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Dec 31, 2023
Beacon Roofing Q4 2023 Earnings Report
Reported record Q4 and full year net sales and strong net income.
Key Takeaways
Beacon Roofing Supply reported a strong fourth quarter and full year in 2023, marked by record net sales and robust net income. The company's Ambition 2025 strategy drove growth through enhanced sales capabilities and strategic investments.
Net sales increased by 16.8% compared to the prior year, reaching $2.30 billion.
Residential roofing product sales increased by 20.2%, driven by higher volumes.
Net income was $95.1 million, compared to $73.3 million in the prior year.
Adjusted EBITDA was $216.7 million, compared to $178.5 million in the prior year.
Revenue by Segment
Forward Guidance
Beacon did not provide forward guidance in the fourth quarter earnings report.
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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