Beacon Announces 1st Annual Supplier Partner Award Winners

Rhea-AI Summary

Beacon (BECN) recognizes three supplier partners with awards for their service commitment in 2023, highlighting strong partnerships and innovation. Klauer Manufacturing, Lomanco, and GAF received awards for their contributions to Beacon's growth and success.

HERNDON, Va.--(BUSINESS WIRE)-- Beacon (Nasdaq: BECN), the only publicly traded specialty distributor of roofing and complementary materials, announced today that it has awarded three supplier partners with awards for their service commitment in 2023.

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"We pride ourselves on providing the best products and service to our customers. Strong partnerships with all our exceptional suppliers allow us to jointly help contractors innovate and grow," said Jonathan Bennett, Beacon’s Chief Commercial Officer. "Beacon’s coast-to-coast presence, scale advantage, last mile logistics and channel management drive top suppliers to partner with us and we could not be more pleased to highlight the best of the best in our awards.”

- Klauer Manufacturing was recognized with the Trail Blazer Award. This award goes to a supplier who looks for new ways to innovate and partner, even when the path is not clear. They have the fortitude and desire to go further. In 2023, Klauer meshed Beacon’s Ambition 2025 strategy with their own and committed to above market growth, new product initiatives, sales training and giving back to the community.

- Lomanco was recognized with the TRI-BUILT Award. This award goes to a supplier who shares Beacon’s vision for building our premium-quality exclusive brand. In 2023, Lomanco collaborated with Beacon to provide a differentiated offer in the marketplace both in terms of marketing and packaging as well as overall product value for our customers.

- GAF was recognized with the Supplier of the Year Award. This award goes to a supplier that steps up to position Beacon to compete, grow and attract new customers. In 2023, GAF brought their collaborative approach to commercial roofing and aligned with our branches to attract discretionary business. Their partnership with our marketing and promotional team, sales enablement, national accounts, and product management has been exemplary.

With the support of over 2,300 supplier partners, Beacon exceeded its Ambition 2025 revenue and shareholder return targets in 2023 and continues to unlock its long-term potential.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of building products, including roofing materials and complementary products, such as siding and waterproofing. The company operates over 530 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of nearly 100,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT®, and has a proprietary digital account management suite, Beacon PRO+, which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.

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INVESTOR CONTACT

Binit Sanghvi

VP, Capital Markets and Treasurer

Binit.Sanghvi@becn.com

972-369-8005

MEDIA CONTACT

Jennifer Lewis

VP, Communications and Corporate Social Responsibility

Jennifer.Lewis@becn.com

571-752-1048

Source: Beacon

Which supplier received the Trail Blazer Award from Beacon in 2023?

Klauer Manufacturing received the Trail Blazer Award for their innovative partnership and commitment to growth.

What award did Lomanco receive from Beacon in 2023?

Lomanco received the TRI-BUILT Award for collaborating with Beacon to provide premium-quality exclusive brands.

Which supplier was recognized as the Supplier of the Year by Beacon in 2023?

GAF was recognized as the Supplier of the Year for their collaborative approach and support in attracting new customers.

How many supplier partners does Beacon have in total?

Beacon has over 2,300 supplier partners supporting its growth and revenue targets in 2023.

What is Beacon's Ambition 2025 strategy focused on?

Beacon's Ambition 2025 strategy focuses on above-market growth, new product initiatives, sales training, and community involvement.