Beacon Expands Customer Service in Texas and Florida

Rhea-AI Summary

Beacon has opened two new branches in Houston, TX and North Port, FL, expanding its service capacity in key markets. The Houston facility serves as a hub for the OTC Network, featuring 125,000 square feet of inventory, while the North Port branch has 30,000 square feet. These expansions aim to enhance customer service and create dozens of new jobs, reflecting the company's commitment to organic growth. The new locations will cater to both residential and non-residential clients, promoting Beacon's own TRI-BUILT brand alongside other leading products.

Positive

• Opening of new branches in key markets to enhance service.
• Houston branch serves as a hub for the OTC Network, optimizing inventory and customer service.
• Creation of dozens of new jobs in local communities.

Negative

• None.

New branches opened in Houston, TX and North Port, FL

HERNDON, Va.--(BUSINESS WIRE)-- Beacon (Nasdaq: BECN) announced today that it has opened two new branches to expand service to customers in the Houston, TX, and North Port-Bradenton-Sarasota, FL market areas. The two new distribution facilities demonstrate the Company’s continued focus on investing resources in key markets as part of its organic growth strategic initiative.

The Houston, TX location is a Beacon OTC^® Network hub. Beacon’s OTC Network is a strategic initiative designed to raise service levels by sharing resources, inventory, and systems to deliver an outstanding customer experience. This hub houses approximately 125,000 square feet of inventory as well as dedicated will-call locations and central dispatch operations. The North Port, FL location houses approximately 30,000 square feet of inventory. Both branches serve residential and non-residential customers with leading brands of roofing and complementary products, including Beacon’s own TRI-BUILT brand.

“These new branches are examples of marrying our strategic initiatives to drive organic growth and, at the same time, leverage our distribution network to enhance customer service, optimize inventory, and lower the cost to serve. In addition, these two locations bring dozens of new well-paying jobs to their communities and will create additional career paths for current employees,” commented Julian Francis, President & CEO of Beacon.

Note: Branch photos available on request

Forward-Looking Statements

This press release contains information about management’s view of Beacon’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. These forward-looking statements relate to, among other things, expectations regarding the closing of the Notes offering and Beacon’s proposed new amended and restated senior secured credit facilities and the use of proceeds therefrom, including the 2025 Notes redemption. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, those set forth in the “Risk Factors” section of Beacon’s latest Form 10-K and subsequent filings with the U.S. Securities and Exchange Commission. In addition, the forward-looking statements included in this press release represent Beacon’s views as of the date of this press release and these views could change. However, while Beacon may elect to update these forward-looking statements at some point, Beacon specifically disclaims any obligation to do so, other than as required by federal securities laws. These forward-looking statements should not be relied upon as representing Beacon’s views as of any date subsequent to the date of this press release.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of roofing materials and complementary building products in North America, operating over 400 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of over 90,000 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/20211006005837/en/

INVESTOR CONTACT

Binit Sanghvi

Head of Investor Relations

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

What is the significance of the new branches opened by Beacon in Houston and North Port?

The new branches enhance service capacity and reflect Beacon's commitment to organic growth.

How large are the new Beacon branches in Houston and North Port?

The Houston branch features 125,000 square feet of inventory, while the North Port branch has 30,000 square feet.

What services will the new Beacon branches provide?

Both branches serve residential and non-residential customers with roofing products, including Beacon's TRI-BUILT brand.

When were the new branches in Houston and North Port opened?

The press release announcing the openings was made on October 6, 2021.

What is the purpose of Beacon's OTC Network?

The OTC Network aims to enhance service levels by sharing resources, inventory, and systems.