Beacon Roofing Supply (BECN) Misses Q4 EPS by 32c
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Beacon Reports Fourth Quarter and Fiscal Year 2021 Results
November 18, 2021 4:00 PM ESTRecord fiscal year 2021 performance, highlighted by strong net sales, net income, and Adjusted EBITDA, as well as significant balance sheet strengthening Execution on strategic initiatives produced meaningful gains throughout fiscal year 2021, including increased contribution from branches in the bottom quintile of operating performance Record fourth quarter net sales, including year over year growth across all three lines of business Significant fourth quarter gross margin expansion, driven by continued price execution Record fourth quarter net income and Adjusted EBITDA, yielding a second consecutive quarter of mid-single digit... More
