | $0.87 | $(0.18) | $(2.38) | $(2.48) | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash from investing activities was positive due to the business sale, while operating and financing activities used cash Cash Flow Summary (in millions) | Activity | Nine Months Ended June 30, 2021 | Nine Months Ended June 30, 2020 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $(20.4) | $250.4 | | Net cash provided by (used in) investing activities | $793.1 | $(23.7) | | Net cash provided by (used in) financing activities | $(1,207.4) | $719.6 | | **Net increase (decrease) in cash** | **$(435.7)** | **$946.1** | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the Interior Products divestiture, a pre-tax loss on the sale, product line sales, and debt refinancing activities - On February 10, 2021, the Company completed the sale of its Interior Products business to FBM for approximately **$850 million in cash**, with these operations now reflected as discontinued[16](index=16&type=chunk)[29](index=29&type=chunk) - The divestiture of Interior Products resulted in a **pre-tax loss on sale of $362.0 million** for the nine months ended June 30, 2021, primarily due to the allocation of $730.9 million of consolidated goodwill to the sold component[31](index=31&type=chunk) Net Sales by Product Line (Nine Months Ended June 30, in millions) | Product Line | 2021 | 2020 | | :--- | :--- | :--- | | Residential roofing products | $2,521.3 | $2,114.6 | | Non-residential roofing products | $1,214.9 | $1,174.0 | | Complementary building products | $1,030.4 | $873.1 | | **Total net sales** | **$4,766.6** | **$4,161.7** | - In May 2021, the company executed a major debt refinancing, issuing **$350.0 million of 4.125% Senior Notes due 2029** and a new **$1.0 billion Term Loan due 2028**, using the proceeds to redeem higher-cost debt, resulting in a $50.7 million loss on debt extinguishment[58](index=58&type=chunk)[59](index=59&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=22&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management analyzes strong sales growth, margin expansion, and liquidity following the strategic divestiture of Interior Products [Overview](index=22&type=section&id=Overview) Beacon is the largest publicly traded distributor of roofing and complementary building products in North America - The company is the largest publicly traded distributor of roofing materials and complementary building products in the U.S. and Canada, with **445 branches** as of June 30, 2021[99](index=99&type=chunk)[102](index=102&type=chunk) - Completed the sale of the Interior Products business on February 10, 2021, to **reduce net leverage** and focus on strategic growth in the core exteriors business[100](index=100&type=chunk) - The company's primary focus is on organic growth and operational improvements, highlighted by a **20.8% organic daily sales growth in Q3 2021** and the opening of seven new branches since the start of fiscal 2020[108](index=108&type=chunk) [Comparison of the Three Months Ended June 30, 2021 and 2020](index=24&type=section&id=Comparison%20of%20the%20Three%20Months%20Ended%20June%2030%2C%202021%20and%202020) Q3 2021 net sales grew 20.8% and gross margin expanded by 3.8 percentage points, driving a significant increase in operating income Q3 2021 vs. Q3 2020 Performance (in millions) | Metric | Q3 2021 | Q3 2020 | Change (%) | | :--- | :--- | :--- | :--- | | Net Sales | $1,872.1 | $1,549.3 | +20.8% | | Gross Profit | $517.4 | $368.7 | +40.3% | | Gross Margin | 27.6% | 23.8% | +3.8 p.p. | | Operating Expense | $336.6 | $293.5 | +14.7% | | Income from Operations | $180.8 | $75.2 | +140.4% | - The increase in gross margin was driven by a weighted-average **selling price increase of 10-11%**, which was partially offset by a product cost increase of 6-7%[116](index=116&type=chunk) [Comparison of the Nine Months Ended June 30, 2021 and 2020](index=27&type=section&id=Comparison%20of%20the%20Nine%20Months%20Ended%20June%2030%2C%202021%20and%202020) Nine-month net sales rose 14.5% and operating expenses decreased, reversing an operating loss from the prior year Nine-Month 2021 vs. 2020 Performance (in millions) | Metric | Nine Months 2021 | Nine Months 2020 | Change (%) | | :--- | :--- | :--- | :--- | | Net Sales | $4,766.6 | $4,161.7 | +14.5% | | Gross Profit | $1,249.9 | $979.2 | +27.6% | | Gross Margin | 26.2% | 23.5% | +2.7 p.p. | | Operating Expense | $951.2 | $1,060.6 | -10.3% | | Income (loss) from Operations | $298.7 | $(81.4) | N/A | - The decrease in operating expense was mainly due to a **$153.4 million decrease in amortization**, as the prior year included $142.6 million in accelerated amortization from the write-off of certain trade names[132](index=132&type=chunk) [Non-GAAP Financial Measures](index=31&type=section&id=Non-GAAP%20Financial%20Measures) Adjusted EBITDA increased significantly for both the third quarter and nine-month period, reflecting improved underlying performance - The company uses non-GAAP measures to provide investors with a view of financial results unaffected by certain items not indicative of ongoing operating performance, such as acquisition costs, restructuring costs, and COVID-19 impacts[139](index=139&type=chunk)[140](index=140&type=chunk)[143](index=143&type=chunk) Adjusted EBITDA Reconciliation (in millions) | | Three Months Ended June 30 | Nine Months Ended June 30 | | :--- | :--- | :--- | :--- | :--- | | | **2021** | **2020** | **2021** | **2020** | | Net income (loss) from continuing operations | $79.8 | $(4.1) | $116.7 | $(149.5) | | Adjustments (Interest, Taxes, D&A, etc.) | $149.7 | $134.7 | $330.0 | $379.0 | | **Adjusted EBITDA** | **$229.5** | **$130.6** | **$446.7** | **$229.5** | | **Adjusted EBITDA as % of net sales** | **12.3%** | **8.4%** | **9.4%** | **5.5%** | [Liquidity and Capital Resources](index=35&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains a strong liquidity position with significant available borrowings and has reduced its borrowing costs through refinancing - Principal sources of liquidity as of June 30, 2021, were **$188.9 million in cash** and **$1.28 billion in available borrowings** under revolving credit lines[159](index=159&type=chunk) Cash Flow Summary (Nine Months Ended June 30, in millions) | Activity | 2021 | 2020 | | :--- | :--- | :--- | | Net cash from operating activities | $(20.4) | $250.4 | | Net cash from investing activities | $793.1 | $(23.7) | | Net cash from financing activities | $(1,207.4) | $719.6 | - The May 2021 debt refinancing reduced the weighted-average interest rate on outstanding debt to **3.26%** as of June 30, 2021, down from 4.21% as of March 31, 2021[167](index=167&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=36&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) There have been no material changes to the company's market risk disclosures since the prior fiscal year-end - There were **no material changes** in market risk disclosures during the three or nine-month periods ended June 30, 2021, compared to the fiscal year 2020 Form 10-K[169](index=169&type=chunk) [Controls and Procedures](index=36&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal controls - Management concluded that as of June 30, 2021, the company's **disclosure controls and procedures were effective**[170](index=170&type=chunk) - **No material changes** to internal control over financial reporting occurred during the quarter ended June 30, 2021, and the sale of the Interior Products business did not result in significant changes to internal controls[171](index=171&type=chunk) Part II. Other Information [Risk Factors](index=38&type=section&id=Item%201A.%20Risk%20Factors) The company expands on previously disclosed risks, emphasizing increased cybersecurity threats to its critical IT systems - The company has expanded its disclosure on risks related to **information technology systems**, noting their critical importance for operations, including inventory management, sales, and accounting[175](index=175&type=chunk) - IT systems are vulnerable to various threats, including natural disasters, power outages, employee error, and deliberate **cyber-attacks** like ransomware and denial-of-service attacks[176](index=176&type=chunk) - A successful cybersecurity attack could result in business disruption, theft of confidential data, liability for stolen information, increased costs, and **harm to the company's reputation and financial results**[177](index=177&type=chunk) [Exhibits](index=39&type=section&id=Item%206.%20Exhibits) This section lists key legal agreements and required certifications filed as exhibits with the Form 10-Q - Lists key agreements filed as exhibits, including the **Indenture for the 2029 Senior Notes**, the Amended Term Loan Credit Agreement, and the Amended ABL Credit Agreement[180](index=180&type=chunk) - Includes required **CEO and CFO certifications** (Rule 13a-14(a) and Section 1350) and interactive data files (iXBRL) for the financial statements[181](index=181&type=chunk) Signatures

BEACON 2021 2ND QUARTER EARNINGS CALL MAY 6, 2021 DISCLOSURE NOTICE This presentation contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forwardlooking statements as a result of various important factors, including, but not limited to, those set fo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number 000-50924 BEACON ROOFING SUPPLY, INC. (Exact name of registrant as specified in its charter) Delaware 36-4173371 (State or other jurisdicti ...

FEBRUARY 2021 INVESTOR PRESENTATION DISCLOSURE NOTICE This presentation contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, those set forth in the "R ...

T BEACON 2021 1ST QUARTER EARNINGS CALL FEBRUARY 8, 2021 DISCLOSURE NOTICE This presentation contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forwardlooking statements as a result of various important factors, including, but not limited to, those ...

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Q1 2021 Results Earnings Conference Call February 8, 2021 5:00 PM ET Company Participants Julian Francis - President, CEO Frank Lonegro - EVP & CFO Conference Call Participants Garik Shmois - Loop Capital Phil Ng - Jefferies Kevin Hocevar - Northcoast Research Partners Ryan Merkel - William Blair Ketan Mamtora - BMO Capital Markets David Manthey - Baird Keith Hughes - Truist Kathryn Thompson - TRG Mike Dahl - RBC Capital Markets David MacGregor - Longbow Elad Hillma ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the Fiscal Year Ended September 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from ________ to ________ Commission File Number 000-50924 BEACON ROOFING SUPPLY, INC. (Exact name of registrant as specified in its charter) Delaware 36-4173371 State or other ...

BEACON 2020 4TH QUARTER EARNINGS CALL NOVEMBER 19, 2020 DISCLOSURE NOTICE This presentation contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, those ...

Financial Data and Key Metrics Changes - The company reported record operating cash flow of over $400 million for the third quarter, significantly improving its cash generation capabilities during the crisis [14][47] - Adjusted operating expenses decreased by $33 million year-over-year, with adjusted OpEx to sales improving to 17.1% from 17.6% in the prior year [19][37] - Adjusted EBITDA margins remained flat at 8.2% year-over-year, which is notable given the sales decline [20][34] Business Line Data and Key Metrics Changes - The company experienced a year-over-year sales decline attributed to the COVID-19 environment, with gross margins declining by 45 basis points year-over-year but increasing by over 60 basis points sequentially [18][36] - The Northeast, Canada, and West regions saw sales declines in the low to high teens, while other regions only experienced a 1% quarterly decline [24] Market Data and Key Metrics Changes - Sales improved in May and June as construction restrictions were relaxed, with low single-digit sales increases in areas not facing restrictions [23] - The company noted that geography, rather than product line, was the most significant factor in demand during the quarter [22] Company Strategy and Development Direction - The company emphasized its commitment to organic growth and digital transformation, transitioning its sales team to online and phone-based selling [15][28] - The company is focused on enhancing its operational efficiency through its on-time and complete (OTC) network, which has proven effective during the pandemic [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the resilience of the markets and the company's ability to adapt to the changing environment, despite ongoing challenges from COVID-19 [12][54] - The company anticipates a low single-digit year-over-year sales decline for Q4 2020, with expectations for seasonal demand favorability [54][55] Other Important Information - The company has signed the CEO Action for Diversity & Inclusion pledge, aiming to foster an inclusive workplace [11] - The company plans to pass on product price increases to customers due to rising input costs, which are expected to take effect soon [53] Q&A Session Summary Question: Thoughts on decremental margins moving forward - Management indicated that the previously anticipated range of 15% to 25% for decremental margins remains a benchmark, with Q3 performance exceeding expectations due to proactive cost management [59][60] Question: Free cash flow outlook for Q4 - Management expects good cash flow performance in Q4 but acknowledges it will be lower than the record $400 million in Q3, emphasizing continued focus on working capital management [62][63] Question: Sustainability of demand improvement - Management noted that while there is some pent-up demand, the overall macro environment remains a headwind, particularly in the commercial sector [66][70] Question: Gross margin expectations - Management expects slight sequential improvement in gross margins due to better demand and a favorable geographic mix, although the impact of recent price increases will be minimal in Q4 [71][73] Question: Impact of lower foot traffic on complementary product sales - Management reported that foot traffic has improved, and the company has adapted its operations to continue serving customers effectively [106][107] Question: Outlook for complementary product sales - Management indicated that complementary products are more exposed to new residential and commercial construction, which have been impacted by COVID-19 restrictions [89][90]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number 000-50924 BEACON ROOFING SUPPLY, INC. (Exact name of registrant ...