Beacon Roofing Supply, Inc. (BECN) reported drab second-quarter 2024 results, with earnings and net sales missing the Zacks Consensus Estimate. While the company experienced a top-line increase, there was a decline in earnings per share (EPS) compared with the previous year's tally. However, BECN showcased consistent net sales growth over the last 14 quarters, underscoring the robustness of its business model. Despite disruptive weather events reducing the number of roofing days in the quarter, the company ...

| --- | --- | --- | --- | --- | |-------------------------------------|-------|-------|-------|-------| | | | | | | | 2024 Q2 2024 EARNINGS PRESENTATION | | | | | | AUGUST 1, 2024 | | | | | 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. In addition, oral statements made by ...

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Binit Sanghvi – Vice President-Capital Markets and Treasurer Julian Francis – Chief Executive Officer Prith Gandhi – Chief Financial Officer Conference Call Participants Michael Rehaut – JPMorgan Garik Shmois – Loop Capital Adam Baumgarten – Zelman & Associates David Manthey – Baird Mike Dahl – RBC Trey Grooms – Stephens Kathryn Thompson – Thompson Research Group Keith Hughes – Truist Da ...

Beacon Roofing Supply (BECN) reported $2.67 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 6.8%. EPS of $2.32 for the same period compares to $2.66 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.69 billion, representing a surprise of -0.62%. The company delivered an EPS surprise of -17.73%, with the consensus EPS estimate being $2.82. While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...

Beacon Roofing Supply (BECN) came out with quarterly earnings of $2.32 per share, missing the Zacks Consensus Estimate of $2.82 per share. This compares to earnings of $2.66 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -17.73%. A quarter ago, it was expected that this roofing materials distributor would post earnings of $0.35 per share when it actually produced earnings of $0.41, delivering a surprise of 17.14%. Over the l ...

Exhibit 99.1 BEACON REPORTS SECOND QUARTER 2024 RESULTS • Record quarterly sales driven by Ambition 2025 initiatives, including greenfields and acquisitions • Organic sales growth across all 3 lines of business led by strong non-residential reroofing demand • Acquired Smalley & Co., a leading waterproofing distributor in the West with 11 locations • Entered into an accelerated share repurchase agreement to return up to $225M to stockholders in 2024 HERNDON, VA. — (BUSINESS WIRE) — August 1, 2024 — Beacon (N ...

The market expects Beacon Roofing Supply (BECN) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 1, 2024, might help the stock move higher if these key num ...

Roofers Mart has been serving roofing contractors in the Los Angeles metro market for the past 40 years. Leveraging the market reach of Roofers Mart will enable Beacon to broaden its Los Angeles Beacon OTC Network service area. Beacon's Ambition 2025 Plan Ambition 2025 targets encompass Beacon's focus on expansion through bolt-on acquisitions and new branch locations. Year to date, the company has already made seven acquisitions, which aided its geographic footprint expansion and moved it toward achieving i ...

Extreme Metal has operated for over a decade with a team of craftspeople, estimators and operators, ensuring high-quality metal panel roofing systems. This acquisition will expand BECN's product offerings, providing customers with a broader range of roofing and complementary products, including waterproofing and restoration. The move expands BECN's residential and commercial roofing product catalog to include metal solutions. This will help meet the demands of Florida's contractors for durable and attractiv ...

In a bid to continue providing services to residential and commercial roofers, Beacon Roofing Supply, Inc. (BECN) opened a new location in Terrell, TX. Also, it has opened new locations in Everett and Spokane, WA, to support specialty waterproofing contractors. Shares of Beacon — the largest distributor of residential and non-residential roofing materials in the United States and Canada — rallied 17.5% against the Building Products - Retail industry's 3.1% decline so far this year. Beacon has undertaken sev ...