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 …
Beacon Roofing Supply Sales Up 4.9% in 2Q
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 …
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