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Sep 30, 2022
Beacon Roofing Q3 2022 Earnings Report
Beacon Roofing's Q3 2022 earnings marked the highest quarterly sales in the company's history, driven by price and volume growth across all lines of business, leading to record bottom-line results.
Key Takeaways
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.
Achieved highest quarterly sales in Beacon’s history, driven by price and volume growth.
Acquired Coastal Construction Products, enhancing value proposition to commercial roofing contractors.
Generated strong cash flow, improved inventory position, and maintained balance sheet capacity for investments.
Accelerated greenfield investments to expand branch footprint and enhance the Beacon OTC® network.
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