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Beacon Roofing Supply Inc - BECN STOCK NEWS

Welcome to our dedicated news page for Beacon Roofing Supply (Ticker: BECN), a resource for investors and traders seeking the latest updates and insights on Beacon Roofing Supply.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Beacon Roofing Supply's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Beacon Roofing Supply's position in the market.

Rhea-AI Summary
Beacon (BECN) reports record fourth quarter and full year net sales, strong net income, and highest Adjusted EBITDA in history. The Ambition 2025 strategy drives growth through enhanced sales capabilities, greenfield investments, and M&A. The company focuses on pricing execution, productivity, and cash flow generation to fuel future growth and shareholder returns.
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earnings
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Rhea-AI Summary
Beacon (Nasdaq: BECN) acquires Metro Sealant & Waterproofing Supply, expanding its service offerings in the Mid-Atlantic region. Metro Sealant brings 35 years of expertise in commercial construction waterproofing solutions. Beacon aims to enhance customer experience and resiliency in the built environment through this acquisition.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
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acquisition
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Rhea-AI Summary
Beacon (Nasdaq: BECN) announced the release of its earnings results for the quarter and full year ended December 31, 2023, with a scheduled conference call and webcast to discuss its financial results on February 27, 2024. Interested parties can register to listen to the earnings call and view accompanying slides on the Company’s website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.3%
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earnings
Rhea-AI Summary
Beacon (Nasdaq: BECN) has completed the acquisition of Roofers Supply of Greenville, expanding its service geography and design services in the Carolinas. The acquisition aims to drive above market growth for existing and new customers, as Beacon continues to pursue its goal of becoming the top commercial roofing distributor in North America. The company exceeded its revenue and shareholder return targets for 2023 and is making strides towards achieving its Ambition 2025 plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
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acquisition
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Rhea-AI Summary
Beacon (BECN) announced the pricing of a secondary public offering of 5,218,134 shares of Beacon's common stock by an entity affiliated with CD&R Boulder Holdings, L.P. RBC Capital Markets is the sole underwriter, with the offering expected to close on January 22, 2024. The selling stockholder will receive all net proceeds, and Beacon will not receive any proceeds from the offering. The last reported sale price on the Nasdaq Global Select Market of Beacon common stock on January 18, 2024 was $84.21 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
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none
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Rhea-AI Summary
Beacon (BECN) announced a secondary public offering of 5,218,134 shares of common stock by an affiliate of Clayton, Dubilier & Rice, LLC. RBC Capital Markets is the sole underwriter. After the offering, the selling stockholder will not hold any shares, and Beacon will not receive any proceeds. The total number of Beacon's shares outstanding will not change. The last reported sale price of Beacon's common stock was $84.12 per share. The offering will be made through various methods and is being conducted under Beacon's effective shelf registration statement on Form S-3ASR under the Securities Act of 1933.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
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none
Rhea-AI Summary
Beacon (Nasdaq: BECN) has announced the opening of 49 new branches in 2023, including new locations in Conroe, TX and Goldsboro, NC. The expansion aims to serve residential and commercial roofing contractors and lumberyards, with a focus on providing high-quality products and services. Beacon's Ambition 2025 plan emphasizes footprint expansion to drive above-market growth and better serve customers.
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Beacon (Nasdaq: BECN) announces preliminary above expectations results for Q4 and full year 2023, exceeding Ambition 2025 targets. Carmelo Carrubba appointed as Interim Chief Financial Officer. Net sales for Q4 expected to be $2.3 billion, with full-year sales expected to be $9.1 billion. Gross margins for both periods at 25.6-25.7%, net income for Q4 estimated between $92-96 million, and full-year net income between $432-436 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.21%
Tags
management
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News
Rhea-AI Summary
Beacon (Nasdaq: BECN) announces the opening of 26 new branches in Georgia, Illinois, Iowa, South Carolina, and Texas in 2023 to serve residential roofing, commercial roofing, and waterproofing contractors. Beacon has opened new locations in Austell, GA, Marquette Heights, IL, Des Moines, IA, North Charleston, SC, and Bastrop, TX. These new branches aim to support the growing population and contractor businesses in these areas, providing roofing and complementary products, as well as specialized waterproofing products for construction projects. Beacon has also completed nine acquisitions in 2023 as part of its Ambition 2025 plan to drive above-market growth and better serve customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
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none
Rhea-AI Summary
Beacon (NASDAQ: BECN) announced the pricing of a secondary public offering of 5 million shares of common stock by CD&R Boulder Holdings, L.P. The offering is expected to close on December 11, 2023, with an underwriter's option to purchase an additional 750,000 shares. Beacon will not receive any proceeds from the sale, and the total number of shares outstanding will not change. The last reported sale price on December 6, 2023, was $82.15 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.86%
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Beacon Roofing Supply Inc

Nasdaq:BECN

BECN Rankings

BECN Stock Data

5.71B
62.69M
0.59%
92.99%
3.32%
Roofing, Siding, and Insulation Material Merchant Wholesalers
Wholesale Trade
Link
US
Herndon

About BECN

beacon roofing supply, inc. is one of the largest distributors of residential and non-residential roofing and complementary building products in north america. the geographic footprint includes 359 locations in 45 states and 6 canadian provinces with more than 4,000 employees. we are known throughout the building supply industry for having quality people, quality service and quality building products. quick facts: - north america's largest publicly traded roofing distributor - 359 locations - stores in 45 us states and 6 canadian provinces - a fortune 1000 company - traded on the nasdaq stock exchange under the symbol becn interested in a career with beacon roofing supply, inc? be sure to stop by the careers section of our corporate website! http://www.beaconroofingsupply.com/careers.html regional brands: - alabama roofing supply - all weather products - beacon roofing supply canada company - beacon sales - best distributing - cassady pierce - coastal metal service