Beacon Roofing Earnings Reports

Beacon reported Q4 2024 revenue of $2.40 billion, up 4.5% year-over-year, driven by strong growth in non-residential and complementary product sales. Adjusted EPS was $1.65, while GAAP EPS declined to $1.32 due to higher SG&A costs. Net income fell 12.1% to $83.6 million, impacted by higher operating expenses and warehouse costs. Despite challenges, the company continued its expansion strategy, opening 19 greenfield locations and acquiring 42 branches.

Beacon Roofing Supply reported record third-quarter net sales of $2.77 billion, a 7.3% increase year-over-year. The company also achieved solid net income and its highest Adjusted EBITDA in history. These results were driven by the company's execution of its Ambition 2025 initiatives and disciplined margin management.

Beacon Roofing Supply announced record second-quarter net sales of $2.67 billion, driven by Ambition 2025 initiatives, including greenfields and acquisitions, and organic sales growth across all three business lines. Net income was $127.2 million, and Adjusted EBITDA was $279.4 million.

Beacon Roofing reported record first-quarter net sales of $1.91 billion, a 10.4% increase year-over-year, driven by organic volume growth and contributions from acquired branches. Gross margin was 24.7%, slightly lower than the previous year. Net income was $5.6 million, compared to $24.8 million in the prior year, while Adjusted EBITDA was $103.1 million, compared to $113.0 million in the prior year.

Beacon Roofing Supply reported a strong fourth quarter and full year in 2023, marked by record net sales and robust net income. The company's Ambition 2025 strategy drove growth through enhanced sales capabilities and strategic investments.

Beacon Roofing Supply reported record third-quarter net sales of $2.58 billion, a 7.0% increase year-over-year, driven by acquisitions, greenfield branches, and organic volume growth. The company achieved strong net income and its highest Adjusted EBITDA in history, supported by disciplined pricing and operating leverage. Beacon continued to invest in growth through M&A and greenfield locations, while also returning capital to shareholders by repurchasing preferred and common shares.

Beacon Roofing Supply reported record quarterly net sales of $2.50 billion, a 6.2% increase compared to the prior year, driven by higher prices, acquisitions, and greenfield investments. Net income was $153.8 million, and Adjusted EBITDA reached $290.3 million. The company repurchased all outstanding convertible preferred stock in July 2023, reducing the common share base by 9.7 million shares.

Beacon Roofing Supply reported record first-quarter net sales of $1.73 billion, a 2.7% increase year-over-year. However, net income decreased to $24.8 million, and EPS was $0.25, impacted by higher operating expenses. The company repurchased $23.1 million of its common stock during the quarter.

Beacon Roofing reported strong Q4 2022 results, including record net sales, net income, and Adjusted EBITDA. The company's Ambition 2025 initiatives significantly contributed to the results, with improvements from the bottom quintile branch initiative, accelerated greenfield investments, and M&A.

Beacon Roofing Supply reported record third-quarter results, with net sales increasing by 28.8% to $2.42 billion. Net income was $154.8 million, and EPS reached $1.95. The company's performance was driven by successful price increases and higher demand across all three lines of business.

Beacon Roofing Supply reported record second-quarter results with net sales reaching $2.36 billion, a 26% increase year-over-year. Net income from continuing operations was $174.5 million, and Adjusted EBITDA was $307.7 million. The company successfully implemented price increases and saw higher demand in residential roofing and complementary products.

Beacon reported record fourth quarter net sales, driven by growth across all three lines of business and pricing execution. Net income and Adjusted EBITDA also reached record levels, yielding mid-single digit net income margins and double digit Adjusted EBITDA margins.

Beacon Roofing Supply reported record-setting performance in Q3 2021, with net sales increasing by 20.8% to $1.87 billion. The company saw improvements across all product categories, driven by higher demand and successful price increases, leading to a net income of $79.8 million, a significant increase compared to the $(4.1) million in 2020.

Beacon Roofing reported a 10.1% increase in net sales compared to the prior year, driven by strong residential roofing and complementary products growth, and successful implementation of price increases. Gross margin improved to 25.3%, and Adjusted EBITDA reached $74.4 million, compared to $22.1 million in 2020.

Beacon announced the completion of the sale of its interior products and insulation businesses to Foundation Building Materials for $850 million, subject to adjustments. The company expects after-tax proceeds of approximately $750 million to reduce net leverage and invest in its core exteriors business.

Beacon Roofing Supply reported a slight decrease in net sales for Q4 2020 compared to Q4 2019, but achieved record fourth-quarter net income and Adjusted EBITDA. Strong execution and a favorable residential backdrop drove the results, with residential roofing growth offsetting non-residential softness due to COVID-19.

Beacon Roofing Supply reported a 6.9% decrease in net sales to $1.79 billion for Q3 2020, but demonstrated improved operating margin percentage through cost actions. The company generated record Q3 operating cash flows of $401.3 million, leading to significant net debt reduction. Net income was $(6.7) million, impacted by a comparative tax provision increase.

Beacon Roofing reported a 2.1% increase in net sales to $1.46 billion for the second quarter of 2020, driven by sales initiatives and the digital platform, but partially offset by decreased hurricane-related demand. The company's net loss was $(122.6) million, impacted by a $142.6 million non-cash rebranding charge. Adjusted EBITDA reached a record $38.9 million, despite the COVID-19 pandemic forcing swift cost-cutting measures.

Beacon Roofing reported net sales of $1.68 billion, a decrease of 2.7% compared to the previous year. The company's gross margins improved sequentially, and non-residential roofing product sales increased slightly. Net loss was $(23.4) million, while adjusted EBITDA was $94.3 million.