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.
  ;
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 Organic Sales Down 2.1%
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.
  ;
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.
  ;
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 …
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