Beacon Expands Service With New Locations in Georgia and Texas

Rhea-AI Summary

Beacon (Nasdaq: BECN), a leading wholesale distributor of roofing and exterior products, has expanded its service with new locations in Athens, Georgia and Midlothian, Texas. The Athens branch serves residential and commercial markets, including the University of Georgia, offering a complete product catalog and access to the Beacon PRO+ app. The Midlothian branch is the tenth location in the Dallas-Fort Worth metroplex, enhancing convenience for contractors.

Beacon has opened 12 new locations and completed seven acquisitions, adding 28 branches year-to-date in 2024. This expansion aligns with the company's Ambition 2025 plan, which aims to drive above-market growth and improve customer service. Notably, Beacon has already exceeded its Ambition 2025 revenue and shareholder return targets two years ahead of schedule.

Positive

• Opened new locations in Athens, Georgia and Midlothian, Texas, expanding market presence
• Added 12 new locations and completed 7 acquisitions, totaling 28 new branches in 2024
• Exceeded Ambition 2025 revenue and shareholder return targets two years early
• Expanded service offerings including Beacon PRO+ app and TRI-BUILT product line
• Improved logistics efficiency with Beacon OTC network for timely deliveries and reduced emissions

Negative

• None.

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 opened new locations in Athens, Georgia and in Midlothian, Texas.

The new branch in Athens, Georgia serves the area’s residential and commercial markets including the University of Georgia. “Our complete product catalog, including the TRI-BUILT® line, is now available for customers in Athens. We are also pleased to give roofing contractors in the area access to our Beacon PRO+® app to run their businesses more efficiently,” explained Lynn France, Regional Vice President, Southeast.

The new branch in Midlothian, Texas serves the area’s residential and commercial markets. “We now have ten locations in the Dallas-Fort Worth metroplex making it easier for contractors who want a convenient branch to pick up materials. For contractors who require job-site delivery, the Beacon OTC® network links our inventory and fleet allowing us to deliver on time, conserve fuel and reduce emissions,” commented Peter Lippert, Regional Vice President, Texas

Beacon has opened 12 new locations and completed seven acquisitions that added 28 branches year-to-date in 2024. Expanding our customer service with additional locations is an important element of our Ambition 2025 plan. We continue to deliver on our commitments to drive above-market growth to better serve customers. The company exceeded its Ambition 2025 revenue and shareholder return targets two years early and is advancing on achievement of its full plan.

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 560 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 service capabilities to provide high-quality products and support throughout the entire project 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/20240719279899/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 locations has Beacon (BECN) opened in 2024?

Beacon has opened 12 new locations and completed seven acquisitions that added 28 branches year-to-date in 2024.

What is Beacon's (BECN) progress on its Ambition 2025 plan?

Beacon has exceeded its Ambition 2025 revenue and shareholder return targets two years early and is advancing on achievement of its full plan.

Where are Beacon's (BECN) new locations opened in 2024?

Beacon has opened new locations in Athens, Georgia and Midlothian, Texas, among others.

How many locations does Beacon (BECN) have in the Dallas-Fort Worth area?

Beacon now has ten locations in the Dallas-Fort Worth metroplex with the addition of the new Midlothian, Texas branch.