Beacon Roofing Supply (BECN) Q2 Revenues Beats

Beacon Roofing Supply (NASDAQ: BECN) reported Q3 GAAP EPS of $0.91, which does not compare to the analyst estimate of $1.30. Revenue for the quarter came in at $1.87 billion versus the consensus estimate of $1.81 billion.

“I am extremely proud of the Beacon team, which delivered record-setting performance in the third quarter,” said Julian Francis, Beacon’s President and Chief Executive Officer. “Solid demand for our products, combined with strong price performance, drove record quarterly sales and enhanced gross margins. I am especially pleased with the progress we are making on our strategic initiatives that are focused on top line growth and operational improvement, which led to the highest Adjusted EBITDA in our history. In the last two quarters, we have restored financial flexibility to our balance sheet, added seasoned leadership to our executive team and focused our business on our core exterior products – all of which, combined with our expanded ESG initiative, underpin our ability to sustainably generate high quality returns for our stakeholders. I am excited about our progress towards achieving our full potential as we help our customers build more.”

For earnings history and earnings-related data on Beacon Roofing Supply (BECN) click here.

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