Loading...
•
Sep 30, 2024
Beacon Roofing Q3 2024 Earnings Report
Beacon Roofing's Q3 2024 earnings reflected record sales, solid net income, and the highest Adjusted EBITDA, driven by Ambition 2025 initiatives and disciplined margin management.
Key Takeaways
Beacon Roofing Supply reported record third-quarter net sales of $2.77 billion, a 7.3% increase year-over-year. The company also achieved solid net income and its highest Adjusted EBITDA in history. These results were driven by the company's execution of its Ambition 2025 initiatives and disciplined margin management.
Record quarterly sales driven by execution on Ambition 2025 growth initiatives.
Disciplined margin management and bottom quintile branch initiative resulted in solid net income and record Adjusted EBITDA.
Invested in organic growth by opening four greenfield locations to enhance customer reach.
Executed on value-creating acquisitions that are expected to contribute approximately $247 million of sales annually.
Revenue by Segment
Forward Guidance
The company expects actions taken in September to lower operating expenses by aligning staffing with current market conditions will result in annual savings of approximately $45 million.
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
Loading earnings performance data...
Loading earnings reaction data...