Beacon Roofing Supply Stock Price, News & Analysis

Beacon Roofing Supply, Inc. (Nasdaq: BECN), commonly referred to as Beacon, is a publicly traded Fortune 500 company that specializes in the distribution of roofing and complementary building products. Operating in the roofing, siding, and insulation material merchant wholesalers industry within the broader wholesale trade sector, Beacon focuses on specialty building products, including roofing materials and related exterior products such as siding and waterproofing.

According to company disclosures, Beacon was founded in 1928 and has grown into a large distributor serving construction and building professionals across North America. The company states that it operates over 580 branches throughout all 50 U.S. states and 7 Canadian provinces, giving it a broad geographic footprint and extensive local branch presence. Beacon describes itself as serving an extensive base of approximately 110,000 customers, reflecting its role as a major wholesale distributor in its niche.

Beacon’s business centers on distributing specialty building products, with a particular emphasis on roofing materials and complementary exterior products. These complementary products include items such as siding and waterproofing materials. The company highlights that it uses its branch network and service capabilities to provide products and support throughout the project or business lifecycle for its customers, who are primarily contractors and other building professionals.

Beacon also emphasizes its use of private label and digital tools as part of its offering. The company offers its own private label brand, TRI-BUILT®, and provides a proprietary digital account management suite called Beacon PRO+®. Beacon PRO+® is described as a digital platform that allows customers to manage their businesses online, indicating that Beacon integrates technology into its distribution and customer service model.

In addition to the more recent description, prior information about Beacon Roofing Supply, Inc. notes that it is one of the largest distributors of residential and non-residential roofing and complementary building products in North America. Earlier descriptions reference hundreds of locations across numerous U.S. states and Canadian provinces and characterize the company as North America’s largest publicly traded roofing distributor. Beacon has also been identified as a Fortune 1000 company and as trading on the Nasdaq stock exchange under the symbol BECN.

Beacon operates under its corporate name as well as through various regional brands referenced in historical descriptions. These regional brands have included names such as Alabama Roofing Supply, All Weather Products, Beacon Roofing Supply Canada Company, Beacon Sales, Best Distributing, Cassady Pierce, and Coastal Metal Service. These brands reflect Beacon’s strategy of operating a network of local or regional distribution businesses under the broader Beacon umbrella.

Beacon’s stock is listed on the Nasdaq Global Select Market under the ticker symbol BECN. The company identifies itself as a publicly traded Fortune 500 business, which signals that it is among the larger U.S. companies by revenue. Its presence across all U.S. states and multiple Canadian provinces, combined with a large customer base and extensive branch network, positions Beacon as a significant distributor within the building products and roofing supply ecosystem.

Recent public communications also highlight Beacon’s engagement with technology and innovation in the roofing industry. For example, Beacon announced a strategic investment and partnership with Renovate Robotics, described as a pioneer in roofing automation. Renovate Robotics is developing autonomous roofing robots aimed at improving safety and productivity for contractors. Beacon’s leadership has stated that this partnership aligns with the company’s focus on safety and efficiency and that it intends to incorporate advanced robotic technology across its network to better serve contractor customers.

Beacon has also been the subject of corporate transaction activity. QXO, Inc. (NYSE: QXO) and Beacon Roofing Supply, Inc. announced that they entered into a definitive merger agreement under which QXO will acquire Beacon for cash consideration per share. The transaction values Beacon at approximately $11 billion, including its outstanding debt. The boards of directors of both companies unanimously approved the transaction, and Beacon’s board has recommended that shareholders tender their shares into QXO’s all-cash tender offer. The acquisition is described as having received antitrust clearance in the U.S. and Canada and is expected to close subject to a majority of Beacon shares being tendered and other customary closing conditions. As of the latest tender offer extensions, QXO continues to extend the offer period, and Beacon remains traded on Nasdaq under BECN while the tender process is ongoing.

In summary, Beacon Roofing Supply, Inc. is a long-established distributor of roofing and complementary building products, operating a large branch network across the United States and Canada. It combines physical distribution capabilities with private label offerings and digital account management tools, and it engages in partnerships that reflect an interest in technology-enabled improvements in roofing and exterior construction. At the same time, Beacon is involved in a pending acquisition process by QXO, Inc., which, if completed, would result in Beacon becoming part of a broader building products distribution platform.