Beacon Roofing Q4 2020 Earnings Report
Key Takeaways
Beacon Roofing Supply reported a slight decrease in net sales for Q4 2020 compared to Q4 2019, but achieved record fourth-quarter net income and Adjusted EBITDA. Strong execution and a favorable residential backdrop drove the results, with residential roofing growth offsetting non-residential softness due to COVID-19.
Record fourth quarter net income and Adjusted EBITDA were achieved.
Net sales leveraged an attractive residential backdrop, with stronger gross margins benefiting from pricing execution, mix, and timing.
Strategic initiatives, including digital sales and margin gains at lowest quintile branches, contributed to the Q4 success.
Gross margin improved primarily reflecting an improved price-cost spread.
Beacon Roofing
Beacon Roofing
Beacon Roofing Revenue by Segment
Forward Guidance
As fiscal year 2021 begins, the company continues to focus on improving the controllable aspects of the business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income