The Zacks Building Products – Retail industry participants are likely to benefit from technology initiatives to bolster the e-commerce experience. Companies have been strengthening digital ecosystems, providing the best online assortments and bolstering omni-channel capabilities. Industry participants are also benefiting from accretive acquisitions, the focus on expanding supply-chain facilities and digital initiatives. Continued innovation, e-commerce expansion and strong demand are likely to benefit playe ...

Core Viewpoint - Beacon Roofing Supply, Inc. is actively pursuing its Ambition 2025 plan, focusing on geographic expansion and strategic acquisitions to enhance growth and shareholder value [1][3]. Group 1: Expansion Strategy - The company has recently expanded into two new locations: Attleboro, MA, and Mississauga, Ontario, Canada, to enhance its residential and commercial roofing services [2]. - The Attleboro branch will serve the Providence, Rhode Island metro and southeastern Massachusetts markets, while the Mississauga branch will cater to the Greater Toronto Area [2]. Group 2: Growth Initiatives - Beacon is concentrating on several strategic initiatives to drive long-term growth, improve customer experience, and increase top-line revenue and margins [3]. - The company is focusing on both organic and inorganic growth through bolt-on acquisitions and new branch openings [4]. Group 3: Recent Acquisitions - On May 1, 2024, Beacon announced the acquisition of Smalley & Company, adding 11 new locations across several states, which will enhance its waterproofing platform [4]. - In the trailing 12 months ending March 31, 2024, the company acquired 21 branches and opened 28 new locations [4]. Group 4: Market Performance - Shares of Beacon Roofing Supply have increased by 11.7% year-to-date, contrasting with a 4.3% decline in the Zacks Building Products - Retail industry, indicating strong performance driven by growth initiatives [5].

Well over a year ago, in September 2022, I performed my first-ever analysis into Beacon Roofing Supply (NASDAQ:BECN). As the company's name suggests, the firm operates as a distributor of roofing materials, as well as of other complementary building products. With a market capitalization of $5.94 billion as of this writing, the firm may not seem all that large. However, over the 90 years that it has been operating, it has grown to have 542 different branches from which it conducts business, spread across al ...

BEACON ROOFING SUPPLY, INC. FORM 10-Q For the Quarter Ended March 31, 2024 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically every ...

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Binit Sanghvi - Vice President, Capital Markets and Treasurer Julian Francis - President and Chief Executive Officer Carmelo Carrubba - Interim Chief Financial Officer Prithvi Gandhi - Chief Financial Officer Conference Call Participants Brian Biros - Thompson Research Group Trey Grooms - Stephens Inc. Michael Rehaut - JPMorgan Chase & Co. Mike Dahl - RBC Capital Markets Reuben Garner - The ...

First Quarter Financial Highlights BEACON REPORTS FIRST QUARTER 2024 RESULTS • Record first quarter net sales driven by growth across all three lines of business • Disciplined execution led to better-than-expected gross margin • Footprint expansion from acquired and newly opened branches enhancing customer reach and service • Added to our rapidly growing specialty waterproofing distribution platform with recent acquisition of Smalley & Co. • Continued execution on Ambition 2025 including strong growth in di ...

Beacon Roofing Supply, Inc. (BECN) acquired Omaha, NE-based building supplier — General Siding Supply.Over the past five decades, General Siding has been providing building supplies like siding, windows, and doors to Midwest contractors. Along with Omaha, it has branches in Lincoln and Grand Island as well as in Sioux City, IA and West Fargo, ND.With this acquisition, BECN expands its complementary building product offering and branch locations in key markets.Image Source: Zacks Investment ResearchShares of ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Beacon Roofing Supply (BECN) , which belongs to the Zacks Building Products - Retail industry.This roofing materials distributor has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 6.99%.For the most recent quarter, Beacon Roofing was expected to post ear ...

In line with its Ambition 2025 plan, Beacon Roofing Supply, Inc. (BECN) expands its footprint by opening new locations in Dieppe, New Brunswick, Canada and Spring Lake Park, MN. These branches aim to support building and roofing contractors, serving residential and commercial sectors.BECN’s new Dieppe branch expands its presence in the seventh Canadian province, serving the Atlantic Canada region. The branch is strategically positioned to tap into the region's growing construction sector driven by populatio ...

Beacon Roofing Supply, Inc. (BECN) inked a deal to acquire Denver, CO-based Smalley & Company.Smalley — a regional specialty waterproofing distributor — has been providing tailored sealant and waterproofing solutions to contractors, design professionals, and owners since 1967. In fact, it has become an industry leader through its dedication to being a vital link in the supply chain to contractors that perform a wide range of applications in the new construction and restoration markets. It has a presence in ...