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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.

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Beacon (Nasdaq: BECN) has acquired H&H Roofing Supply, LLC of Bakersfield, CA. H&H Roofing has been serving the Bakersfield community for 20 years. With this acquisition, Beacon expands its presence in the Central Valley and now has 33 branches in California. Beacon aims to drive above-market growth through expansion and acquisitions.
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Beacon (Nasdaq: BECN) has opened new locations in Salinas, CA, Frederick, CO, and Seguin, TX to serve residential and commercial contractors and lumberyards. The new branches will provide a full catalog of products and digital tools to help contractors grow their businesses. Beacon has opened 19 greenfields and completed eight acquisitions in 2023 as part of their Ambition 2025 plan.
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Beacon (Nasdaq: BECN) to release earnings results for Q3 2023 on November 2, 2023
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Beacon completes acquisition of waterproofing distributor Garvin Construction Products, expanding its building envelope capabilities. Beacon's Ambition 2025 plan to grow above market is on track with eight acquisitions and 16 new locations opened in 2023.
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Beacon opens new branches in Michigan and Tri-State area, driving above-market growth.
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Beacon completes acquisition of S&H Building Material Corporation, expanding its presence in the Long Island market.
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Beacon Roofing Supply, Inc. has announced the pricing of a secondary public offering of 5 million shares of its common stock by CD&R Boulder Holdings, L.P. The offering price is set at $83.65 per share, and the offering is expected to close on August 10, 2023.
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Beacon Roofing Supply, Inc. announces a secondary public offering of 5 million shares of common stock by CD&R Boulder Holdings. Morgan Stanley is the sole underwriter. The selling stockholder will receive the net proceeds. No shares are being sold by Beacon.
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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 $103.68 as of January 9, 2025.

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

The market cap of Beacon Roofing Supply (BECN) is approximately 6.4B.

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

6.42B
61.45M
0.63%
98.85%
1.83%
Industrial Distribution
Wholesale-lumber & Other Construction Materials
Link
United States of America
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