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Dec 31, 2022
Beacon Roofing Q4 2022 Earnings Report
Beacon Roofing reported record fourth quarter and full year net sales, net income and Adjusted EBITDA.
Key Takeaways
Beacon Roofing reported strong Q4 2022 results, including record net sales, net income, and Adjusted EBITDA. The company's Ambition 2025 initiatives significantly contributed to the results, with improvements from the bottom quintile branch initiative, accelerated greenfield investments, and M&A.
Net sales increased 12.2% to $1.97 billion, a Company record for fourth quarter net sales.
Residential roofing product sales increased 5.1%, non-residential roofing product sales increased 25.2%, and complementary product sales increased 14.0% compared to the prior year.
Net income from continuing operations was $73.3 million, compared to $68.1 million in the prior year.
EPS was $0.88, compared to $0.76 in the prior year.
Revenue by Segment
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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