Announcement • May 01
Beacon Roofing Supply, Inc.(NasdaqGS:BECN) dropped from NASDAQ Composite Index Beacon Roofing Supply, Inc removed Announcement • Apr 30
Beacon Roofing Supply Delists from Nasdaq US technology solutions provider QXO Inc. on April 29, 2025, said it has completed the acquisition of local roofing materials supplier Beacon Roofing Supply Inc. for USD 11 billion (EUR 9.67 billion), including debt. Chairman and CEO Brad Jacobs called the move “a major step” toward positioning QXO as the leading tech-enabled distributor in the USD 800 billion building products industry. Following the acquisition, Beacon has become a wholly owned subsidiary of QXO, and its shares were delisted from the Nasdaq on April 29, 2025. Announcement • Mar 19
QXO Extends Tender Offer to Acquire Beacon Roofing Supply On March 19, 2025, QXO, Inc. announced that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. for $124.25 per share originally scheduled to expire on March 18, 2025, will remain open until March 19, 2025. QXO stated that the full terms, conditions and other details of the tender offer are available in the offering documents filed with the Securities and Exchange Commission. Announcement • Mar 15
QXO Posts Updated Materials to its Website On March 14, 2025, QXO, Inc. updated its website dedicated to its offer to purchase Beacon Roofing Supply, Inc., which website is available at www.qxo.com/beacon. QXO also mentioned that, from time to time, QXO and the other participants named herein may refer the Company shareholders to recent articles, including new articles posted on the website. Announcement • Mar 10
QXO and Beacon Confirms Discussions Regarding Potential Transaction On March 10, 2025, QXO Inc and Beacon Roofing Supply Inc confirmed that they are in discussions about a potential combination in which QXO would acquire the Company for $124.35 per share in cash, or total consideration of approximately $11 billion. In addition, QXO is engaging in customary due diligence regarding Company’s business, and QXO and Company are negotiating a definitive agreement. QXO stated that the Company is postponing its Investor Day, which had been scheduled for March 13, 2025, and stated that there can be no assurance that these discussions will result in a transaction. Announcement • Mar 06
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) acquired DM Figley Company, Inc. Beacon Roofing Supply, Inc. (NasdaqGS:BECN) acquired DM Figley Company, Inc. on March 6, 2025.
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) completed the acquisition of DM Figley Company, Inc. on March 6, 2025. Announcement • Mar 04
QXO Extends Tender Offer to Acquire Beacon Roofing Supply On March 4, 2025, QXO, Inc. announced that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. for $124.25 per shares originally scheduled to expire on March 3, 2025, will remain open until March 10, 2025. QXO stated that it is prepared to complete the acquisition shortly after the tender expires, subject to the terms of the offer and the transaction is not dependent on any financing or due diligence conditions, and it has obtained antitrust clearance in both the U.S. and Canada. Announcement • Feb 28
Beacon Roofing Supply, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2025 Beacon Roofing Supply, Inc. provided earnings guidance for the first quarter and full year of 2025. For the first quarter, the company expects total sales per day to be down in the 3% to 5% range compared with the prior year quarter. This is primarily due to the harsh weather they've seen in January and February, which typically results in more demand as the year progresses.
For the full year, the company expects net sales growth in the mid-single-digit percent range, including contributions from acquisitions previously announced. Announcement • Feb 25
QXO Extends Tender Offer to Acquire Beacon Roofing Supply On February 25, 2025, QXO Inc announced that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc for $124.25 per share originally set to expire on February 24, 2025, will remain open until March 3, 2025. QXO stated that it is currently prepared to complete the acquisition shortly after the tender expires, subject to the offer’s terms, and the transaction is not dependent on any financing or due diligence conditions, and it has already obtained antitrust clearance in both the U.S. and Canada. In addition, QXO stated that it offers remains the only opportunity for Company shareholders to secure a substantial cash premium now, stated that it is confident Company investors will overwhelmingly support its offer if the Company Board removes its anti-shareholder poison pill. Announcement • Feb 06
Beacon Roofing Supply, Inc. to Report Q4, 2024 Results on Feb 27, 2025 Beacon Roofing Supply, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 27, 2025 Announcement • Jan 17
QXO, Inc. (NasdaqCM:QXO) cancelled the acquisition of Beacon Roofing Supply, Inc. (NasdaqGS:BECN) for $7.8 billion. QXO, Inc. (NasdaqCM:QXO) made a proposal to acquire Beacon Roofing Supply, Inc. (NasdaqGS:BECN) for $7.8 billion on November 11, 2024. QXO made a proposal to acquire all outstanding shares of Beacon for $124.25 per share in cash. The proposal implies a total transaction value of approximately $11 billion. QXO, Inc. secured committed financing for the transaction and the proposal contains no financing contingency. The Board of Directors QXO of have the full support to pursue this transaction. Beacon’s Board unanimously rejected the proposal and determined that it significantly undervalues the company. QXO, Inc. retained Morgan Stanley & Co. LLC as lead financial advisor; Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel; Scott Winter and Jonathan Salzberger of Innisfree as proxy solicitor; and Gladstone Place Partners as strategic communications firm. Bruce Goldfarb and Pat McHugh of Okapi Partners LLC acted as an information agent for Beacon and J.P. Morgan acted as financial advisor. Sidley Austin LLP and Simpson Thacher and Bartlett LLP are legal advisors to Beacon.
QXO, Inc. (NasdaqCM:QXO) cancelled the acquisition of Beacon Roofing Supply, Inc. (NasdaqGS:BECN) on January 15, 2025. Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, Beacon’s Board of Directors thoroughly evaluated the proposal. Following its review, the Board of Directors of Beacon Roofing Supply unanimously rejected the proposal and determined that it significantly undervalues the Beacon Roofing Supply and its prospects for growth and future value creation. The Board therefore determined that QXO’s proposal was not in the best interests of Beacon and its shareholders. Announcement • Jan 16
QXO, Inc. (NasdaqCM:QXO) made a proposal to acquire Beacon Roofing Supply, Inc. (NasdaqGS:BECN) for $7.8 billion. QXO, Inc. (NasdaqCM:QXO) made a proposal to acquire Beacon Roofing Supply, Inc. (NasdaqGS:BECN) for $7.8 billion on November 11, 2024. QXO made a proposal to acquire all outstanding shares of Beacon for $124.25 per share in cash. The proposal implies a total transaction value of approximately $11 billion. QXO, Inc. secured committed financing for the transaction and the proposal contains no financing contingency. The Board of Directors QXO of have the full support to pursue this transaction. Beacon’s Board unanimously rejected the proposal and determined that it significantly undervalues the company. QXO, Inc. retained Morgan Stanley & Co. LLC as lead financial advisor; Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel; Innisfree as proxy solicitor; and Gladstone Place Partners as strategic communications firm. J.P. Morgan acted as financial advisor for Beacon Roofing Supply. Sidley Austin LLP and Simpson Thacher and Bartlett LLP are legal advisors to Beacon. Announcement • Jan 07
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) acquired Fairway Wholesale Distribution, LLC. Beacon Roofing Supply, Inc. (NasdaqGS:BECN) acquired Fairway Wholesale Distribution, LLC during the fourth quarter of 2024.
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) completed the acquisition of Fairway Wholesale Distribution, LLC during the fourth quarter of 2024. Announcement • Nov 20
QXO Reportedly Bid to Acquire Beacon Roofing Supply QXO, Inc. (NasdaqCM:QXO) led by billionaire businessman Brad Jacobs, has reportedly bid to acquire Beacon Roofing Supply, Inc. (NasdaqGS:BECN). The Wall Street Journal, citing unnamed sources, broke the story on November 18, 2024. A QXO spokesman said the company declines to comment on ‘Beacon rumors’. Beacon’s market value, according to news reports, is in excess of $6 billion. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €98.50, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Trade Distributors industry in Europe. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €140 per share. Recent Insider Transactions • Nov 12
President of North Division recently sold €824k worth of stock On the 6th of November, James Gosa sold around 9k shares on-market at roughly €93.51 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.5m more than they bought in the last 12 months. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$2.34 (vs US$4.16 loss in 3Q 2023) Third quarter 2024 results: EPS: US$2.34 (up from US$4.16 loss in 3Q 2023). Revenue: US$2.77b (up 7.3% from 3Q 2023). Net income: US$145.3m (up US$408.1m from 3Q 2023). Profit margin: 5.2% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Oct 18
Beacon Roofing Supply, Inc. Announces Executive Changes Effective January 1, 2025, Jonathan S. Bennett will assume the position of President, North Division of Beacon Roofing Supply, Inc. (the “Company”). Until such date, Mr. Bennett will continue to serve as the Company's Executive Vice President and Chief Commercial Officer. Effective January 1, 2025, J. Jake Gosa, currently serving as President, North Division, will assume the position of Executive Vice President and Chief Commercial Officer. Announcement • Oct 16
Beacon Roofing Supply, Inc. to Report Q3, 2024 Results on Oct 30, 2024 Beacon Roofing Supply, Inc. announced that they will report Q3, 2024 results at 4:00 PM, US Eastern Standard Time on Oct 30, 2024 Recent Insider Transactions • Aug 09
Executive VP & CFO recently bought €376k worth of stock On the 7th of August, Prithvi Gandhi bought around 5k shares on-market at roughly €75.28 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Prithvi's only on-market trade for the last 12 months. New Risk • Aug 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.1% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.1% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (€1.5m sold). Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$2.03 (vs US$1.94 in 2Q 2023) Second quarter 2024 results: EPS: US$2.03 (up from US$1.94 in 2Q 2023). Revenue: US$2.67b (up 6.8% from 2Q 2023). Net income: US$127.2m (up 2.9% from 2Q 2023). Profit margin: 4.8% (down from 4.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Announcement • Jul 18
Beacon Roofing Supply, Inc. to Report Q2, 2024 Results on Aug 01, 2024 Beacon Roofing Supply, Inc. announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 Announcement • Jul 02
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) acquired Integrity Metals, LLC and Extreme Metal Fabricators, LLC. Beacon Roofing Supply, Inc. (NasdaqGS:BECN) acquired Integrity Metals, LLC and Extreme Metal Fabricators, LLC on July 1, 2024.
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) acquired Integrity Metals, LLC and Extreme Metal Fabricators, LLC on July 1, 2024. Recent Insider Transactions • May 23
President recently sold €887k worth of stock On the 20th of May, Julian Francis sold around 10k shares on-market at roughly €90.15 per share. This transaction amounted to 9.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Julian has been a net seller over the last 12 months, reducing personal holdings by €1.4m. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.088 (vs US$0.25 in 1Q 2023) First quarter 2024 results: EPS: US$0.088 (down from US$0.25 in 1Q 2023). Revenue: US$1.91b (up 10% from 1Q 2023). Net income: US$5.60m (down 66% from 1Q 2023). Profit margin: 0.3% (down from 0.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • May 03
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) completed the acquisition of Smalley & Company Inc. Beacon Roofing Supply, Inc. (NasdaqGS:BECN) signed a purchase agreement to acquire Smalley & Company Inc. on April 2, 2024. Closing the contemplated transaction requires a majority vote of the plan’s Participants giving the ESOP Trustee authorization to approve the sale.Beacon Roofing Supply, Inc. (NasdaqGS:BECN) completed the acquisition of Smalley & Company Inc on May 1, 2024. Announcement • Apr 20
Beacon Roofing Supply, Inc. to Report Q1, 2024 Results on May 02, 2024 Beacon Roofing Supply, Inc. announced that they will report Q1, 2024 results After-Market on May 02, 2024 Announcement • Apr 04
Beacon Roofing Supply, Inc., Annual General Meeting, May 15, 2024 Beacon Roofing Supply, Inc., Annual General Meeting, May 15, 2024, at 08:00 Eastern Daylight. Location: Salamander Middleburg, 500 N. Pendleton St., Middleburg, Virginia 20117 Bluemont Ballroom Middleburg Virginia United States Agenda: To consider Election of ten members to Board of Directors to hold office until the 2025 Annual Meeting of Stockholders or until their successors are duly elected and qualified (Proposal No. 1); To ratify the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; ?To approve the compensation for named executive officers as presented in the Compensation Discussion and Analysis, the compensation tables, and the related disclosures contained in the accompanying Proxy Statement on a non-binding, advisory basis ; and to discuss other matters. Announcement • Apr 02
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) signed a purchase agreement to acquire Smalley & Company Inc. Beacon Roofing Supply, Inc. (NasdaqGS:BECN) signed a purchase agreement to acquire Smalley & Company Inc. on April 2, 2024. Closing the contemplated transaction requires a majority vote of the plan’s Participants giving the ESOP Trustee authorization to approve the sale. Announcement • Feb 29
Beacon Roofing Supply, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2024 Beacon Roofing Supply, Inc. provided earnings guidance for the first quarter and full year 2024. For the period, company expect total sales growth to be in the high single-digit range year-over-year, demonstrating the value of model.For the full year, company expect net sales growth in the mid-single-digit percent range, including contributions from acquisitions previously announced. Reported Earnings • Feb 28
Full year 2023 earnings released: US$0.43 loss per share (vs US$5.66 profit in FY 2022) Full year 2023 results: US$0.43 loss per share (down from US$5.66 profit in FY 2022). Revenue: US$9.12b (up 8.2% from FY 2022). Net loss: US$27.6m (down 107% from profit in FY 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 25
Beacon Roofing Supply, Inc. Announces the Resignation of Philip Knisely as a Member of the Board of Directors On January 23, 2024, Philip Knisely, a member of the Board of Directors of Beacon Roofing Supply, Inc., submitted his resignation from the Board to the Company, effective the same date. Mr. Knisely indicated that his resignation from the Board was not the result of any disagreement with management or the Board. Announcement • Jan 20
Beacon Roofing Supply, Inc. has completed a Follow-on Equity Offering in the amount of $433.940023 million. Beacon Roofing Supply, Inc. has completed a Follow-on Equity Offering in the amount of $433.940023 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,218,134
Price\Range: $83.16 Announcement • Jan 19
Beacon Roofing Supply, Inc. has filed a Follow-on Equity Offering. Beacon Roofing Supply, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,218,134 Announcement • Jan 11
Beacon Roofing Supply, Inc. to Report Q4, 2023 Results on Feb 27, 2024 Beacon Roofing Supply, Inc. announced that they will report Q4, 2023 results on Feb 27, 2024 Announcement • Dec 08
Beacon Roofing Supply, Inc. has filed a Follow-on Equity Offering. Beacon Roofing Supply, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,000,000 Announcement • Dec 07
Beacon Roofing Supply, Inc. has completed a Follow-on Equity Offering. Beacon Roofing Supply, Inc. has completed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,000,000 New Risk • Nov 24
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €657k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (133% net debt to equity). Significant insider selling over the past 3 months (€657k sold). Recent Insider Transactions • Nov 24
President recently sold €515k worth of stock On the 20th of November, Julian Francis sold around 7k shares on-market at roughly €73.36 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Julian's only on-market trade for the last 12 months. New Risk • Nov 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 15% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risk High level of debt (134% net debt to equity). Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$2.55 (vs US$1.99 in 3Q 2022) Third quarter 2023 results: EPS: US$2.55 (up from US$1.99 in 3Q 2022). Revenue: US$2.58b (up 7.0% from 3Q 2022). Net income: US$161.3m (up 25% from 3Q 2022). Profit margin: 6.2% (up from 5.4% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Nov 02
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) acquired H & H Roofing Supply, LLC from Scott Hill Beacon Roofing Supply, Inc. (NasdaqGS:BECN) acquired H & H Roofing Supply, LLC from Scott Hill on November 1, 2023.
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) completed the acquisition of H & H Roofing Supply, LLC from Scott Hill on November 1, 2023. Announcement • Oct 20
Beacon Roofing Supply, Inc. to Report Q3, 2023 Results on Nov 02, 2023 Beacon Roofing Supply, Inc. announced that they will report Q3, 2023 results After-Market on Nov 02, 2023 Buying Opportunity • Oct 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.6%. The fair value is estimated to be €90.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Announcement • Sep 06
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) acquired S & H Building Material Corp. Beacon Roofing Supply, Inc. (NasdaqGS:BECN) acquired S & H Building Material Corp. on September 5, 2023.
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) completed the acquisition of S & H Building Material Corp. on September 5, 2023. Announcement • Aug 09
Beacon Roofing Supply, Inc. has completed a Follow-on Equity Offering in the amount of $418.25 million. Beacon Roofing Supply, Inc. has completed a Follow-on Equity Offering in the amount of $418.25 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: $83.65 Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$2.01 (vs US$2.17 in 2Q 2022) Second quarter 2023 results: EPS: US$2.01 (down from US$2.17 in 2Q 2022). Revenue: US$2.50b (up 6.2% from 2Q 2022). Net income: US$128.3m (down 13% from 2Q 2022). Profit margin: 5.1% (down from 6.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Announcement • Jul 18
Beacon Roofing Supply, Inc. announced that it expects to receive $500 million in funding Beacon Roofing Supply, Inc. announced a private placement of senior secured non-convertible notes due 2030 for the gross proceeds of $500 million on July 17, 2023. Announcement • Jul 12
Beacon Roofing Supply, Inc. (NasdaqGS : BECN) acquired Crossroads Roofing Supply, Inc. Beacon Roofing Supply, Inc. (NasdaqGS : BECN) acquired Crossroads Roofing Supply, Inc. on July 11, 2023.Beacon Roofing Supply, Inc. (NasdaqGS : BECN) completed the acquisition of Crossroads Roofing Supply, Inc. on July 11, 2023. Announcement • Jun 13
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) acquired Silver State Building Materials, Inc. from Derick and Kelly Peterson. Beacon Roofing Supply, Inc. (NasdaqGS:BECN) acquired Silver State Building Materials, Inc. from Derick and Kelly Peterson on June 12, 2023.
Beacon Roofing Supply, Inc. (NasdaqGS:BECN) completed the acquisition of Silver State Building Materials, Inc. from Derick and Kelly Peterson on June 12, 2023. Announcement • May 06
Beacon Roofing Supply, Inc. Provides Sales Guidance for 2023 Beacon Roofing Supply, Inc. provided sales guidance for 2023. For full year company's expectations remain unchanged. Company continue to expect net sales growth in the range of 2% to 4%. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$0.29 (vs US$0.62 in 1Q 2022) First quarter 2023 results: EPS: US$0.29 (down from US$0.62 in 1Q 2022). Revenue: US$1.73b (up 2.7% from 1Q 2022). Net income: US$18.8m (down 57% from 1Q 2022). Profit margin: 1.1% (down from 2.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.