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Beacon Expands Digital Platform to Support Canadian Customers

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Beacon (Nasdaq: BECN), a leading wholesale distributor of roofing and exterior products, has launched its digital platform, Beacon PRO+®, in Canada. This expansion provides Canadian roofing contractors with online capabilities to enhance efficiency in real-time. The platform, available in both English and French, offers features such as customized pricing, quotes, order history, templates, and online bill payment.

Charles Michaud, Regional VP for Canada, emphasized the platform's ability to help contractors stand out with improved responsiveness and planning. Jonathan Bennett, Chief Commercial Officer, highlighted the platform's 24/7 availability. During Q2 2024, digital sales reached approximately 26% of residential sales, reflecting growing demand for digital tools. This expansion aligns with Beacon's Ambition 2025 plan to drive above-market growth.

Beacon (Nasdaq: BECN), un importante distributore all'ingrosso di prodotti per tetti ed esterni, ha lanciato la sua piattaforma digitale, Beacon PRO+®, in Canada. Questa espansione fornisce ai contraenti di tetti canadesi capacità online per migliorare l'efficienza in tempo reale. La piattaforma, disponibile sia in inglese che in francese, offre funzionalità come prezzi personalizzati, preventivi, cronologia degli ordini, modelli e pagamento delle fatture online.

Charles Michaud, VP regionale per il Canada, ha sottolineato la capacità della piattaforma di aiutare i contraenti a distinguersi con una migliore reattività e pianificazione. Jonathan Bennett, Chief Commercial Officer, ha evidenziato la disponibilità 24/7 della piattaforma. Durante il secondo trimestre del 2024, le vendite digitali hanno raggiunto circa il 26% delle vendite residenziali, riflettendo la crescente domanda di strumenti digitali. Questa espansione è allineata con il piano Ambizione 2025 di Beacon per guidare una crescita superiore al mercato.

Beacon (Nasdaq: BECN), un distribuidor mayorista líder de productos para techos y exteriores, ha lanzado su plataforma digital, Beacon PRO+®, en Canadá. Esta expansión proporciona a los contratistas de techos canadienses capacidades en línea para mejorar la eficiencia en tiempo real. La plataforma, disponible en inglés y francés, ofrece funciones como precios personalizados, cotizaciones, historial de pedidos, plantillas y pago de facturas en línea.

Charles Michaud, VP Regional para Canadá, enfatizó la capacidad de la plataforma para ayudar a los contratistas a destacarse con una mejor capacidad de respuesta y planificación. Jonathan Bennett, Director Comercial, destacó la disponibilidad de la plataforma las 24 horas del día, los 7 días de la semana. Durante el segundo trimestre de 2024, las ventas digitales alcanzaron aproximadamente el 26% de las ventas residenciales, reflejando la creciente demanda de herramientas digitales. Esta expansión se alinea con el plan Ambición 2025 de Beacon para impulsar un crecimiento superior al del mercado.

비콘(Nasdaq: BECN), 지붕 및 외부 제품의 주요 도매 유통업체,은 캐나다에서 디지털 플랫폼인 Beacon PRO+®을 출시했습니다. 이번 확장은 캐나다의 지붕 계약자들에게 실시간으로 효율성을 높이기 위한 온라인 기능을 제공합니다. 이 플랫폼은 영어와 프랑스어로 제공되며, 맞춤형 가격, 견적, 주문 내역, 템플릿 및 온라인 청구서 결제와 같은 기능을 제공합니다.

캐나다 지역 부사장인 찰스 미쇼는 이 플랫폼이 계약자들이 개선된 응답성과 계획으로 두드러질 수 있도록 도와준다고 강조했습니다. 상업 책임자인 조너선 베넷은 플랫폼의 24/7 가용성을 강조했습니다. 2024년 2분기 동안, 디지털 판매는 주거용 판매의 약 26%에 달했습니다, 이는 디지털 도구에 대한 수요 증가를 반영합니다. 이번 확장은 시장 성장 이상을 주도하기 위한 비콘의 2025 야망 계획과 일치합니다.

Beacon (Nasdaq: BECN), un distributeur de gros leader dans les produits de toiture et extérieurs, a lancé sa plateforme numérique, Beacon PRO+®, au Canada. Cette expansion offre aux entrepreneurs en toiture canadiens des capacités en ligne pour améliorer l'efficacité en temps réel. La plateforme, disponible en anglais et en français, propose des fonctionnalités telles que des prix personnalisés, des devis, l'historique des commandes, des modèles et le paiement en ligne des factures.

Charles Michaud, VP régional pour le Canada, a souligné la capacité de la plateforme à aider les entrepreneurs à se démarquer grâce à une meilleure réactivité et planification. Jonathan Bennett, directeur commercial, a mis en avant la disponibilité de la plateforme 24/7. Au cours du deuxième trimestre 2024, les ventes numériques ont atteint environ 26% des ventes résidentiels, ce qui reflète la demande croissante pour les outils numériques. Cette expansion s'inscrit dans le plan Ambition 2025 de Beacon visant à stimuler une croissance supérieure au marché.

Beacon (Nasdaq: BECN), ein führender Großhändler für Dach- und Außenprodukte, hat seine digitale Plattform Beacon PRO+® in Kanada gestartet. Diese Expansion bietet kanadischen Dachdeckern Online-Funktionen zur Verbesserung der Effizienz in Echtzeit. Die Plattform, die sowohl in Englisch als auch in Französisch verfügbar ist, bietet Funktionen wie maßgeschneiderte Preise, Angebote, Bestellhistorie, Vorlagen und Online-Rechnungszahlung.

Charles Michaud, Regional VP für Kanada, betonte die Fähigkeit der Plattform, den Auftragnehmern zu helfen, sich mit verbesserter Reaktionsfähigkeit und Planung hervorzuheben. Jonathan Bennett, Chief Commercial Officer, hob die 24/7-Verfügbarkeit der Plattform hervor. Im zweiten Quartal 2024 erreichten die digitalen Verkäufe etwa 26% des Wohnverkaufs, was die wachsende Nachfrage nach digitalen Werkzeugen widerspiegelt. Diese Expansion steht im Einklang mit Beacons Ambition 2025-Plan zur Förderung eines Wachstums über dem Marktniveau.

Positive
  • Expansion of Beacon PRO+® digital platform to Canadian market
  • Digital sales reached 26% of residential sales in Q2 2024
  • Platform available in both English and French for Canadian customers
  • Aligns with company's Ambition 2025 plan for above-market growth
Negative
  • None.

Insights

Beacon's expansion of its digital platform, Beacon PRO+®, into the Canadian market is a strategic move with moderate impact. While it doesn't directly affect immediate financials, it positions the company for potential long-term growth in a key market. The platform's success in the U.S., evidenced by digital sales reaching 26% of residential sales, suggests a positive reception in Canada is likely.

However, the true impact will depend on adoption rates and how effectively it translates to the Canadian market. The bilingual offering (English and French) shows thoughtful localization. This expansion aligns with Beacon's Ambition 2025 plan, potentially driving above-market growth. Investors should monitor future earnings reports for signs of increased market share and revenue growth in Canada as indicators of this strategy's success.

Beacon PRO+® represents a significant technological advancement in the roofing industry. Its no-cost model and comprehensive features like customized pricing, quotes and online bill payment address key pain points for contractors. The platform's mobile accessibility is particularly noteworthy, allowing for real-time business management from any location.

The expansion to Canada demonstrates Beacon's commitment to digital transformation across its markets. However, the true test will be in the platform's scalability and performance as it handles increased load from Canadian users. Investors should pay attention to user adoption rates and any reported issues or enhancements in future updates. If successful, this digital strategy could become a competitive differentiator for Beacon in the wholesale distribution space.

Provides roofing contractors with online capabilities to gain efficiency in real-time

HERNDON, Va.--(BUSINESS WIRE)-- 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+®

Beacon PRO+®

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 and specifications optimized to their area and order templates to help ensure a complete and accurate order.

“I’m thrilled to make Beacon PRO+ available to our Canadian contractors in both English and French. The efficiencies gained will allow them to stand out from competitors with responsiveness and planning,” commented Charles Michaud, Regional Vice President for Canada at Beacon.

“Customers value the investment we have made to bring them features like customized pricing and quotes, order history and templates as well as online bill payment. Now, Canadian contractors can build their businesses faster with the confidence that Beacon PRO+ is on the job 24/7,” explained Jonathan Bennett, Chief Commercial Officer at Beacon.

Since 2017, Beacon has supported customers with digital capabilities to help them grow their businesses. During the three months ended June 30, 2024, digital sales reached approximately 26% of residential sales underscoring contractors growing demand for digital tools. Expanding our digital platforms and penetration is a key element of driving above market growth in our Ambition 2025 plan.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly-traded specialty distributor of building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 570 branches throughout all 50 states in the U.S. and 7 provinces in Canada. Beacon serves an extensive base of nearly 100,000 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.

INVESTOR CONTACT

Binit Sanghvi

VP, Capital Markets & 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

What is Beacon PRO+® and how is it expanding?

Beacon PRO+® is a digital platform for roofing contractors. It's expanding by launching in Canada, offering online capabilities to Canadian customers in both English and French.

What features does Beacon PRO+® offer to contractors?

Beacon PRO+® offers customized pricing, quotes, order history, templates, online bill payment, and 24/7 accessibility to help contractors manage their business and sales process efficiently.

How has Beacon's (BECN) digital sales performance been recently?

During the three months ended June 30, 2024, Beacon's digital sales reached approximately 26% of residential sales, indicating growing demand for digital tools among contractors.

How does the Beacon PRO+® expansion relate to Beacon's (BECN) growth strategy?

The expansion of Beacon PRO+® to Canada aligns with Beacon's Ambition 2025 plan, which aims to drive above-market growth through expanding digital platforms and penetration.

Beacon Roofing Supply, Inc.

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