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Sep 30, 2023
Beacon Roofing Q3 2023 Earnings Report
Beacon Roofing's Q3 2023 performance was marked by record net sales and strong profitability, driven by the execution of Ambition 2025 growth initiatives and disciplined pricing.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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