Beacon Roofing Supply FY2015 Sales Up 8.1% - Modern Distribution Management

Beacon Roofing Supply FY2015 Sales Up 8.1%

Fourth quarter sales increased 8.4 percent year-over-year.

Beacon Roofing Supply Inc. (NASDAQ: BECN), Peabody, MA, reported sales for fiscal 2015 ended Sept. 30 of $2.5 billion, an increase of 8.1 percent year-over-year. Profit increased 15.8 percent to $62.3 million.

Sales for the fourth quarter were $787.7 million, up 8.4 percent compared to the same period a year ago. Profit increased 27.3 percent to $30.8 million.

"Adding to our solid financial results was the RSG acquisition, which helps us launch 2016 with 85 new branches, over $1.2 billion in pro forma revenue, an experienced and highly regarded workforce, and a broad new customer base," said Paul Isabella, president and CEO. "In 2016, we plan to continue our focus on revenue growth, both organically and through additional greenfields and acquisitions, as well as gross margin stability and improved operating leverage."

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