Latest In Beacon Building Products (formerly Beacon Roofing Supply)

Profit for the distributor of roofing supplied nearly doubled year-over-year.

Both residential and non-residential roofing product sales increased at double digits.

Decline in residential roofing sales offset by nonresidential and complementary product sales increases.

Sales growth led by commercial and complementary product segments.

Paul M. Isabella, now the COO, will take the role at Beacon in January.

Challenging market and difficult year-over-year comparisons contributed to the decline.

CEO: Market conditions not improving at expected rate.

Severe winter weather and continued low levels of new construction contributed to sales declines for the distributor of roofing materials.

Fourth quarter sales for the distributor of roofing materials and building products were down 14% from the prior year.

Distributor of roofing materials and related products took over two branches in New Mexico and Oklahoma from a regional distributor.

Peabody, MA-based Beacon Roofing Supply Inc. reported sales for the third quarter 2009 fell 9.9% to $463.6 million from the prior-year period. Profit for the third quarter was $17.2 million, down slightly from the prior-year period.

Residential roofing sales increased 10.4% while non-residential roofing and complementary product sales declined 25.6% and 25.1%, respectively. Residential roofing sales benefited from higher average year-over-year prices as well as from strong, although diminishing, re-roofing activity in markets that were affected by Hurricane Ike. Nonresidential sales continued to slow significantly due to adverse economic conditions. Complementary product sales were negatively impacted by both the slowdown in the economy and lower levels of new construction.

Sales …

Beacon Roofing Supply, Inc., Peabody, MA, reported sales for the second quarter 2009 increased 4.9% to $319.3 million from the prior-year period.
 
Residential roofing sales increased 37.2% while non-residential (commercial) roofing and complementary product sales declined 12.6% and 27.1%, respectively. Residential roofing sales benefited from year-over-year price increases as well as from strong, although diminishing, re-roofing activity in markets that were affected by Hurricane Ike.
 
Non-residential sales slowed due, in part, to adverse winter conditions in the Company’s markets that have the largest concentration of commercial business. Complementary product sales continued to be negatively impacted by both the slowdown in the economy and lower levels of new …