Compared to Estimates, Beacon Roofing (BECN) Q2 Earnings: A Look at Key Metrics

Core Insights - Beacon Roofing Supply reported $2.67 billion in revenue for the quarter ended June 2024, a year-over-year increase of 6.8% [1] - The EPS for the same period was $2.32, down from $2.66 a year ago, with an EPS surprise of -17.73% compared to the consensus estimate of $2.82 [1] Revenue Performance - Revenue growth rate for residential roofing products was 2.4%, significantly below the three-analyst average estimate of 8.9% [3] - Revenue growth rate for complementary building products was 12.3%, exceeding the three-analyst average estimate of 7.5% [3][6] - Revenue growth rate for non-residential roofing products was 11.1%, outperforming the average estimate of 1.7% [4] Net Sales Analysis - Net sales for residential roofing products were $1.33 billion, below the average estimate of $1.40 billion, reflecting a 2.4% year-over-year change [5] - Net sales for complementary building products reached $600.60 million, surpassing the average estimate of $591.90 million, with a year-over-year increase of 12.3% [6] - Net sales for non-residential roofing products were $745.10 million, exceeding the average estimate of $704.26 million, representing an 11.1% year-over-year change [7] Stock Performance - Shares of Beacon Roofing have returned +16.6% over the past month, compared to the Zacks S&P 500 composite's +1.1% change [7]