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Beacon (BECN) to Acquire Denver Based Smalley & Company
Zacks Investment Research· 2024-04-03 17:05
Beacon Roofing Supply, Inc. (BECN) inked a deal to acquire Denver, CO-based Smalley & Company.Smalley — a regional specialty waterproofing distributor — has been providing tailored sealant and waterproofing solutions to contractors, design professionals, and owners since 1967. In fact, it has become an industry leader through its dedication to being a vital link in the supply chain to contractors that perform a wide range of applications in the new construction and restoration markets. It has a presence in ...
Beacon Roofing (BECN) Surges 71% in the Past Year: Here's Why
Zacks Investment Research· 2024-04-02 16:11
Beacon Roofing Supply, Inc. (BECN) shares have surged 70.8% in the past year, outperforming the Zacks Building Products - Retail industry’s 24.9% growth.This distributor of residential and non-residential roofing materials, and complementary building products is benefiting from the effective implementation of its Ambition 2025 targets and cost-reduction initiatives. Additionally, its focus on strategic acquisitions, along with investments in digital and productivity enhancements, is encouraging for its pros ...
5 Retail Building Products Stocks to Watch in a Bullish Industry
Zacks Investment Research· 2024-03-15 14:21
The Zacks Building Products – Retail industry participants are likely to benefit from technology initiatives to bolster the e-commerce experience. Companies have been strengthening digital ecosystems, providing the best online assortments and bolstering omni-channel capabilities. Companies are also benefiting from accretive acquisitions, the focus on expanding supply-chain facilities and digital initiatives. Continued innovation, e-commerce expansion and strong demand are likely to benefit players like The ...
Beacon Launches Fourth Annual Campaign Recognizing Female Roofing Professionals
Businesswire· 2024-03-08 14:00
HERNDON, Va.--(BUSINESS WIRE)--In honor of International Women’s Day, Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced today the launch of its fourth annual North American Female Roofing Professional of the Year. This campaign celebrates women in the roofing industry across the U.S. and Canada by calling on the public at large to nominate a female roofing professional who has demonstrated excellence, a commitment to putting people first, mak ...
GMS Buys Kamco for $321.5M, Expects Cost & Revenue Synergies
Zacks Investment Research· 2024-03-05 16:01
GMS Inc. (GMS) completed the acquisition of a leading supplier of ceilings, wallboard, steel, lumber and other complementary construction products — Kamco Supply Corporation and its affiliates.Brooklyn, NY-based Kamco is a leading supplier of ceilings, wallboard, steel, lumber and other related construction products. It operates five distribution facilities located in the Greater New York City area and services the New York metro and tri-state area. For the trailing 12 months (which ended on Dec 31, 2023), ...
Beacon Announces 1st Annual Supplier Partner Award Winners
Businesswire· 2024-03-05 14:00
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN), the only publicly traded specialty distributor of roofing and complementary materials, announced today that it has awarded three supplier partners with awards for their service commitment in 2023. "We pride ourselves on providing the best products and service to our customers. Strong partnerships with all our exceptional suppliers allow us to jointly help contractors innovate and grow," said Jonathan Bennett, Beacon’s Chief Commercial Officer. "Beacon ...
Beacon Roofing Supply(BECN) - 2023 Q4 - Annual Report
2024-02-28 16:24
☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 505 Huntmar Park Drive, Suite 300, Herndon, VA 20170 Address of principal executive offices, zip code (571) 323-3939 Registrant's telephone number, including area code Securities registered pursuant to section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities and Exchange Act of ...
Beacon Roofing Supply(BECN) - 2023 Q4 - Earnings Call Transcript
2024-02-28 00:57
Beacon Roofing Supply, Inc. (NASDAQ:BECN) Q4 2023 Earnings Conference Call February 27, 2024 5:00 PM ET Company Participants Binit Sanghvi – Vice President, Capital Markets and Treasurer Julian Francis – Chief Executive Officer Carmelo Carrubba – Interim Chief Financial Officer Conference Call Participants Ryan Merkel – William Blair Doug Wardlaw – JPMorgan Sid Ramesh – Stephens Garik Shmois – Loop Capital David Manthey – Baird David MacGregor – Longbow Research Operator Good evening, ladies and gentlemen, ...
Beacon Roofing (BECN) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-02-27 23:31
For the quarter ended December 2023, Beacon Roofing Supply (BECN) reported revenue of $2.3 billion, up 16.8% over the same period last year. EPS came in at $1.72, compared to $1.22 in the year-ago quarter.The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $2.28 billion. With the consensus EPS estimate being $1.69, the EPS surprise was +1.78%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...
Beacon Roofing Supply(BECN) - 2023 Q4 - Earnings Call Presentation
2024-02-27 22:59
| --- | --- | --- | --- | --- | |--------------------------------------------|-------|-------|-------|-------| | | | | | | | 2023 | | | | | | Q4 & FULL YEAR 2023 EARNINGS PRESENTATION | | | | | | FEBRUARY 27, 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 ...