Beacon Roofing Q3 2023 Earnings Report
Key Takeaways
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.
Record quarterly net sales achieved, reaching $2.58 billion, a 7.0% increase year-over-year.
Net income was $161.3 million, compared to $154.8 million in the prior year.
Adjusted EBITDA reached $309.6 million, compared to $284.2 million in the prior year.
The company repurchased all outstanding preferred shares and approximately $25 million worth of common shares.
Beacon Roofing
Beacon Roofing
Beacon Roofing Revenue by Segment
Forward Guidance
As we enter the fourth quarter, our team is well-positioned to build on our momentum to deliver superior value to our customers, shareholders, employees and communities and deliver on Ambition 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income