Beacon Roofing Supply, Inc. (BECN) is slated to report fourth-quarter 2023 results on Feb 27, after the closing bell.In the last reported quarter, the company’s adjusted earnings topped the Zacks Consensus Estimate by 12.2% but net sales missed the mark by 0.2%. Both earnings and net sales grew 26.7% and 7%, respectively, from the year-ago quarter’s level.The company’s earnings have topped the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 11.1%.Trend in Estimate Revi ...

Wall Street analysts expect Beacon Roofing Supply (BECN) to post quarterly earnings of $1.69 per share in its upcoming report, which indicates a year-over-year increase of 38.5%. Revenues are expected to be $2.28 billion, up 15.6% from the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a company's earnings di ...

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Mark Hochleitner/iStock via Getty ImagesSynopsis Beacon Roofing Supply (NASDAQ:BECN) is a company that sells roofing and building products. BECN’s past three years’ financials have shown strong revenue growth. On top of that, its margins have been gradually expanding as well. In its preliminary FY2023 results, BECN said revenue is expected to continue growing and reach ~$9.1 billion. In terms of margins, it is expected to remain robust year-over-year. Looking ahead, demand for roofing is expected to rem ...

HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) announced today that it has completed the acquisition of Metro Sealant & Waterproofing Supply, Inc. (“Metro Sealant”) headquartered in Springfield, VA with three additional branches located in Ashland, VA, Linthicum, MD, and Virginia Beach, VA. Metro Sealant has a 35-year history serving contractors, design professionals, and owners with tailored sealant and waterproofing solutions for commercial construction. “We are proud to join the Beacon team and ...

Beacon Roofing Supply, Inc. (BECN) acquired Greenville, SC-based Roofers Supply of Greenville, with two additional branches located in Charlotte and Raleigh, NC.The acquisition will help BECN expand its geography and design services in the Carolinas, particularly for commercial roofers. Beacon's shares inched up 1% on Feb 1.Strategic Efforts to Boost Sales in the FutureBeacon has undertaken several strategic initiatives to drive its long-term ambition of growing and enhancing customer experiences, expanding ...

HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) announced today that it has completed the acquisition of Roofers Supply of Greenville (“Roofers Supply”) headquartered in Greenville, SC with two additional branches located in Charlotte, NC and Raleigh, NC. Roofers Supply has a more than 40-year history in commercial roofing throughout the southeast. “We are excited to join the Beacon team. Our contractors and employees will benefit from combining our expertise, scope, and size,” commented Chris Cause ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Score ...

HERNDON, Va., Jan. 18, 2024 /PRNewswire/ -- Beacon (NASDAQ: BECN) ("Beacon") announced today the pricing of the previously announced underwritten secondary public offering of 5,218,134 shares of Beacon's common stock by CD&R Boulder Holdings, L.P., an entity affiliated with Clayton, Dubilier & Rice, LLC. RBC Capital Markets is acting as the sole underwriter in the registered public offering of these shares. The offering is expected to close on January 22, 2024, subject to the satisfaction of customary closi ...