Beacon Roofing Supply (BECN) Q2 Revenues Beats
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Beacon Reports Third Quarter 2021 Results
August 5, 2021 4:00 PM EDTRecord quarterly net sales, generated by favorable residential demand, strong pricing execution, and improving nonresidential backdrop Significant gross margin expansion through focused pricing implementation, combined with timing benefit and cost-effective procurement Operating expense leverage demonstrates execution on efficiency initiatives; continued impact of COVID-19 on certain expense categories Record net income and Adjusted EBITDA performance, yielding mid-single digit net income margins and double digit Adjusted EBITDA margins Improving inventory position, renewed balance sheet strength, and expected cash generation provide foundation to invest in growth
HERNDON, Va.--(BUSINESS... More
