Content about Beacon Roofing Supply

October 15, 2014

Beacon Roofing Supply has completed its acquisition of Dallas-based Wholesale Roofing Supply, a distributor of residential roofing materials.

With projected sales of about $34 million in 2014, WRS maintains a nine-acre facility in the Dallas suburb of Grand Prairie, serving the Dallas and Fort Worth areas.

WRS President Rick McLaughlin will remain onboard as leader of the unit after the transition is completed.

October 15, 2014

Beacon Roofing Supply has brought Christopher Harrison on board as EVP and chief human resources officer.

“I am very excited about Chris joining the Beacon team," said president and CEO Paul Isabella. "I am confident that his strength and experience will be a benefit for Beacon as we drive continuous improvement and growth through our entire organization. He will be a great addition to Beacon's senior management team.”

October 15, 2014

Beacon Roofing Supply has announced the appointment of Douglas Young to its board of directors, effective immediately.

Young is EVP at climate control company Lennox International, Inc., where he's worked since 1999. He also served as president and COO of that company's Residential Heating and Cooling division.

October 2, 2014

Beacon Roofing Supply has acquired Portland, Maine-based Applicators Sales & Service, a distributor of residential roofing, siding and windows.

“Applicators has an over 50-year history of superior customer service in Maine and New Hampshire and will further strengthen Beacon’s presence in northern New England," said Beacon president and CEO Paul Isabella. "The Koocher and Robinov families have built a great team and I am thrilled to welcome Applicators to Beacon.”

September 2, 2014

Herndon, Virginia-based Beacon Roofing Supply has acquired All Weather Products Ltd., a Vancouver-based distributor of roofing systems and accessories primarily for residential applications.

"We are very pleased to be joining Beacon not only because of its size and reputation in the industry but because Beacon shares AWP‘s belief that success comes from hard work and a commitment to your employees and customers," said AWP president and founder Ken Lillejord. "This is a very exciting time for us."

August 8, 2014

Beacon Roofing Supply reported what it referred to as "record third-quarter sales," which were up 5.8% year-over-year.

Net sales for the three months ended June 30, 2014, totaled $663.4 million, compared with $627.2 million in the same period last year.

Net income came in at $26.8 million, down slightly from $27.2 million year-over-year. The company's bottom line was negatively impacted by lower gross margins from reduced selling prices.

The third quarter diluted EPS was also down slightly -- weighing in at $0.54 (compared to $0.55 in 2013).

August 4, 2014

Consumer confidence jumped to new highs while unemployment backtracked to 6.2%. Stocks sputtered, but none so much as Beacon Roofing Supply (BECN).

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July 8, 2014

Tuesday limped along behind Monday's downturn, with Beacon Roofing Supply (BECN) falling 5.88% to a share price of $30.56.

June 30, 2014

Beacon Roofing Supply (BECN) made the most of Friday's upswell, gaining 1.91% percentage points for a share price of $33.65.

May 9, 2014

Herndon, Virginia-based Beacon Roofing Supply joined the long list of LBM-related companies to report a negative impact from severe winter weather.

Sales decreased 7.5% to $384.9 million during the company’s second quarter ended March 31. 

On an overall consolidated basis, residential roofing product sales decreased 12.1%, non-residential roofing product sales decreased 2.3%, and complementary product sales decreased 4.1%.

February 7, 2014

Herndon, Va.-based Beacon Roofing Supply celebrated solid top-line growth during a quarter that started fast and finished with some tough weather conditions.

The company posted first-quarter sales of $552.1 million, up 7.5% from $513.7 million in the same quarter last year. Net income slipped to $15.0 million, down from $18.2 million in the year-ago quarter.

November 27, 2013

Peabody, Mass.-based Beacon Roofing Supply CEO Paul Isabella added color to his company’s record sales performance for the quarter and the full year.

For the quarter, residential sales were up 4.8%, commercial sales were up 8.3%, and complementary sales were up 3.4%. “This marks two consecutive quarters where all three product lines have seen positive organic growth, 1.2% last quarter and 6% this quarter.”

November 26, 2013

Peabody, Mass.-based Beacon Roofing Supply reported fourth-quarter sales of $683.5 million, up 14.3% compared with the same quarter last year. 

In existing markets, residential roofing product sales increased 6.5%, non-residential roofing product sales increased 10.1%, and complementary product sales increased 5.0%.

November 5, 2013

Beacon Roofing Supply has announced the appointment of Brendan P. Daly as chief supply chain officer and Patrick G. Murphy as EVP business improvement.

October 1, 2013

Beacon Roofing Supply is moving its corporate headquarters from Peabody, Mass., to its Herndon, Va., corporate offices at 505 Huntmar Park Dr.

Beacon president and CEO Paul Isabella cited the start of the 2014 fiscal year, as well as the recent appointment of CFO Joe Nowicki, as fortuitous circumstances for relocation.

August 12, 2013

Beacon Roofing Supply reported strong gains in the third quarter, with sales up 12% on a year-over-year basis and net income up 7% from 2012's $25.4 million.

Specifically, net Q3 sales came in at $627 million versus last year's $561 million. Residential and non-residential roofing products sales increased 0.2% and 1.1%, respectively, in existing markets. Complementary product sales rose 5.2%.

Net income came in at $27.2 million, despite a company statement that Q3 performance was adversely affected by heavy rains and fewer hail storms.

June 19, 2013

Beacon Roofing Supply has appointed Jeanine Montgomery as VP and chief accounting officer, effective July 8. Montgomery is replacing current CAO Rick Welker, who will remain on board as acting CFO for approximately one month to assist with the transition.

June 10, 2013

Gas prices are holding steady at $3.63 per gallon, little changed in the course of a year. Unemployment is up slightly to 7.6%. And Beacon Roofing Supply leads the Home Channel Stock Roundup.

May 13, 2013

Peabody, Mass.-based Beacon Roofing Supply posted a second-quarter net loss of $0.2 million, compared with net income of $3.1 million in the same quarter last year.

Sales increased 5.3% to $416.3 million in the quarter.

CEO Paul Isabella described the second quarter as "challenging."

He added: "We experienced harsh weather conditions in many of our markets, and we were up against a very strong second quarter last year when our existing market sales were up 28%." 

March 18, 2013

Beacon Roofing Supply has appointed Joseph Nowicki as executive VP, chief financial officer and treasurer, effective March 25.

Beacon Roofing Supply has appointed Joseph Nowicki as executive VP, chief financial officer and treasurer, effective March 25. Nowicki will oversee finance, information technology and investor relations and will be located in the company's Herndon, Va., office.

February 15, 2013

The average price for a gallon of regular gas jumped a nickel in a week, and up 35 cents in month. On the Stock Roundup, Beacon Roofing Supply is riding high.

The average price for a gallon of regular gas jumped a nickel in a week, and up 35 cents in month. On the Stock Roundup, Beacon Roofing Supply is riding high.

February 8, 2013

Up against a strong comparison quarter, the specialty distributor saw total sales gain in its first quarter as organic sales declined.

Peabody, Mass.-based Beacon Roofing Supply sales increased 4.9% to $513.7 million in the first quarter, up from $489.9 million in the same quarter last year.

Existing-store sales declined 4.6%, or 7.7%, when adjusted to the same number of business days.

January 3, 2013

While searching for a permanent CFO, Peabody, Mass.-based Beacon Roofing Supply appointed Rick Welker to the position of acting CFO.

Welker is currently the company's VP and chief accounting officer. He replaces David Grace, who retired a the end of 2012. 

November 30, 2012

Beacon Roofing Supply, one of the nation’s largest distributors of roofing, siding and other exterior building products, reported sales of $598.1 million for its fourth fiscal quarter, a 3.9% increase from sales of $575.6 million in the same period a year ago.

November 5, 2012

Looking for winners and losers, an article from The Motley Fool points to Home Depot, Lowe’s and Beacon Roofing Supply, among others.