Beacon Roofing Supply (BECN) Q2 Revenue Tops Consensus

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Go back to Beacon Roofing Supply (BECN) Q2 Revenue Tops Consensus

Beacon Reports Third Quarter 2020 Results

August 6, 2020 4:00 PM EDT

Cost actions drive improved Q3 operating margin percentage

Third quarter cash generation yields significant net debt reduction 

Net sales of $1.79 billion, a decrease of 6.9% vs. prior year; sales improvement throughout the quarter, with June daily sales flat vs. prior year Operating expense declined to $357.2 million (19.9% of sales) vs. $398.3 million (20.7% of sales) in the prior year, including a 10.2% decrease in SG&A expenses vs. prior year Adjusted Operating Expense of $306.3 million (17.1% of sales) vs. $339.2 million (17.6% of sales) in the prior year Net income (loss) of $(6.7)... More