Beacon Roofing Supply is a leading distributor of roofing materials and related products for residential and commercial construction projects
The company serves a wide range of customers, including contractors and builders, by providing a comprehensive selection of roofing, siding, and other building materials. Beacon Roofing Supply focuses on delivering high-quality products, exceptional customer service, and expert support to help clients meet their project needs. Through a vast network of locations across the United States and Canada, the company is well-positioned to serve diverse markets while promoting sustainable building practices.
Shares of roofing materials distributor Beacon Roofing Supply (NASDAQBECN) jumped 8.7% in the pre-market session after the company announced talks with QXO regarding a potential acquisition. According to the press release, QXO's offer would value BECN at $124.35 per share in cash, or approximately $11 billion.
Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. But they are at the whim of volatile macroeconomic factors that sway capital spending, like interest rates.
Wariness surrounding these influences has caused the industry to underperform the market as it was flat over the past six months while the S&P 500 climbed by 3.6%.
Beacon (Nasdaq: BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today a strategic investment and partnership with Renovate Robotics - a pioneer in roofing automation.
QXO, Inc. (NYSEQXO) and Beacon Roofing Supply, Inc. (Nasdaq: BECN) confirmed today that they are in discussions about a potential combination in which QXO would acquire Beacon for $124.35 per share in cash, or total consideration of approximately $11 billion.
Beacon (Nasdaq: BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that it has acquired DM Figley Company, Inc. (“DM Figley”). DM Figley, which is headquartered in Menlo Park, California, is a wholesale distributor of sealants, waterproofing & concrete repair materials, serving customers throughout California with additional locations in Anaheim, Oakland, Sacramento and San Diego.
Beacon (Nasdaq: BECN) (the “Company”) today issued the following statement regarding QXO, Inc.’s (NYSEQXO) second extension of its unsolicited tender offer to acquire all outstanding shares of Beacon common stock for $124.25 per share in cash (the “Offer”):
Roofing materials distributor Beacon Roofing Supply (NASDAQBECN) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 4.5% year on year to $2.40 billion. Its GAAP profit of $1.32 per share was 1% below analysts’ consensus estimates.
Beacon (Nasdaq: BECN) (the “Company”, “we”, “our”), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing, and related exterior products, announced results today for the fourth quarter and full year ended December 31, 2024 (“2024”).
Beacon (Nasdaq: BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that it has opened four greenfield branches to better serve both residential and non-residential roofing customers.
Beacon (Nasdaq: BECN) (the “Company”) today issued the following statement regarding QXO, Inc.’s (NYSEQXO) extension of its unsolicited tender offer to acquire all outstanding shares of Beacon common stock for $124.25 per share in cash and QXO’s statement that approximately 10,685,631 shares of Beacon common stock, which represents approximately 17.27% of all issued and outstanding shares, have tendered into the offer:
Beacon (Nasdaq: BECN) (the “Company”) announced today that its Board of Directors (the “Board”) has received notice from QXO, Inc. (NYSEQXO) that QXO has nominated ten individuals to stand for election to Beacon’s Board at the Company’s 2025 Annual Meeting.
TRI-BUILT®, Beacon’s (Nasdaq: BECN) exclusive brand of roofing products, has been named the K9s For Warriors 2025 Partner of the Year. In recognition of this prestigious honor and continuation of its partnership with K9s For Warriors, TRI-BUILT is donating $800,000 to the organization, which means 32 warrior and dog pairings and 64 lives saved. The comprehensive partnership will include the sponsorship of future Service Dogs, the donation of roofing materials, and additional services supporting the K9s For Warriors mission of serving our Veterans as honorably as they served our country.
Beacon (Nasdaq: BECN) (the “Company”) announced today that, consistent with last year, its earnings results for the quarter and full year ended December 31, 2024 will be released before the market opens on Thursday, February 27, 2025. The Company will host a conference call and webcast to discuss its financial results at 8:30 a.m. Eastern Time that same day. Analysts, investors and interested parties are invited to register and listen to the earnings call and view accompanying slides on the Company’s website at the below link. Details for the earnings release event are as follows:
Beacon (Nasdaq: BECN) (the “Company”), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, today announced that its Board of Directors (the “Board”) issued its formal recommendation to shareholders regarding the unsolicited tender offer (the “Offer”) from QXO, Inc. (NYSEQXO) to acquire all outstanding shares of Beacon common stock for $124.25 per share in cash.
Beacon (Nasdaq: BECN) (the “Company”), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that its Board of Directors (the “Board”) has unanimously adopted a limited duration stockholder rights agreement (the “Rights Agreement”) to protect stockholder interests and maximize value for all stockholders.
