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Dec 31, 2024
Beacon Roofing Q4 2024 Earnings Report
Beacon achieved record Q4 sales but faced a decline in net income due to increased operating expenses.
Key Takeaways
Beacon reported Q4 2024 revenue of $2.40 billion, up 4.5% year-over-year, driven by strong growth in non-residential and complementary product sales. Adjusted EPS was $1.65, while GAAP EPS declined to $1.32 due to higher SG&A costs. Net income fell 12.1% to $83.6 million, impacted by higher operating expenses and warehouse costs. Despite challenges, the company continued its expansion strategy, opening 19 greenfield locations and acquiring 42 branches.
Revenue grew 4.5% year-over-year to $2.40 billion, setting a new Q4 record.
GAAP EPS declined to $1.32, while adjusted EPS was $1.65.
Net income fell 12.1% to $83.6 million due to higher operating expenses.
Strong growth in non-residential roofing (+5.5%) and complementary building products (+11.7%).
Beacon Roofing
Beacon Roofing
Beacon Roofing Revenue by Segment
Revenue by Segment
Residential Roofing Products Revenue
CapyFin.comNon-Residential Roofing Products Revenue
CapyFin.comComplementary Bldg Products Revenue
CapyFin.com Forward Guidance
Beacon expects stable revenue growth in 2025, supported by continued expansion, operational efficiencies, and pricing discipline. Adjusted EBITDA is projected to remain strong, with a focus on enhancing profitability.
Positive Outlook
- Continued expansion with planned greenfield openings and acquisitions.
- Stable demand in non-residential and complementary product categories.
- Improved pricing strategies expected to drive margin stability.
- Operational efficiencies aimed at reducing cost pressures.
- Digital platform and private label growth expected to enhance sales mix.
Challenges Ahead
- Ongoing macroeconomic uncertainties may impact demand.
- Higher SG&A expenses could pressure profitability.
- Rising warehouse and lease costs may limit margin expansion.
- Competitive pressures in the roofing industry remain strong.
- Foreign exchange fluctuations may create headwinds for Canadian operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income