Beacon Roofing Supply(BECN) - 2023 Q4 - Earnings Call Presentation

Financial Performance & Growth - Q4 2023 net sales reached $2300 million, a 16.8% increase year-over-year[9, 14] - Residential sales increased by 20.2% in Q4 2023[15] - Non-residential sales increased by 11.4% in Q4 2023[15] - Complementary sales increased by 16.0% in Q4 2023[15] - Q4 2023 Adjusted EBITDA was a record[10] - Full year 2023 net sales reached a record $9100 million, representing 8% growth[23] - Full year 2023 Adjusted EBITDA reached $920 million[23] - Operating cash flow for Q4 2023 was $262 million, representing over 120% of Adjusted EBITDA[21, 22] Strategic Initiatives & Capital Allocation - Approximately $111 million in common stock was repurchased in 2023[12, 22] - All preferred shares were repurchased for approximately $804 million[12] - Net debt leverage was 2.4x as of December 31, 2023[12, 22] Outlook - Full year 2024 Adjusted EBITDA is expected to be between $920 million and $980 million[26]