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%.
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.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the industrial distributors industry, including Beacon Roofing Supply (NASDAQBECN) and its peers.
Beacon Roofing Supply trades at $112.85 and has moved in lockstep with the market. Its shares have returned 17.9% over the last six months while the S&P 500 has gained 14.2%.
The consequences of hurricanes like Helene and Milton are—typically—quickly shrugged aside by markets as one-off events. That is mostly correct. But not entirely so. For some companies, the revenue and earnings hits are “unrecoverable.”
