Beacon Roofing Supply Inc Stock Price, News & Analysis

Beacon (BECN) has scheduled its fourth quarter and full year 2024 earnings release for February 27, 2025, before market opens. The company will host a conference call and webcast at 8:30 a.m. ET the same day to discuss financial results. Participants are required to register at least 10 minutes before the start time to ensure access.

Additionally, Beacon has announced an Investor Day to be held in New York City on March 13, 2025. The event will feature presentations from CEO Julian Francis, CFO Prithvi Gandhi, and other senior leaders, focusing on company strategy, growth drivers, and financial objectives. The event will include Q&A sessions, though in-person attendance is and requires registration.

Beacon (BECN) announced its Board of Directors unanimously rejected QXO's unsolicited tender offer of $124.25 per share in cash, stating it significantly undervalues the company. The offer price remains unchanged from QXO's November 11, 2024 proposal.

The Board cited several reasons for rejection, including Beacon's strong performance with over 200% total shareholder returns under current management and 11 consecutive quarters of record net sales. Beacon offered to engage with QXO under a buyer-friendly non-disclosure agreement, which QXO declined.

Both J.P. Morgan and Lazard provided formal opinions on February 5, 2025, declaring the offer price inadequate from a financial perspective. Beacon will present its 2028 long-term financial targets and growth plans at its upcoming Investor Day on March 13, 2025.

Beacon (BECN) has announced that its Board of Directors has unanimously adopted a duration stockholder rights agreement in response to QXO, Inc.'s tender offer. The Rights Agreement is designed to protect stockholders from opportunistic control attempts without appropriate premium payments.

The agreement will issue one preferred share purchase right for each outstanding share of Beacon common stock to stockholders of record as of February 7, 2025. These rights become exercisable if an entity acquires 15% (or 20% for certain Schedule 13G investors) of Beacon's common stock without Board approval. In such cases, rights holders can purchase additional shares at a 50% discount.

The Rights Agreement expires on January 26, 2026, unless extended with stockholder approval. The Board has previously rejected QXO's offer price as significantly undervaluing the company and will issue its formal recommendation within ten business days of the tender offer commencement.

Beacon (NASDAQ: BECN) has confirmed that QXO, Inc. (NYSE: QXO) has initiated an unsolicited tender offer to acquire all outstanding Beacon shares for $124.25 per share in cash. The offer price remains unchanged from QXO's previous proposal dated November 11, 2024, which was made public on January 15, 2025.

The Beacon Board of Directors, which previously rejected the November proposal unanimously, stating it significantly undervalued the company, will evaluate this new tender offer with its independent financial and legal advisors. The Board will issue its formal recommendation to shareholders within ten business days through an SEC Schedule 14D-9 filing.

J.P. Morgan is acting as financial advisor, while Sidley Austin LLP and Simpson Thacher and Bartlett LLP serve as legal advisors. Shareholders are urged not to take any action at this time.

Beacon (Nasdaq: BECN), the leading publicly-traded specialty wholesale distributor of roofing and exterior products, has announced its 2024 supplier partner awards. The company recognized five outstanding partners for their exceptional service commitment:

• CertainTeed won Supplier of the Year for outstanding support across all aspects, particularly in inventory management and technology implementation
• AccuLynx received the Integration Partner Award for superior software integration and customer support
• Louisiana-Pacific earned the Trail Blazer Award for innovative partnership approaches
• Owens Corning was awarded the TRI-BUILT® Award for supporting Beacon's exclusive brand growth
• Penske received the BUILDING BETTER Award for sustainability initiatives and community engagement

These partnerships have contributed to Beacon exceeding its Ambition 2025 revenue and shareholder return targets in 2023, supported by over 3,000 supplier partners.

Beacon (NASDAQ: BECN) has rejected an unsolicited, non-binding proposal from QXO, Inc. to acquire all outstanding shares at $124.25 per share in cash. The proposal, received on November 11, 2024, was unanimously rejected by Beacon's Board as it significantly undervalues the company and its growth prospects.

Despite QXO's claims, Beacon made multiple attempts to engage, offering a standard non-disclosure agreement (NDA) to share confidential management projections. However, QXO refused to engage or improve its initial proposal. Beacon highlighted its strong performance, noting total shareholder returns of over 200% during the past five years under current management.

The company plans to hold an Investor Day on March 13, 2025, where it will present its 2028 long-term targets and discuss its next growth phase. J.P. Morgan is serving as financial advisor, with Sidley Austin LLP and Simpson Thacher and Bartlett LLP as legal advisors.

Beacon (BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, has announced plans to host an Investor Day in New York City on Thursday, March 13, 2025.

The event will feature President and CEO Julian Francis, CFO Prithvi Gandhi, and other senior leadership team members presenting an in-depth review of Beacon's strategy, growth drivers, and financial objectives. The program will include formal presentations and multiple Q&A sessions with senior leadership.

The event will run from 8:30 a.m. ET to approximately 12:30 p.m. ET. While in-person attendance will require registration and is due to space constraints, a live webcast will be available through Beacon's investor relations website. An archived version of the webcast will be accessible following the event for those unable to attend or watch live.

Beacon (BECN), the leading publicly-traded specialty wholesale distributor of roofing and exterior products, announced its Q4 2024 footprint expansion results. The company completed two strategic acquisitions in Massachusetts: Ryan Building Products in Westwood, specializing in seamless metal gutter fabrication, and Fairway Wholesale Distribution in South Hadley, a longtime lumberyard supplier.

Additionally, Beacon opened two new greenfield locations in Arnold, Missouri and Lebanon, Tennessee to enhance service in the St. Louis and Nashville markets. These locations will offer residential, non-residential, and complementary building products, including Beacon's TRI-BUILT® line.

This expansion aligns with Beacon's Ambition 2025 plan, following the company's success in exceeding its revenue and shareholder return targets in 2023.

Beacon (BECN) has announced a partnership with Leap to integrate their CRM tool with Beacon's eCommerce platform, Beacon PRO+. The integration enables contractors to purchase Beacon products directly within Leap's full-service CRM tool, streamlining their workflow. Leap CRM provides comprehensive tools for managing leads, customers, and jobs, while offering features like real-time material costs, pricelist syncing with multiple Beacon locations, and direct material order generation. This integration aligns with Beacon's Ambition 2025 goals and is available for all Beacon/Leap shared contractors.