Beacon Roofing Supply Inc. (NASDAQ: BECN), Peabody, MA, reported sales for fiscal 2016 ended Sept. 30 of $4.1 billion, an increase of 64.1 percent year-over-year. Profit increased 30.7 percent to $89.9 million.
The company completed eight acquisitions in the fiscal year, highlighted by the acquisition of Roofing Supply Group, which had 83 locations in 24 states and represented Beacon's expansion into the Pacific Northwest.
Sales for the fourth quarter were $1.2 billion, up 49.1 percent compared to the same period a year ago. Profit increased 53.8 percent to $47.4 million.