Beacon Roofing Supply (BECN) Reports Q2 Loss of $1.87/sh
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Beacon Reports Second Quarter 2020 Results
May 7, 2020 4:00 PM EDTMid-single digit Q2 daily sales growth prior to the mid-March COVID-19 outbreak
Enhanced liquidity and implemented cost actions in response to COVID-19
Record second quarter net sales of $1.46 billion, including 10.8% daily organic sales growth in non-residential roofing vs. prior year Consolidated gross margins of 23.5% vs. 23.4% in the prior year Net income (loss) of $(122.6) million; reflects impact of $142.6 million ($106.2 million net of taxes) non-cash Rebranding charge Adjusted Net Income (Loss) of $(12.5) million vs. $(24.9) million in the prior year Record second quarter Adjusted... More