Beacon Roofing Supply (BECN) News
Market Cap: $7.63B
Avg Volume: 1.57M
Industry: Construction
Sector: Industrials
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates BECN and OPTN on Behalf of Shareholders
NEW YORK, March 21, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
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SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Beacon Roofing Supply, Inc. - BECN
NEW YORK , March 20, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Beacon Roofing Supply, Inc. (NASDAQ: BECN ) , relating to the proposed merger with QXO, Inc. Under the terms of the agreement, Beacon shareholders will receive $124.35 per share in cash.
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Beacon Roofing (BECN) ALERT: Johnson Fistel Investigates Proposed Sale of Beacon Roofing; Is $124.35 a Fair Price for Shareholders?
SAN DIEGO, March 20, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Beacon Roofing Supply, Inc. (NASDAQ: BECN) breached their fiduciary duties in connection with the proposed sale of the Company to QXO, Inc. (NYSE: QXO).
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QXO CEO on Beacon Roofing acquisition: Demand for our product will not be impacted by tariffs
Brad Jacobs, QXO chairman and CEO, joins CNBC's 'Squawk on the Street' to discuss why he sees opportunity in rolling up building products distribution, the potential impact of tariffs on the industry, and more.
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Shareholder Alert: The Ademi Firm investigates whether Beacon Roofing Supply, Inc. is obtaining a Fair Price for its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating Beacon (Nasdaq: BECN) for possible breaches of fiduciary duty and other violations of law in its transaction with QXO. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Beacon shareholders will receive only $124.35 per share in cash per share of Beacon common stock, with a transac.
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QXO Extends Tender Offer to Acquire Beacon Roofing Supply
GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) announced today that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (Nasdaq: BECN) for $124.25 per share. The tender offer, which was scheduled to expire at 5:00 p.m. (New York City time) on March 19, 2025, will remain open until 5:00 p.m. (New York City time) on March 31, 2025. QXO will amend its tender offer to reflect the terms of the definitive merger agreement with Beacon, i.
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QXO to Acquire Beacon Roofing Supply for $11 Billion
GREENWICH, Conn. & HERNDON, Va.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) and Beacon Roofing Supply, Inc. (Nasdaq: BECN) today announced that they have entered into a definitive merger agreement under which QXO will acquire Beacon for $124.35 per share in cash. Beacon is a leading distributor of roofing, waterproofing and exterior products, with nearly 600 branches across the U.S. and Canada. The boards of directors of both companies have unanimously approved the transaction, which values Beacon.
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Building products distributor QXO clinches Beacon Roofing in $11 billion deal, WSJ reports
Building-products distributor QXO signed a deal for Beacon Roofing Supply , valuing Beacon at roughly $7.7 billion, or $11 billion including debt, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
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Building-Products Distributor QXO Clinches Deal for Beacon Roofing
The agreement comes after a hostile takeover attempt.
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Beacon Launches Fifth Annual Campaign to Celebrate Women in Roofing
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today the launch of its fifth annual North American Female Roofing Professional of the Year campaign. This campaign celebrates women across the U.S. and Canada who are raising the bar in the roofing industry—whether on the job site, in the office, or out in the community. Beacon invites the public to nominate outstan.
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QXO Raises $830 Million in Private Placement
GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) (the “Company” or “QXO”) today announced that it has entered into purchase agreements with certain institutional investors for an $830 million private placement financing (the “Private Placement”). The closing of the Private Placement is contingent upon the concurrent consummation of the Company's outstanding all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (Nasdaq: BECN). In the Private Placement, QX.
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Beacon Announces Partnership With Brooklyn's Renovate Robotics
BECN's roofing portfolio is set to gain from the new partnership with the developer of roofing robots in New York. Dive in to learn more about the collab.
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QXO, Beacon Roofing confirm merger talks
QXO is in discussions about a potential $11 billion deal for Beacon Roofing Supply , the companies said on Monday.
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QXO and Beacon Confirm Discussions Regarding Potential Transaction
GREENWICH, Conn. and HERNDON, Va.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) and Beacon Roofing Supply, Inc. (Nasdaq: BECN) confirmed today that they are in discussions about a potential combination in which QXO would acquire Beacon for $124.35 per share in cash, or total consideration of approximately $11 billion. QXO is engaging in customary due diligence regarding Beacon's business, and QXO and Beacon are negotiating a definitive agreement. Beacon is postponing its Investor Day, which had been.
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Beacon Expands Waterproofing Division With DM Figley Acquisition
BECN acquires DM Figley, reinforcing its waterproofing division and advancing Ambition 2025 growth initiatives.
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Beacon Announces Acquisition of Specialty Waterproofing Distributor - DM Figley
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that it has acquired DM Figley Company, Inc. (“DM Figley”). DM Figley, which is headquartered in Menlo Park, California, is a wholesale distributor of sealants, waterproofing & concrete repair materials, serving customers throughout California with additional locations in Anaheim, Oakland, Sacramento and Sa.
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Beacon Issues Statement in Response to QXO's Second Extension of Unsolicited Tender Offer
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”) today issued the following statement regarding QXO, Inc.'s (NYSE: QXO) second extension of its unsolicited tender offer to acquire all outstanding shares of Beacon common stock for $124.25 per share in cash (the “Offer”): For a second time, QXO has extended an Offer that represents an opportunistic attempt to take advantage of the current macro environment and acquire Beacon at a discount to its intrinsic value for the benefit.
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QXO extends deadline for tender offer to buy Beacon Roofing
QXO on Tuesday once again extended the deadline for its $11 billion takeover offer for Beacon Roofing Supply by a week to March 10.
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Beacon Q4 Earnings & Sales Miss, Cash Flow Hits New High
BECN's fourth-quarter 2024 results reflect investments in technology, acquisitions, and operational improvements amid weakness in residential roofing.
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Beacon Roofing Supply, Inc. (BECN) Q4 2024 Earnings Call Transcript
Beacon Roofing Supply, Inc. (NASDAQ:BECN ) Q4 2024 Earnings Conference Call February 27, 2025 8:30 AM ET Company Participants Binit Sanghvi - Vice President of Capital Markets & Treasurer Julian Francis - President and Chief Executive Officer Prithvi Gandhi - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Dahl - RBC Capital Markets David Manthey - Baird Trevor Allinson - Wolfe Research Brian Biros - Thompson Research Group Garik Shmois - Loop Capital Ethan Roberts - Stephens David MacGregor - Longbow Research Keith Hughes - Truist Securities Operator Good morning, ladies and gentlemen, and welcome to the Beacon Fourth Quarter and Full Year 2024 Earnings Call. My name is Chach, and I'll be your coordinator for today.
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Beacon Roofing (BECN) Reports Q4 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Beacon Roofing (BECN) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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Beacon Roofing Supply (BECN) Q4 Earnings and Revenues Lag Estimates
Beacon Roofing Supply (BECN) came out with quarterly earnings of $1.65 per share, missing the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.72 per share a year ago.
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Beacon Roofing sees ‘headwinds' from tariffs and labor jitters from building contactors
“We held our guidance all year — not many industrial distribution companies did that,” CEO Julian Francis tells MarketWatch.
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Beacon Issues Statement in Response to QXO's Extension of Unsolicited Tender Offer
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”) today issued the following statement regarding QXO, Inc.'s (NYSE: QXO) extension of its unsolicited tender offer to acquire all outstanding shares of Beacon common stock for $124.25 per share in cash and QXO's statement that approximately 10,685,631 shares of Beacon common stock, which represents approximately 17.27% of all issued and outstanding shares, have tendered into the offer: Beacon's Board of Directors (the “Board”) h.
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Unlocking Q4 Potential of Beacon Roofing (BECN): Exploring Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Beacon Roofing (BECN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
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Beacon Issues Statement in Response to QXO's Director Nominations
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”) announced today that its Board of Directors (the “Board”) has received notice from QXO, Inc. (NYSE: QXO) that QXO has nominated ten individuals to stand for election to Beacon's Board at the Company's 2025 Annual Meeting. Beacon's Board issued the following statement in response: Beacon's Board consists of ten highly qualified directors – nine of whom are independent – who have been critical in overseeing the Company's success.
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Is the Options Market Predicting a Spike in Beacon Roofing Supply (BECN) Stock?
Investors need to pay close attention to Beacon Roofing Supply (BECN) stock based on the movements in the options market lately.
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Beacon to Release Fourth Quarter and Full Year 2024 Earnings on February 27, 2025
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”) announced today that, consistent with last year, its earnings results for the quarter and full year ended December 31, 2024 will be released before the market opens on Thursday, February 27, 2025. The Company will host a conference call and webcast to discuss its financial results at 8:30 a.m. Eastern Time that same day. Analysts, investors and interested parties are invited to register and listen to the earnings call and view.
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Beacon Board of Directors Unanimously Rejects QXO's Unsolicited Tender Offer
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, today announced that its Board of Directors (the “Board”) issued its formal recommendation to shareholders regarding the unsolicited tender offer (the “Offer”) from QXO, Inc. (NYSE: QXO) to acquire all outstanding shares of Beacon common stock for $124.25 per share in cash. The Board, after consultation with it.
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Beacon Roofing adopts poison pill after QXO's hostile bid
Beacon Roofing Supply said on Tuesday it has adopted a limited duration stockholder rights agreement, commonly known as a poison pill, following a hostile takeover bid by QXO.
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Beacon Adopts Stockholder Rights Agreement
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that its Board of Directors (the “Board”) has unanimously adopted a limited duration stockholder rights agreement (the “Rights Agreement”) to protect stockholder interests and maximize value for all stockholders. The Board adopted the Rights Agreement in response to the tender offer previously a.
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Beacon Roofing CEO Julian Francis goes one-on-one with Jim Cramer
Beacon Roofing Supply President and CEO Julian Francis joins 'Mad Money' host Jim Cramer to talk the state of the industry, its offerings and more.
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Beacon Roofing CEO talks rejecting proposal from QXO to purchase all its outstanding shares
Beacon Roofing Supply President and CEO Julian Francis joins 'Mad Money' host Jim Cramer to talk the state of the industry, its offerings and more.
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QXO touts AI advantage in bid to win over Beacon Roofing's shareholders
QXO's $11 billion pitch to buy Beacon Roofing touts the company's AI experience, as well as the housing shortage in the United States.
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Beacon Comments on QXO's Unsolicited Tender Offer
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”) today confirmed that QXO, Inc. (NYSE: QXO) has commenced an unsolicited tender offer to acquire all outstanding shares of Beacon common stock for $124.25 per share in cash. Consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, the Beacon Board of Directors (the “Board”) will thoroughly evaluate QXO's tender offer to determine the course of action that it believes is in the.
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Beacon Announces Annual Supplier Partner Award Winners
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that it has awarded five supplier partners with awards for their service commitment in 2024. "We are proud to provide customers with the best products and service. Exceptional partnerships with all our suppliers allow us to jointly help contractors find more ways to grow and innovate their businesses," said Jak.
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Beacon Roofing (BECN) Moves 7.7% Higher: Will This Strength Last?
Beacon Roofing (BECN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
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Beacon Confirms Receipt and Reiterates Rejection of Unsolicited Proposal
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”) today confirmed that it has previously received and rejected an unsolicited, non-binding proposal from QXO, Inc. (Nasdaq: QXO) to acquire all outstanding shares of the Company for $124.25 per share in cash. QXO's proposal, publicized today, was received on November 11, 2024. Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, Beacon's Board of Directors (the “Board”) tho.
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Beacon Roofing Supply Stock Rises as QXO Proposes $11 Billion Cash Takeover
QXO proposes to acquire Beacon Roofing Supply for $124.25 a share.
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Beacon Building Products to Host 2025 Investor Day
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products announced today that it will host an Investor Day in New York City on Thursday, March 13, 2025. Beacon's President and CEO Julian Francis, CFO Prithvi Gandhi and other members of the senior leadership team will provide an in-depth review of Beacon's strategy, growth drivers and financial objectives. The event will include formal.
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Beacon Expands Footprint With New Acquisitions and Branches
BECN expands with new acquisitions and greenfield branch openings, advancing toward the full potential of its Ambition 2025 goals.
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Are Investors Undervaluing Beacon Roofing Supply (BECN) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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Here's Why You Should Retain Beacon Stock in Your Portfolio for Now
BECN benefits from its focus on Ambition 2025 targets, buyout synergies and strategic investments. However, high costs and expenses are concerning.
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Beacon Roofing Supply Stock Still Offers Upside For Investors
Beacon Roofing Supply, Inc. remains a soft “Buy” due to attractive pricing, strong revenue growth from acquisitions, and ongoing share buybacks despite mixed financial performance. The company has expanded significantly, operating 587 branches across the U.S. and Canada, with substantial investments in acquisitions and new locations. While organic growth is slow, BECN revenue rose 7.3% year-over-year, driven mainly by acquisitions, with notable increases in complementary building and non-residential roofing products.
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Why Is Beacon Roofing (BECN) Up 22.5% Since Last Earnings Report?
Beacon Roofing (BECN) reported earnings 30 days ago. What's next for the stock?
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Building Products Distributor QXO Makes Bid for Beacon Roofing
QXO's Brad Jacobs has built companies in logistics and other sectors through acquisitions.
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Beacon Enhances eCommerce Platform with Leap CRM Project Management Solution
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products announced today a partnership with Leap to integrate their CRM tool with Beacon's eCommerce platform, Beacon PRO+®. Leap CRM is an end-to-end management software that helps home improvement contractors win and manage every job. This integration allows contractors to purchase Beacon products seamlessly within Leap's full-service.
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Zacks Industry Outlook The Home Depot, Lowe's, Fastenal, Beacon Roofing Supply and Tecnoglass
The Home Depot, Lowe's, Fastenal, Beacon Roofing Supply and Tecnoglass have been highlighted in this Industry Outlook article.
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5 Retail Building Products Stocks Set to Thrive Amid Industry Recovery
Technological investments, e-commerce growth and the recent interest rate cuts by the central bank are expected to strengthen the growth prospects of the Building Products - Retail industry. HD, LOW, FAST, BECN and TGLS appear well-positioned for growth.
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Beacon Honors Veterans Day With Announcement of New Roof Recipients
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--This Veteran's Day, Beacon (Nasdaq: BECN) announced the 14 grand-prize winners of its annual Beacon of Hope® program, an initiative aimed at honoring Veterans throughout North America for their service by supporting them with a brand-new roof, free of charge. Together with local roofing companies, Beacon will deliver and facilitate 14 roof replacements for Veteran and Gold Star Family homes, and community buildings serving Veterans. “At Beacon, we're committed to.
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Beacon Q3 Earnings & Sales Miss, '24 Adjusted EBITDA View Down
BECN's third-quarter 2024 results reflect notable non-discretionary repair and re-roofing demand amid high costs and expenses.
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Beacon Roofing Supply, Inc. (BECN) Q3 2024 Earnings Call Transcript
Beacon Roofing Supply, Inc. (NASDAQ:BECN ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Binit Sanghvi - Vice President of Capital Markets and Treasurer Julian Francis - President and Chief Executive Officer Prithvi Gandhi - Chief Financial Officer Conference Call Participants Philip Ng - Jefferies Group LLC Brian Biros - Thompson Research Group Ryan Merkel - William Blair & Company Ketan Mamtora - BMO Capital Markets Michael Rehaut - JPMorgan Chase & Co. Michael Dahl - RBC Capital Markets David Manthey - Robert W. Baird & Co. Garik Shmois - Loop Capital Markets David MacGregor - Longbow Research Adam Baumgarten - Zelman & Associates LLC Operator Good morning, ladies and gentlemen, and welcome to the Beacon Third Quarter 2024 Earnings Call.
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Compared to Estimates, Beacon Roofing (BECN) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Beacon Roofing (BECN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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Beacon Roofing Supply (BECN) Q3 Earnings and Revenues Lag Estimates
Beacon Roofing Supply (BECN) came out with quarterly earnings of $2.80 per share, missing the Zacks Consensus Estimate of $2.88 per share. This compares to earnings of $2.85 per share a year ago.
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Beacon Roofing Supply (BECN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Beacon Roofing (BECN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Beacon Partners With GAF to Add Ecommerce Feature
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and related exterior products, announced today a partnership with GAF to provide its customers access to now order GAF QuickMeasure™ reports from Beacon PRO+®, an industry-leading digital platform. Beacon's integration with GAF provides contractors with another option to take the guesswork out of the estimation process by ordering QuickMeasure reports to.
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Beacon Roofing Supply: Stock Cannibal In The Making
Beacon Roofing Supply has been aggressively buying back shares since early 2022, returning $1.5 billion to shareholders, indicating strong capital allocation. The company has shown significant growth with a 10-year CAGR of 15.1% in revenue and 28.9% in free cash flow. Despite strong historical growth rates, the market is pricing in only 11% annual EPS growth, suggesting the stock is undervalued.
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Beacon on Expansion Spree, Opens Branches in Four Locations
BECN stock is set to benefit from four branch openings across the United States. This move affirms its focus on achieving the Ambition 2025 goals.
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Beacon Expands Service With Four New Locations in Alabama, Arizona, Florida and Washington
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, announced today that it has opened new locations in Pelham, Alabama, Queen Creek, Arizona, Port St. Lucie, Florida and Bellingham, Washington. The new branch in Pelham, Alabama serves the Birmingham metro area. “This is our second location in the growing Birmingham market, chosen specifically to complement our existing branch. We a.
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Beacon Roofing Drops 12% in Six Months: How to Play the Stock?
Beacon Roofing Supply, Inc.‘s BECN shares have dropped 12.5% in the past six months against the Zacks Building Products - Retail industry's 6.3% growth, the broader Retail-Wholesale sector's 9.1% increase and the S&P 500's 9.6% rise. The company faces challenges from higher operating and acquisition-related expenses.
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BECN Expands in Canadian Market With Beacon PRO+ Digital Tool
Beacon expands its market reach with the launch of its digital platform, Beacon PRO+, in the Canadian market.
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Beacon Expands Digital Platform to Support Canadian Customers
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, announced today that it has launched its industry-leading digital platform, Beacon PRO+®, in Canada. Beacon PRO+ is a robust, no-cost digital tool that is used by thousands of U.S. roofing contractors to manage their business and sales process anywhere at any time. At the office or on-the-go, customers can find product descriptions.
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Beacon Stock Set to Benefit From Chicago Metal Supply Acquisition
The latest acquisition expands BECN's metal capabilities, boosting its stock growth potential.
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5 Retail Building Products Stocks Ready to Gain From Industry Upswing
Tech initiatives and e-commerce growth boost the Building Products - Retail industry, but inflation, soft demand and lumber price deflation pose challenges. HD, LOW, FAST, BECN and TGLS look well-poised for growth.
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Beacon Announces Acquisition of Passaic Metal and Building Supplies
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and related exterior products, announced today that it has completed the acquisition of Passaic Metal and Building Supplies Co. and certain affiliated companies (“PAMPCO”) headquartered in Clifton, New Jersey. PAMPCO has five branches in New Jersey and one in upstate New York. PAMPCO's roots in metal, roofing and siding date back to 1911. “Four generatio.
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Beacon Announces Acquisition of SSR Roof Supply
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and related exterior products, announced today that it has completed the acquisition of SSR Roof Supply Ltd. (“SSR”). SSR operates two branches in the Vancouver, British Columbia market, with one branch in Burnaby and the other in Surrey. SSR has been serving residential and commercial contractors for over 30 years. “We are proud of our history as a fami.
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Beacon (BECN) Q2 Earnings & Sales Miss Estimates, Shares Down
Solid demand, higher pricing and recent acquisitions drive Beacon Roofing's (BECN) second-quarter results.
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Beacon Roofing Supply, Inc. (BECN) Q2 2024 Earnings Call Transcript
Beacon Roofing Supply, Inc. (NASDAQ:BECN ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Binit Sanghvi – Vice President-Capital Markets and Treasurer Julian Francis – Chief Executive Officer Prith Gandhi – Chief Financial Officer Conference Call Participants Michael Rehaut – JPMorgan Garik Shmois – Loop Capital Adam Baumgarten – Zelman & Associates David Manthey – Baird Mike Dahl – RBC Trey Grooms – Stephens Kathryn Thompson – Thompson Research Group Keith Hughes – Truist David MacGregor – Longbow Research Reuben Garner – Benchmark Company Operator Good evening, ladies and gentlemen, and welcome to the Beacon Second Quarter 2024 Earnings Call. My name is Elliot.
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Compared to Estimates, Beacon Roofing (BECN) Q2 Earnings: A Look at Key Metrics
Although the revenue and EPS for Beacon Roofing (BECN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Beacon Roofing Supply (BECN) Lags Q2 Earnings and Revenue Estimates
Beacon Roofing Supply (BECN) came out with quarterly earnings of $2.32 per share, missing the Zacks Consensus Estimate of $2.82 per share. This compares to earnings of $2.66 per share a year ago.
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Beacon Roofing Supply (BECN) Reports Next Week: Wall Street Expects Earnings Growth
Beacon Roofing (BECN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Beacon Strengthens eCommerce Platform With Enhanced EagleView Integration
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and related exterior products, announced today an enhanced alliance with EagleView, a leading provider of aerial imagery, software, and analytics. This collaboration includes a seamless integration of EagleView's detailed roof measurements with Beacon PRO+®, an industry-leading ecommerce platform. Available exclusively in Beacon PRO+, Smart Order is a fi.
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Beacon to Announce Second Quarter 2024 Earnings on August 1, 2024
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”) announced today that its earnings results for the quarter ended June 30, 2024 will be released after market close on Thursday, August 1, 2024. The Company will host a conference call and webcast to discuss its financial results at 5:00 p.m. Eastern Time that same day. Analysts, investors and interested parties are invited to register and listen to the earnings call and view accompanying slides on the Company's website at the b.
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Will Beacon Roofing (BECN) Beat Estimates Again in Its Next Earnings Report?
Beacon Roofing (BECN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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Beacon (BECN) Expands in California by Acquiring Roofers Mart
Beacon (BECN) advances with the Ambition 2025 plan by acquiring Roofers Mart of Southern California, Inc., thus expanding its commercial roofing product offerings.
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DanceOne and Debbie Allen Dance Academy Join Forces to Drive Accessibility and Advance the Next Generation of Dancers
LOS ANGELES--(BUSINESS WIRE)--DanceOne and Debbie Allen Dance Academy Join Forces to Drive Accessibility and Advance the Next Generation of Dancers.
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Beacon (BECN) Enhances Metal Roofing Portfolio With Buyouts
Beacon (BECN) expands its services for metal roofing contractors with the acquisition of Extreme Metal and Integrity Metals.
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Beacon Announces Two Florida Acquisitions Extending Service for Metal Roofing Contractors
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced the acquisition of Extreme Metal Fabricators, LLC (“Extreme Metal”) with locations in Key Largo and Palm City, Florida and Integrity Metals, LLC (“Integrity Metals”) with locations in Gainesville and Vero Beach, Florida. “For over a decade we have operated Extreme Metal with a team of craftspeople, estimators, and operators whose specialized training.
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Beacon Reveals 2024 North American Female Roofing Professional of the Year Winner
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that Brooke Laizure, Owner of Whirlwind Roofing & Construction (Whirlwind) in Bixby, Oklahoma, is the winner of the 2024 North American Female Roofing Professional of the Year campaign, which highlights women in the roofing industry across the U.S. and Canada. Whirlwind specializes in residential roofing replacement, repair and restoration and is proudly family-owned and operated. Brooke is a founding member of the Nationa.
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Beacon's (BECN) Texas & Washington Openings Expand Business
Beacon's (BECN) latest announcement substantiates its commitment to making Ambition 2025 investments to drive growth and attain operational excellence.
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Beacon Roofing (BECN) Moves 5.4% Higher: Will This Strength Last?
Beacon Roofing (BECN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
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Beacon Expands Service With New Locations in Dallas, Seattle and Spokane
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the only publicly-traded specialty roofing distributor, announced today that it has opened a new location in Terrell, Texas to further service residential and commercial roofers. It has also opened new locations in Everett, Washington and Spokane, Washington to support specialty waterproofing contractors. The new branch in Terrell, Texas serves the eastern Dallas-Fort Worth market. “We now have nine locations in the metroplex to help contrac.
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Beacon Releases Annual Corporate Social Responsibility Report
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”) announced today that it has released its 2023 Corporate Social Responsibility (CSR) Report. This year's report demonstrates our commitment to action and transparency on important environmental and social topics driven by the Company's values. “The past year has been a time of growth for Beacon, not only in terms of our geographic footprint and service offerings, but also in our determination to build better for our stakeholder.
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Eye These 5 Retail Building Products Stocks From a Prospering Industry
Focus on virtual platforms to boost customer engagement has been leading to a surge in online business transactions for many players in the Retail Building Products industry. HD, LOW, FAST, BECN and GMS look well-poised for growth.
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Beacon (BECN) on an Expansion Spree, Debuts in Two Locations
Beacon (BECN) moves a step forward in achieving its Ambition 2025 targets by expanding its footprint through two new branch locations.
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Beacon Roofing Supply: Shares Deserve More Upside After Shooting Through The Roof
Beacon Roofing Supply has grown to have 542 branches across the US and Canada, providing over 130,000 SKUs and serving almost 100,000 customers. Despite mixed financial performance, the stock has increased 67.6% in value, easily outperforming the S&P 500. BECN has ambitious plans for growth, including opening new facilities, increasing revenue from national accounts and acquisitions, and expanding digital channels.
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Beacon Expands Service In Providence and Toronto Markets
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the only publicly-traded specialty roofing distributor, announced today that it has opened new locations in Attleboro, Massachusetts and Mississauga, Ontario, Canada to increase service to residential and commercial roofing contractors. The new branch in Attleboro, Massachusetts adds residential and commercial roofing and complementary products and services in the Providence, Rhode Island metro and the southeastern Massachusetts markets. “We.
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Amalgamated Bank Cuts Stock Holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN)
Amalgamated Bank cut its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN – Free Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,284 shares of the company’s stock after selling 127 shares during the quarter. Amalgamated Bank’s holdings in Beacon Roofing Supply were worth $460,000 at the end of the most recent quarter. A number of other large investors also recently modified their holdings of the company. Natixis Advisors L.P. boosted its position in Beacon Roofing Supply by 6.3% during the 4th quarter. Natixis Advisors L.P. now owns 113,123 shares of the company’s stock worth $9,843,000 after purchasing an additional 6,699 shares during the period. Victory Capital Management Inc. lifted its position in shares of Beacon Roofing Supply by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 26,750 shares of the company’s stock worth $2,328,000 after purchasing an additional 191 shares in the last quarter. Mach 1 Financial Group LLC purchased a new position in shares of Beacon Roofing Supply in the fourth quarter valued at $470,000. SummerHaven Investment Management LLC grew its holdings in Beacon Roofing Supply by 1.5% during the 4th quarter. SummerHaven Investment Management LLC now owns 8,607 shares of the company’s stock valued at $749,000 after purchasing an additional 129 shares in the last quarter. Finally, Headlands Technologies LLC lifted its holdings in Beacon Roofing Supply by 126.3% in the 4th quarter. Headlands Technologies LLC now owns 2,865 shares of the company’s stock worth $249,000 after buying an additional 1,599 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors. Beacon Roofing Supply Stock Performance Shares of NASDAQ BECN opened at $96.09 on Monday. Beacon Roofing Supply, Inc. has a 52-week low of $63.10 and a 52-week high of $103.75. The stock has a market capitalization of $6.11 billion, a P/E ratio of -152.52 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 1.87 and a debt-to-equity ratio of 1.47. The firm’s 50-day moving average price is $95.48 and its two-hundred day moving average price is $87.82. Beacon Roofing Supply (NASDAQ:BECN – Get Free Report) last posted its earnings results on Tuesday, February 27th. The company reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.22). Beacon Roofing Supply had a net margin of 4.47% and a return on equity of 26.39%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the firm earned $1.18 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, sell-side analysts forecast that Beacon Roofing Supply, Inc. will post 7.8 earnings per share for the current year. Insider Transactions at Beacon Roofing Supply In related news, EVP Christopher Carl Nelson sold 3,268 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $93.87, for a total transaction of $306,767.16. Following the transaction, the executive vice president now owns 176 shares in the company, valued at $16,521.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Christopher Carl Nelson sold 3,268 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $93.87, for a total value of $306,767.16. Following the sale, the executive vice president now directly owns 176 shares in the company, valued at approximately $16,521.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jason L. Taylor sold 1,805 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $95.00, for a total value of $171,475.00. Following the sale, the insider now owns 10,531 shares of the company’s stock, valued at approximately $1,000,445. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock. Analyst Upgrades and Downgrades A number of brokerages have recently issued reports on BECN. TheStreet raised Beacon Roofing Supply from a “c” rating to a “b-” rating in a research report on Tuesday, February 27th. Loop Capital increased their target price on Beacon Roofing Supply from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, April 1st. StockNews.com cut shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Robert W. Baird raised their price objective on shares of Beacon Roofing Supply from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, BMO Capital Markets boosted their target price on shares of Beacon Roofing Supply from $95.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Beacon Roofing Supply has an average rating of “Moderate Buy” and a consensus target price of $107.64. Check Out Our Latest Analysis on Beacon Roofing Supply About Beacon Roofing Supply (Free Report) Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.
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Beacon Announces Additional $225 Million Accelerated Share Repurchase Program
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that it has entered into an accelerated share repurchase agreement (“ASR”) with Citibank N.A to repurchase $225 million of Beacon's common stock. “Creating shareholder value is central to today's announcement to continue share repurchases under our previously announced and authorized program,” said Julian Francis, President & CEO of Beacon. “We continue to pursue our balanced capital allocation plan investing in growth and.
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Beacon (BECN) Q1 Earnings & Sales Beat, Shares Rise
Solid demand, higher pricing and recent acquisitions aid Beacon Roofing (BECN) to post solid results in the first quarter.
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Beacon Roofing Supply, Inc. (BECN) Q1 2024 Earnings Call Transcript
Beacon Roofing Supply, Inc. (NASDAQ:BECN ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Binit Sanghvi - Vice President, Capital Markets and Treasurer Julian Francis - President and Chief Executive Officer Carmelo Carrubba - Interim Chief Financial Officer Prithvi Gandhi - Chief Financial Officer Conference Call Participants Brian Biros - Thompson Research Group Trey Grooms - Stephens Inc. Michael Rehaut - JPMorgan Chase & Co. Mike Dahl - RBC Capital Markets Reuben Garner - The Benchmark Company, LLC Ketan Mamtora - BMO Capital Markets Garik Shmois - Loop Capital Markets Adam Baumgarten - Zelman & Associates Stanley Elliott - Stifel Nicolaus & Co., Inc. Operator Ladies and gentlemen, thank you for your patience. Again, welcome to today's Beacon First Quarter 2024 Earnings Call.
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Here's What Key Metrics Tell Us About Beacon Roofing (BECN) Q1 Earnings
Although the revenue and EPS for Beacon Roofing (BECN) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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Beacon Roofing Supply (BECN) Q1 Earnings and Revenues Surpass Estimates
Beacon Roofing Supply (BECN) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.67 per share a year ago.
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Beacon Announces Acquisition of Smalley & Company, a Regional Specialty Waterproofing Distributor
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced the closing of the previously announced acquisition of Smalley & Company (“Smalley”), headquartered in Denver, CO. Smalley serves customers at eleven locations in Arizona, California, Colorado, Nevada, New Mexico, and Utah. “Since 1967, Smalley has been providing contractors, design professionals, and owners with tailored sealant and waterproofin.
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