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Jun 30, 2021
Beacon Roofing Q3 2021 Earnings Report
Beacon Roofing's Q3 2021 results were announced, featuring record quarterly net sales driven by favorable residential demand, strong pricing execution, and an improving non-residential backdrop.
Key Takeaways
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.
Record quarterly net sales were achieved due to favorable residential demand, strong pricing, and an improving non-residential environment.
Gross margin expanded significantly through focused pricing implementation, timing benefits, and cost-effective procurement.
Operating expense leverage demonstrated execution on efficiency initiatives, with COVID-19 impacting certain expense categories.
Record net income and Adjusted EBITDA performance resulted in mid-single-digit net income margins and double-digit Adjusted EBITDA margins.
Beacon Roofing
Beacon Roofing
Beacon Roofing Revenue by Segment
Revenue by Segment
Residential Roofing Products Revenue
CapyFin.comNon-Residential Roofing Products Revenue
CapyFin.comComplementary Bldg Products Revenue
CapyFin.com 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 Securities Litigation Reform Act of 1995.
Revenue & Expenses
Visualization of income flow from segment revenue to net income