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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.78%. A quarter ago, it was expected that this roofing materials distributor would post earnings of $2.82 per share when it actually produced earnings of $2.32, delivering a surprise of -17.73%. Over the l ...

Exhibit 99.1 BEACON REPORTS THIRD QUARTER 2024 RESULTS • Record quarterly sales driven by execution on Ambition 2025 growth initiatives • Disciplined margin management and bottom quintile branch initiative resulted in solid net income and record Adjusted EBITDA • Invested in organic growth by opening four greenfield locations to enhance customer reach • Executed on value-creating acquisitions that are expected to contribute approximately $247 million of sales annually HERNDON, VA. — (BUSINESS WIRE) — Octobe ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Beacon Roofing Supply (BECN) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...

Beacon Roofing Supply, Inc (NASDAQ: BECN ) is a relatively unknown company that has had a fantastic run over the past few years when they started their new buyback program. This, along with outstanding My primary area of concentration will be on identifying companies of exceptional caliber, with a proven ability to reinvest capital for impressive returns. Targeting those with a market capitalization of less than $10 billion, affords ample opportunities for growth. The ideal scenario is for these companies t ...

Beacon Roofing Supply, Inc. (BECN) expanded its geographic footprint across the United States by opening branches at four locations. The branches were opened in Pelham, AL; Queen Creek, AZ; Port St. Lucie, FL, and Bellingham, WA. Expanding branch locations in new and existing markets, while simultaneously catering to customers' needs, is one of the goals under BECN's Ambition 2025 plan. BECN's Focus on Ambition 2025 Plan Beacon has been intently focusing on several strategic initiatives to drive its long-te ...

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. Also, softer demand in certain markets due to weather disruptions contributed to the overall performance decline. Image Source: Zacks Investment Research The roofing materials industry, close ...

Beacon Roofing Supply, Inc. (BECN) has expanded its market reach by launching its no-cost digital tool, Beacon PRO+, in Canada. Many U.S. roofing contractors use Beacon PRO+ to manage their business and sales process anywhere and anytime. This convenient tool allows customers to find optimized product descriptions and specifications for their area and order templates, thus enabling a complete and accurate order. Contractors in Canada can avail of the Beacon PRO+ in English and French, thereby enabling them ...

Beacon Roofing Supply, Inc. (BECN) , a leader in roofing and exterior products, has announced the acquisition of Chicago Metal Supply & Fabrication, Inc. This acquisition strengthens Beacon's position in the architectural metal fabrication market, adding valuable expertise and expanding its footprint in the North Central region. A Strategic Addition to Beacon's Portfolio Founded in 2011, Chicago Metal Supply is a family-owned business specializing in custom architectural sheet metal fabrication. With a focu ...

Participants in the Zacks Building Products – Retail industry are poised to benefit from technological initiatives to enhance the e-commerce experience. Companies are bolstering their digital ecosystems, offering superior online assortments and enhancing omni-channel capabilities. Industry players are also gaining from strategic acquisitions, supply-chain expansion and digital advancements. Ongoing innovation and growth in e-commerce are expected to support companies like The Home Depot Inc. (HD) , Lowe's C ...

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 EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 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 ...