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Mar 31, 2021
Beacon Roofing Q2 2021 Earnings Report
Beacon Roofing's Q2 2021 results reflected strong execution and favorable residential trends, driving record net sales and Adjusted EBITDA.
Key Takeaways
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.
Record second quarter net sales were driven by strong execution and favorable residential trends.
Gross margins benefited from a healthy pricing environment and favorable mix.
The successful divestiture of the Interior Products business sharpens management focus on growth in the core exteriors business.
Accretive refinancing transactions in Q3 will result in improved balance sheet strength, enhanced flexibility, and lower cash interest costs.
Revenue by Segment
Forward Guidance
This release contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private -2- Securities Litigation Reform Act of 1995.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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