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Last $35.38 USD
Change Today +0.10 / 0.28%
Volume 457.1K
BECN On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

beacon roofing supply inc (BECN) Snapshot

Open
$35.06
Previous Close
$35.28
Day High
$35.83
Day Low
$34.99
52 Week High
08/20/15 - $36.74
52 Week Low
01/20/15 - $23.04
Market Cap
1.8B
Average Volume 10 Days
448.2K
EPS TTM
$1.10
Shares Outstanding
49.7M
EX-Date
--
P/E TM
32.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for BEACON ROOFING SUPPLY INC (BECN)

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beacon roofing supply inc (BECN) Details

Beacon Roofing Supply, Inc. distributes residential and non-residential roofing materials to contractors, home builders, building owners, and other resellers. The company’s residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, gutters and downspouts, and other accessories. Its non-residential roofing products comprise single-ply roofing; asphalt; metal; modified bitumen; build-up roofing; cements and coatings; flat stock and tapered insulations; commercial fasteners; metal edges and flashings; skylights, smoke vents, and roof hatches; sheet metal products, including copper, aluminum, and steel; and other accessories. The company also provides complementary building products, such as vinyl, cedar, and fiber cement sidings; soffits; house wraps; vapor barriers; and stone veneer, as well as vinyl windows, aluminum windows, wood windows, wood doors, patio doors, and skylights. In addition, it offers specialty lumber products comprising redwood, red cedar decking, pressure treated lumber, fire treated plywood, synthetic decking, PVC trim boards, synthetic, millwork, and custom millwork. Further, the company provides waterproofing systems, building insulations, air barrier systems, gypsum, moldings, patio covers, and cultured stone. As of July 30, 2015, it operated through a network of 274 branches in 42 states of the United States, and 6 provinces in Canada. Beacon Roofing Supply, Inc. was founded in 1928 and is headquartered in Herndon, Virginia.

3,179 Employees
Last Reported Date: 11/25/14
Founded in 1928

beacon roofing supply inc (BECN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $640.1K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $437.3K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $427.8K
Compensation as of Fiscal Year 2014.

beacon roofing supply inc (BECN) Key Developments

Beacon Roofing Supply, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015 and 2016

Beacon Roofing Supply, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported net sales of $718.214 million compared to $663.397 million a year ago. Income from operations was of $47.991 million compared to $45.809 million a year ago. Income before provision for income taxes was of $45.497 million compared to $43.299 million a year ago. Net income was $28.349 million or $0.56 per diluted share compared to $26.799 million or $0.54 per diluted share a year ago. The net income for the quarter was favorably impacted by gross margins which improved by 90 basis points over the prior year. This was partially offset by increased operating expenses driven by the incremental costs associated with the three acquisitions made this fiscal year and the greenfields opened in the last 21 months. Capital expenditures, including acquisitions in the third quarter, were 13 -- excluding acquisitions in the third quarter, were $13.8 million compared to $26.1 million in the third quarter of 2014. For nine months, the company reported net sales of $1,727.440 million compared to $1,600.411 million a year ago. Income from operations was of $57.922 million compared to $55.684 million a year ago. Income before provision for income taxes was of $49.934 million compared to $47.977 million a year ago. Net income was $31.470 million or $0.63 per diluted share compared to $29.639 million or $0.59 per diluted share a year ago. Net cash provided operating activities was $11.222 million compared to net cash used in operating activities of $46.782 million a year ago. Purchases of property and equipment were of $13.787 million compared to $26.090 million a year ago. On an overall consolidated basis, residential roofing product sales increased 11.7%, non-residential roofing product sales increased 0.8%, and complementary product sales increased 14.2% over the prior year. Existing market sales, excluding acquisitions, increased 4.6% year to date. The nine months of 2015 and 2014 both had the same number of business days. Net income for the nine months was favorably impacted by gross margins which improved by 60 bps over the prior year, and unfavorably impacted by increased operating expenses which were primarily driven by the incremental costs associated with the three acquisitions made this fiscal year and the greenfields opened in the last 21 months. For the full fiscal year 2015, the company expects capital expenditures to be slightly less than 1% of sales, which is well below the company's historical average of 1.2% of sales and last year's 1.5% of sales. The company is anticipating a strong finish to the year, which should drive full year adjusted EPS of approximately $1.30 to $1.35 and adjusted EBITDA of $161 million to $165 million. For the year 2016, the company announced that the RSG acquisition will help drive even further EPS improvements. The company believe the acquisition will result in a minimum $0.30 increase in adjusted non-GAAP diluted earnings per share for 2016. This adjusted amount excludes cost to achieve the synergies, amortization of deferred financing fees, M&A fees, legal fees, stock-based comp and related onetime costs and purchase accounting final adjustments.

Beacon Roofing In Talks For Acquisitions

Beacon Roofing Supply, Inc. (NasdaqGS:BECN) is in talks with numerous parties about acquisitions.

Beacon Roofing Supply Opens New Branch in South Boston, Massachusetts

Beacon Roofing Supply, Inc. announced that it has opened a new branch in the Seaport District of Boston, Massachusetts. This new branch raises the total of Beacon’s new branch openings since January 1, 2015 to six, joining Birmingham, AL; Charlotte, NC; Arvada, CO, Ocala, FL, and Oxnard, CA.

 

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Industry Analysis

BECN

Industry Average

Valuation BECN Industry Range
Price/Earnings 31.2x
Price/Sales 0.7x
Price/Book 2.0x
Price/Cash Flow 25.4x
TEV/Sales 0.6x
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