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Jun 30, 2022
Beacon Roofing Q2 2022 Earnings Report
Beacon Roofing's Q2 2022 results were driven by record sales, income, and profitability, achieved through focused growth initiatives and pricing execution.
Key Takeaways
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.
Achieved record sales and profitability through growth initiatives and pricing strategies.
Expanded footprint in key markets and progressed acquisition pipeline towards Ambition 2025 targets.
Initiated a second accelerated stock repurchase agreement to enhance stockholder returns.
Invested in fleet to improve safety, reduce emissions, and enhance employee retention as part of ESG goals.
Revenue by Segment
Forward Guidance
The fundamentals of residential and commercial re-roofing demand remain supportive. The Beacon Team has demonstrated agility in responding to changing market conditions and will continue to take advantage of any market changes.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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