Beacon Roofing Supply (BECN) Misses Q2 EPS by 27c, Revenues Miss

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Go back to Beacon Roofing Supply (BECN) Misses Q2 EPS by 27c, Revenues Miss

Beacon Reports Second Quarter 2021 Results

May 6, 2021 4:00 PM EDT

Strong execution and favorable residential trends drove record second quarter net sales, seasonally strong net income (loss), and record Adjusted EBITDA, from continuing operations Second quarter net sales leveraged attractive residential demand, while gross margins benefited from healthy pricing environment and favorable mix Successful divestiture of Interior Products business sharpens management focus on growth in core exteriors business Accretive refinancing transactions in Q3 will result in improved balance sheet strength, enhanced flexibility and lower cash interest costs

HERNDON, Va.--(BUSINESS... More