Beacon Roofing Supply, Inc., Peabody, MA, reported that sales for its fiscal 2009 first quarter were up 16.3% to $463.3 million. Residential roofing sales were up 58.5% and non-residential (commercial) roofing and complementary product sales declined 4.7% and 17.5% respectively.
According to Beacon, residential roofing sales benefited from year-over-year price increases as well as from strong re-roofing activity in markets that were affected by Hurricane Ike. Non-residential sales slowed due, in part, to early winter conditions in 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 construction.
Profit for the first quarter …
Latest In Beacon Building Products (formerly Beacon Roofing Supply)
Beacon Roofing Supply, Inc., Peabody, MA, reported sales increased 6.1% to $514.6 million in third quarter 2008 compared with the year-ago period. Organic growth was 5.9%.
Residential and non-residential roofing sales increased 12.4% and 7.4%, respectively, while complementary product sales declined 11.3%. Roofing product sales benefited from a rapid rise in prices during the third quarter as well as from strong re-roofing activity in storm-affected regions and continued strength in commercial roofing activity in most markets.
Complementary product sales continued to be hampered by the slowdown in new residential construction.
Profit for the third quarter was $18.3 million compared with $11.5 million in 2007, an increase of 59%. According to …
Roofing supplies distributor Beacon Roofing Supply, Inc., Peabody, MA, reported sales in its first half were up 5.3% to $702.6 million from the same period a year ago. Growth was due to acquisitions. Sales in existing markets fell 9.8%.
Beacon recorded a net loss for the first half of $2.9 million, compared with profit of $2.5 million in 2007.
Robert Buck, CEO, said: Our second quarter sales and profits remained below our goals and we certainly are disappointed with the first half net loss. However, gross margins in our existing markets appear to be stabilizing and we are seeing additional benefits from our cost containment measures.
“We continuously evaluate the performance and projections of every one of our branches and regions as we look to …
Beacon Roofing Supply, Inc., Peabody, MA, reported sales were up 4.8% to $398.4 million in the first quarter 2008 ended Dec. 31, 2007. The increase was due to $64.7 million in acquired sales.
Organic growth was down 12.2%, caused by declines of 18.9% and 15.2% in residential roofing and complementary product sales, respectively, with non-residential roofing sales in existing market down just 0.1%.
Profit for the quarter was $5.2 million, a decline of 40.5% from the prior-year …
Beacon Roofing Supply Inc., Peabody, MA, reported sales grew 9.7% to $1.65 billion in fiscal 2007, reflecting acquisitions made during the year. Existing market sales fell 4.8%, with decreases in residential roofing and complementary building product sales.
Existing market non-residential sales were up 2.7%.
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Profit was $25.3 million in 2007, down from $49.3 million in 2006.
In the fourth quarter 2007, sales were up 14.% to $493.8 million from the same period a year ago.
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The increase was due to the acquisitions completed since last year’s fourth quarter, including North Coast Commercial Roofing Systems. The positive impact from the acquisitions was offset by a decline of 8.3% in existing market sales caused by a 16.4% decline in …
Beacon Roofing Supply, Inc., Peabody, MA, reported sales increased 19.1% to $484.9 million in the third quarter 2007 from the same period a year ago. The increase was primarily due to acquisitions.
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Organic growth was down 2.1% due to an 8.1% decline in residential roofing sales. There have been continued lower levels of new home construction activities in most markets and flat-to-declining prices. In addition, there has been a significant slowdown in reconstruction and reroofing activities in the markets that experienced damages from Hurricanes Katrina and Rita.
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Non-residential roofing and complementary product sales in existing markets increased 5.2% and 1.7%, respectively. There have been continued high levels of commercial construction activities in most …
Beacon Roofing Supply, Inc., Peabody, MA, reported sales in the second quarter 2007 dropped 11% to $286.9 million. The decline was partially offset by acquisitions made since the second quarter of last year.
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Declines occurred across three major product lines: residential, non-residential and complementary products. Complementary product sales declined the least at 5.1%.
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The existing market sales decline can be attributed to harsher winter conditions this year in the Northeast, Midwest and Canada, reduced new home construction activity in certain markets, and a flattening of inflation. In addition, Beacon reported a significant slowdown in reconstruction and reroofing activities in the markets that experienced damages from Hurricanes Katrina and Rita.
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Beacon Roofing Supply, Inc., Peabody, MA, has agreed to acquire North Coast Commercial Roofing Systems, Inc., a Twinsburg, OH-based distributor of commercial roofing systems and related accessories, with 16 locations in eight U.S. states.
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North Coast has branches in Ohio, Illinois, Indiana, Kentucky, Michigan, New York, Pennsylvania and West Virginia. There is minimal overlap with Beacon’s existing locations.
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North Coast gives Beacon with its first locations in three states: New York, Ohio and West Virginia. North Coast employs 197 associates and had sales of about $253 million for the fiscal year ended March 31, 2006.
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It will operate as a separate region under the North Coast name.
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Beacon …
Roofing and building product distributor Beacon Roofing Supply, Inc. reported sales in the first quarter 2007 increased 11.9% to $380.2 million in 2007 from the same period a year ago. Organic sales declined 5.5% in 2007 but increased 2.3% on a per business day basis.
The existing market growth rate was still below the high pace of recent quarters and can be attributed, in part, to a significant slowdown in new residential construction, a flattening of inflation and the prior-year extensive re-roofing and reconstruction activities in some of the company’s markets following Hurricanes Katrina and Rita. A negative sales trend continued into the first month of the second quarter of this year, which may not be reflective of the entire quarter’s sales results due to the …
