Beacon Roofing Supply Third Quarter 2024 Earnings: EPS Misses Expectations

Beacon Roofing Supply (NASDAQ:BECN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.77b (up 7.3% from 3Q 2023).
• Net income: US$145.3m (up from US$262.8m loss in 3Q 2023).
• Profit margin: 5.2% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses.
• EPS: US$2.34 (up from US$4.16 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Beacon Roofing Supply EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Trade Distributors industry in the US.

Performance of the American Trade Distributors industry.

The company's shares are down 1.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Beacon Roofing Supply has 1 warning sign we think you should be aware of.

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