Raymond James Upgrades Beacon Roofing Supply (BECN) to Strong Buy

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Go back to Raymond James Upgrades Beacon Roofing Supply (BECN) to Strong Buy

Beacon Roofing Supply Reports First Quarter 2016 Results

February 5, 2016 8:00 AM EST

Record first quarter sales of $976.5 million vs. $596.0 million in prior year (63.8% growth) First quarter organic growth of 11.8% in existing markets (15.3% growth in Residential roofing products) First quarter gross margin improvement of 80 basis points to 23.9% of sales Record first quarter Adjusted EPS of $0.41 vs. $0.26 in prior year (57.7% growth) Completed four acquisitions: Roofing Supply Group (RSG), RCI Roofing Supply, Roofing & Insulation Supply and Statewide Wholesale

HERNDON, Va.--(BUSINESS WIRE)-- Beacon Roofing Supply, Inc. (the "Company") (NASDAQ:... More