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 Sales Decline 11% in 2Q
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.
  ;
Declines occurred across three major product lines: residential, non-residential and complementary products. Complementary product sales declined the least at 5.1%.
  ;
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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