Beacon Announces Continued Footprint Expansion

Rhea-AI Summary

Beacon (BECN), the leading publicly-traded specialty wholesale distributor of roofing and exterior products, has opened four new greenfield branches to expand its service footprint. The new locations include:

• Lafayette, Indiana and La Crosse, Wisconsin serving upper Midwest markets
• St. Augustine, Florida serving the First Coast area
• Frisco, Texas, becoming the eleventh branch serving the Dallas-Fort Worth metroplex

These expansions support Beacon's Ambition 2025 Plan to drive above-market growth through enhanced customer reach. The new branches will offer a full range of exterior products, including Beacon's private-label TRI-BUILT® product line, online ordering via the Beacon PRO+® app, and access to the Beacon OTC® network. The company exceeded its Ambition 2025 revenue and shareholder return targets in 2023.

Positive

• Expansion into 4 new strategic markets
• Exceeded Ambition 2025 revenue and shareholder targets in 2023
• 11th branch in Dallas-Fort Worth market indicates strong presence
• Enhanced distribution network supporting market growth

Negative

• None.

Four greenfield branches expand service area in Indiana, Wisconsin, Florida and Texas

Further supports Ambition 2025 Plan to drive above market growth by significantly enhancing customer reach

HERNDON, Va.--(BUSINESS WIRE)-- Beacon (Nasdaq: BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that it has opened four greenfield branches to better serve both residential and non-residential roofing customers.

New branches in Lafayette, Indiana and La Crosse, Wisconsin will serve these upper Midwest markets. “Both locations are well positioned to provide a full range of exterior products to new and current customers seeking to grow their businesses in adjacent towns. Contractors will benefit from our team’s knowledge and service commitment, as well as access to helpful tools such as online ordering via our industry-leading Beacon PRO+® app,” commented Larry Augello, Beacon’s Regional Vice President, North Central.

The new branch in St. Augustine, Florida will further serve the First Coast area. “Beacon specializes in the building materials and services that this busy construction market requires. Our new location adds another convenient, well-stocked branch that includes our private-label TRI-BUILT^® product line that delivers professional results at a competitive price,” commented Jack Gill, Beacon’s Regional Vice President, Florida.

The new branch in Frisco, Texas will serve the Dallas-Fort Worth metroplex. “This Beacon location is the eleventh to serve this active new construction, repair and replacement market. We are pleased to join the fast-growing Frisco community and strengthen the Beacon OTC^® network that gets contractors what they need when they need it,” commented Peter Lippert, Regional Vice President, Texas.

Beacon continues to drive above market growth through footprint expansion via acquisitions and new greenfield branches. Adding locations and teams to deepen customer service is an important element of our Ambition 2025 plan. Beacon exceeded its Ambition 2025 revenue and shareholder return targets in 2023 and continues to advance its ongoing efforts to achieve its full potential.

About Beacon

Founded in 1928, Beacon is a publicly-traded Fortune 500 company that distributes specialty building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 580 branches throughout all 50 states in the U.S. and 7 provinces in Canada. Beacon serves an extensive base of approximately 110,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT^®, and has a proprietary digital account management suite, Beacon PRO+^®, which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250226510379/en/

INVESTOR CONTACT

Binit Sanghvi

VP, Capital Markets and Treasurer

Binit.Sanghvi@becn.com

972-369-8005

MEDIA CONTACT

Jennifer Lewis

VP, Communications and Corporate Social Responsibility

Jennifer.Lewis@becn.com

571-752-1048

Source: Beacon

FAQ

How many new greenfield branches did Beacon (BECN) open in its latest expansion?

Beacon opened 4 new greenfield branches in Lafayette (IN), La Crosse (WI), St. Augustine (FL), and Frisco (TX).

What markets will Beacon's (BECN) new branches serve?

The branches will serve the upper Midwest markets, First Coast area in Florida, and the Dallas-Fort Worth metroplex in Texas.

How is this expansion related to Beacon's (BECN) Ambition 2025 Plan?

The expansion supports Beacon's Ambition 2025 Plan by driving above-market growth through enhanced customer reach and footprint expansion.

How many Beacon (BECN) branches now serve the Dallas-Fort Worth metroplex?

With the new Frisco location, Beacon now has eleven branches serving the Dallas-Fort Worth metroplex.