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Beacon Roofing Supply, Inc. - BECN STOCK NEWS

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. (NASDAQ: BECN) stands as one of North America's largest distributors of residential and non-residential roofing and complementary building products. With a comprehensive network encompassing 359 locations across 45 states in the U.S. and 6 Canadian provinces, Beacon proudly employs over 4,000 dedicated professionals. Our reputation in the building supply industry is founded on the principles of quality people, quality service, and quality products.

Beacon primarily caters to contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers. Our extensive product portfolio includes residential and non-residential roofing materials, siding, windows, and waterproofing systems, with the majority of our revenue generated from roofing products. A significant portion of our revenue emanates from the United States.

Founded in 1928, Beacon has grown to become a Fortune 500 company, and our stock is actively traded on the Nasdaq Global Select Market under the ticker symbol BECN. We are recognized for our robust branch network and diverse service offerings, which enable us to serve nearly 100,000 customers effectively. Our private label brand, TRI-BUILT®, and our proprietary digital account management suite, Beacon PRO+, allow customers to manage their businesses seamlessly online.

Beacon's continuous commitment to innovation and customer satisfaction is evident in our recent achievements. We have recently announced the commencement of an underwritten secondary public offering of 5,218,134 shares of our common stock by CD&R Boulder Holdings, L.P., with RBC Capital Markets acting as the sole underwriter. This offering, expected to close soon, showcases our dynamic and growth-oriented approach.

With regional brands like Alabama Roofing Supply, All Weather Products, Beacon Roofing Supply Canada Company, Beacon Sales, Best Distributing, Cassady Pierce, and Coastal Metal Service, we maintain a strong and diverse market presence. Beacon remains dedicated to expanding its footprint and enhancing its product and service offerings to better serve our extensive and varied customer base.

For those interested in joining our team, we invite you to explore career opportunities available on our corporate website. Our commitment to fostering a supportive and engaging work environment ensures that our employees can thrive and contribute to our ongoing success.

News
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Beacon (Nasdaq: BECN) expands its presence by opening new branches in Florida and Michigan to cater to building and roofing contractors. The company's strategic move aligns with its Ambition 2025 plan, focusing on growth and customer service.
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Beacon (Nasdaq: BECN) launches the fourth annual North American Female Roofing Professional of the Year campaign to celebrate women in the roofing industry. Nominations are open until April 10, with finalists announced in May and winners in June. The initiative aims to recognize women's excellence, commitment to safety, and community building in the roofing sector.
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Beacon (BECN) recognizes three supplier partners with awards for their service commitment in 2023, highlighting strong partnerships and innovation. Klauer Manufacturing, Lomanco, and GAF received awards for their contributions to Beacon's growth and success.
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Beacon (BECN) reports record fourth quarter and full year net sales, strong net income, and highest Adjusted EBITDA in history. The Ambition 2025 strategy drives growth through enhanced sales capabilities, greenfield investments, and M&A. The company focuses on pricing execution, productivity, and cash flow generation to fuel future growth and shareholder returns.
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Beacon (Nasdaq: BECN) acquires Metro Sealant & Waterproofing Supply, expanding its service offerings in the Mid-Atlantic region. Metro Sealant brings 35 years of expertise in commercial construction waterproofing solutions. Beacon aims to enhance customer experience and resiliency in the built environment through this acquisition.
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Beacon (Nasdaq: BECN) announced the release of its earnings results for the quarter and full year ended December 31, 2023, with a scheduled conference call and webcast to discuss its financial results on February 27, 2024. Interested parties can register to listen to the earnings call and view accompanying slides on the Company’s website.
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Beacon (Nasdaq: BECN) has completed the acquisition of Roofers Supply of Greenville, expanding its service geography and design services in the Carolinas. The acquisition aims to drive above market growth for existing and new customers, as Beacon continues to pursue its goal of becoming the top commercial roofing distributor in North America. The company exceeded its revenue and shareholder return targets for 2023 and is making strides towards achieving its Ambition 2025 plan.
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Beacon (BECN) announced the pricing of a secondary public offering of 5,218,134 shares of Beacon's common stock by an entity affiliated with CD&R Boulder Holdings, L.P. RBC Capital Markets is the sole underwriter, with the offering expected to close on January 22, 2024. The selling stockholder will receive all net proceeds, and Beacon will not receive any proceeds from the offering. The last reported sale price on the Nasdaq Global Select Market of Beacon common stock on January 18, 2024 was $84.21 per share.
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Beacon (BECN) announced a secondary public offering of 5,218,134 shares of common stock by an affiliate of Clayton, Dubilier & Rice, LLC. RBC Capital Markets is the sole underwriter. After the offering, the selling stockholder will not hold any shares, and Beacon will not receive any proceeds. The total number of Beacon's shares outstanding will not change. The last reported sale price of Beacon's common stock was $84.12 per share. The offering will be made through various methods and is being conducted under Beacon's effective shelf registration statement on Form S-3ASR under the Securities Act of 1933.
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Beacon (Nasdaq: BECN) has announced the opening of 49 new branches in 2023, including new locations in Conroe, TX and Goldsboro, NC. The expansion aims to serve residential and commercial roofing contractors and lumberyards, with a focus on providing high-quality products and services. Beacon's Ambition 2025 plan emphasizes footprint expansion to drive above-market growth and better serve customers.
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FAQ

What is the current stock price of Beacon Roofing Supply (BECN)?

The current stock price of Beacon Roofing Supply (BECN) is $113.62 as of December 4, 2024.

What is the market cap of Beacon Roofing Supply (BECN)?

The market cap of Beacon Roofing Supply (BECN) is approximately 7.0B.

What is Beacon Roofing Supply, Inc.?

Beacon Roofing Supply, Inc. is one of the largest distributors of residential and non-residential roofing and complementary building products in North America.

Where does Beacon Roofing Supply operate?

Beacon operates in 45 states in the U.S. and 6 Canadian provinces with 359 locations.

What products does Beacon Roofing Supply offer?

Beacon offers residential and non-residential roofing materials, siding, windows, and waterproofing systems.

How can I invest in Beacon Roofing Supply?

Beacon Roofing Supply's stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN.

Who are Beacon’s main customers?

Beacon's key customers include contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers.

What is Beacon PRO+?

Beacon PRO+ is Beacon's proprietary digital account management suite that allows customers to manage their businesses online.

What are some of Beacon’s regional brands?

Beacon’s regional brands include Alabama Roofing Supply, All Weather Products, Beacon Roofing Supply Canada Company, Beacon Sales, Best Distributing, Cassady Pierce, and Coastal Metal Service.

How many employees does Beacon have?

Beacon employs over 4,000 people.

What recent financial activity has Beacon undertaken?

Beacon has recently commenced an underwritten secondary public offering of 5,218,134 shares of its common stock.

Does Beacon offer career opportunities?

Yes, Beacon offers various career opportunities. You can explore them on their corporate website.

Beacon Roofing Supply, Inc.

Nasdaq:BECN

BECN Rankings

BECN Stock Data

7.03B
61.45M
0.63%
98.85%
2.54%
Industrial Distribution
Wholesale-lumber & Other Construction Materials
Link
United States of America
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