Beacon Roofing Supply (BECN) Q2 Revenues Beats
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Go back to Beacon Roofing Supply (BECN) Q2 Revenues Beats
August 5, 2021 4:00 PM EDT
Record 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
