MARKET COMPOSITE
BECN - Beacon Roofing Supply Inc8:00:00 PM 3/28/2024
Price
$98.02
+ 2.97 (3.12%)
Beacon is an American publicly traded company which sells residential and non-residential roofing products, as well as related building products in North America. As of January 2, 2018, upon the completion of its acquisition of Allied Building Products, the company had 589 locations throughout all 50 states and six Canadian provinces, and over 8,500 employees. In addition to roofing, local divisions may also sell windows, siding, decking, waterproofing, and other external building products. The company is currently headquartered in Herndon, Virginia. Beacon was established in 1928 in Charlestown, Massachusetts, as Beacon Sales Company. By 1953, the company had outgrown its building in Charlestown, and built a new facility in nearby Somerville. In the 1970s, the company expanded to Worcester, Massachusetts, and Lewiston, Maine. In 1984, Andrew Logie bought a majority interest in the company. At that time, sales were almost $17 million, virtually all in commercial roofing. Shortly after Logie became CEO, David Grace joined Beacon as the company's chief financial officer. During Logie's tenure, the company opened new branches throughout the United States, and expanded into residential roofing as well as commercial roofing. By 1997, seven branches were generating $72 million in annual sales
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue2.3B-11%
Gross Profit592MM-12%
Cost Of Revenue1.7B-11%
Operating Income163.5MM-36%
Operating Expenses428.5MM+2%
Net Income95.1MM-41%
G&A383MM+2%
Amortization19.9MM-7%
Interest Expense37.1MM+5%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

Finra

Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

Stock news

    Shares of Beacon Roofing Supply rise to a new all-time high after home-improvement retailer Home Depot struck a deal to buy its privately held competitor, SRS Distribution. Beacon Roofing Supply distributes roofing materials and complementary products, such as siding and waterproofing in North America. The Home Depot deal could be a sign that big retailers are warming up to the niche roofing industry, which has in recent years consolidated under a number of brands buying local and regional dis...

    Beacon Roofing (BECN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

    Beacon (BECN) expands its presence in Florida and Michigan with new branch openings and advances its Ambition 2025 plan.

    Jason Taylor, President, West Division of Beacon Roofing Supply Inc (NASDAQ:BECN), sold 1,805 shares of the company on March 21, 2024, according to a recent SEC filing.

    HERNDON, Va., March 22, 2024--Beacon (Nasdaq: BECN), the only publicly traded specialty roofing distributor, announced today that it has opened new locations in Fort Myers, FL and Milton, FL and Saginaw, MI to serve residential and commercial roofing contractors.

    Retail Building Products industry players are poised to benefit from rising demand for Pro projects, digital initiatives and acquisitions. However, inflation, elevated costs and soft consumer demand act as headwinds. HD, LOW, FAST, BLDR and BECN look well-poised for growth.

    HERNDON, Va., March 08, 2024--In honor of International Women’s Day, Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced today the launch of its fourth annual North American Female Roofing Professional of the Year. This campaign celebrates women in the roofing industry across the U.S. and Canada by calling on the public at large to nominate a female roofing professional who has demonstrated excellence, a commitment to putting people

    HERNDON, Va., March 05, 2024--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.

    Beacon Roofing Supply ( NASDAQ:BECN ) Full Year 2023 Results Key Financial Results Revenue: US$9.12b (up 8.2% from FY...

    Beacon Roofing Supply, Inc. (NASDAQ:BECN) Q4 2023 Earnings Call Transcript February 27, 2024 Beacon Roofing Supply, Inc. beats earnings expectations. Reported EPS is $1.72, expectations were $1.69. Beacon Roofing Supply, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good […]