Beacon Roofing SupplyNASDAQ: BECN

Beacon (BECN) expands its services for metal roofing contractors with the acquisition of Extreme Metal and Integrity Metals.

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced the acquisition of Extreme Metal Fabricators, LLC (“Extreme Metal”) with locations in Key Largo and Palm City, Florida and Integrity Metals, LLC (“Integrity Metals”) with locations in Gainesville and Vero Beach, Florida. “For over a decade we have operated Extreme Metal with a team of craftspeople, estimators, and operators whose specialized training.

Beacon Roofing (BECN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.

Beacon's (BECN) latest announcement substantiates its commitment to making Ambition 2025 investments to drive growth and attain operational excellence.

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”) announced today that it has released its 2023 Corporate Social Responsibility (CSR) Report. This year's report demonstrates our commitment to action and transparency on important environmental and social topics driven by the Company's values. “The past year has been a time of growth for Beacon, not only in terms of our geographic footprint and service offerings, but also in our determination to build better for our stakeholder.

Focus on virtual platforms to boost customer engagement has been leading to a surge in online business transactions for many players in the Retail Building Products industry. HD, LOW, FAST, BECN and GMS look well-poised for growth.

Beacon Roofing Supply has grown to have 542 branches across the US and Canada, providing over 130,000 SKUs and serving almost 100,000 customers. Despite mixed financial performance, the stock has increased 67.6% in value, easily outperforming the S&P 500. BECN has ambitious plans for growth, including opening new facilities, increasing revenue from national accounts and acquisitions, and expanding digital channels.

Strong demand, increased prices, and recent acquisitions helped Beacon Roofing (BECN) achieve strong results in the first quarter.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) held its Q1 2024 Earnings Conference Call on May 2, 2024 at 5:00 PM ET. The call included company representatives Binit Sanghvi, Julian Francis, Carmelo Carrubba, and Prithvi Gandhi, along with various conference call participants. Thank you for joining today's Beacon First Quarter 2024 Earnings Call.