Welcome to our dedicated page for Beacon Roofing Supply news (Ticker: BECN), a resource for investors and traders seeking the latest updates and insights on Beacon Roofing Supply stock.
Beacon Roofing Supply Inc. (BECN) is a leading North American distributor of roofing materials and complementary building products, serving contractors and construction professionals through its extensive network. This dedicated news hub provides investors and industry stakeholders with comprehensive access to corporate developments shaping the building materials sector.
Track official announcements including quarterly earnings, strategic acquisitions, and product line expansions. Our curated collection features press releases on leadership updates, operational milestones, and market positioning moves within the competitive construction supply industry.
All content is sourced directly from verified corporate communications, ensuring reliable insights into BECN's initiatives across residential and commercial markets. Bookmark this page for streamlined monitoring of material developments affecting Beacon Roofing Supply's role in the evolving building materials landscape.
Beacon (Nasdaq: BECN) is set to release its earnings results for the quarter ending March 31, 2023, after market close on May 4, 2023. The company will host a conference call at 5:00 p.m. ET that same day for analysts and investors to discuss the financial results. Beacon is a leading distributor of building products, operating over 480 branches across the U.S. and Canada, serving around 100,000 customers. Known for its private label brand TRI-BUILT® and the Beacon PRO+ digital management suite, the company aims to enhance customer support throughout the business lifecycle. The earnings call will be accessible through the company's website for interested parties.
Beacon (Nasdaq: BECN) has successfully completed the acquisitions of Al’s Roofing Supply, Inc. and Prince Building Systems, LLC, enhancing its residential building products services in California and the Midwest. Al’s, with over 40 years of experience, operates four branches in the San Francisco Bay Area, while Prince Building Systems serves several Midwest states including Wisconsin and Illinois. These acquisitions align with Beacon's 'Ambition 2025' goals, focusing on strategic growth and service expansion to an extensive customer base. Both companies will leverage Beacon’s network to enhance service offerings and operational capabilities.
Beacon (Nasdaq: BECN) has announced the opening of a new greenfield location in West Bend, Wisconsin, expanding its services to the greater Milwaukee market. This branch will support customers in Washington County and is stocked with top brands, including its own TRI-BUILT® products. This opening is part of Beacon's strategy to accelerate growth, following 16 greenfield openings in 2022, with 15 more planned for 2023. The new location aligns with their Ambition 2025 strategy.
Beacon (Nasdaq: BECN) has opened nominations for the 2023 North American Female Roofing Professional of the Year in recognition of women's contributions in the roofing industry, coinciding with International Women’s Day. Nominations will be accepted until
Beacon announced record results for the fourth quarter and full year 2022, achieving net sales of $1.97 billion and $8.43 billion respectively. Net income from continuing operations reached $73.3 million in Q4 and $458.4 million for the year, both up from last year. Adjusted EBITDA also hit an all-time high of $178.5 million in Q4 and $910 million for the year. Key drivers included successful price increases, with weighted-average selling prices up 20-21%. The company completed 22 acquisitions in 2022, enhancing its product offering, particularly in waterproofing. With strong cash generation, Beacon enters 2023 poised for growth and shareholder returns.
Beacon (Nasdaq: BECN) announced the appointment of Racquel Harris Mason to its Board of Directors, effective March 16, 2023.
Ms. Mason, 53, brings extensive management and marketing expertise, having served as EVP and CMO at Elanco Animal Health and held senior positions at the Coca-Cola Company. Her experience includes a focus on digital transformation and strategic marketing, which may enhance Beacon’s Ambition 2025 plan. Beacon operates over 480 branches in the U.S. and Canada, providing building products to nearly 100,000 customers.
