Beacon set a company record for quarterly sales, with acquisitions largely driving year-over-year growth.
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The company appointed a new President for its North Division, effective Jan.1, as the current president transitions to Executive VP and CCO.
The move adds to Beacon’s more than 570 branches throughout the U.S. and Canada.
Beacon said pricing and organic volumes drove about 3% combined sales growth during the quarter.
Beacon expands its partnership with EagleView — an aerial imagery, software and analytics provider — to enhance its eCommerce platform.
Beacon expands its roofing supply footprint with the acquisition of Roofers Mart
Beacon's increase in residential and non-residential roofing product sales were primarily due to higher volumes driven by strong demand.
Adding five branches across Nebraska, Iowa and North Dakota, it's the fourth acquisition Beacon has announced in 2024.
To serve commercial roofing contractors in markets with construction upswings, Beacon added service in Canada and Minnesota.
Denver-based specialty waterproofing distributor Smalley & Company has 11 locations across the western U.S.
Beacon continues expanding rapidly, with three more branches now open to serve residential and commercial roofing contractors.
Acquisitions and greenfields powered strong volume growth, and the distributor bolted-on its second company in 2024.
Beacon will grow its service geography and design services for commercial roofers in the Carolinas with its first acquisition of 2024.
In 2023, roofing and other building supplies distributor Beacon opened 28 locations and acquired 21 branches through nine transactions.
The company's VP of Strategy and Transformation takes on interim CFO duties while Beacon conducts an external search for a permanent CFO.
Phil Lonegro has been Beacon's CFO since April 2020.
Beacon has expanded its branch footprint through nine acquisitions and the opening of 19 new greenfield locations this year.
Construction and building materials distributor Beacon opened three new locations to serve contractors and lumberyards.
Massachusetts-based distributor Garvin Construction Products joins Beacon's growing waterproofing division.
