BECN has purchased DM Figley, which strengthens its waterproofing division and supports its growth plans for Ambition 2025.
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), a top publicly-traded distributor of roofing and waterproofing products, has announced its acquisition of DM Figley Company, Inc. Based in Menlo Park, California, DM Figley distributes sealants, waterproofing, and concrete repair materials, catering to customers across California with additional branches in Anaheim, Oakland, Sacramento, and San Francisco.
BECN's results for the fourth quarter of 2024 show that they have invested in technology, made acquisitions, and improved operations, even though there is a decline in the residential roofing sector.
Beacon Roofing Supply, Inc. (NASDAQ:BECN) will hold its Q4 2024 Earnings Conference Call on February 27, 2025, at 8:30 AM ET. The call will feature company representatives, including Binit Sanghvi, Julian Francis, and Prithvi Gandhi, along with various participants from different research firms. The operator will introduce the call, welcoming everyone to the discussion about the company's financial performance.
Beacon Roofing Supply (BECN) reported quarterly earnings of $1.65 per share, which is lower than the Zacks Consensus Estimate of $1.67 per share. This is also a decrease from the earnings of $1.72 per share from the same period last year.
Julian Francis, the President and CEO of Beacon Roofing Supply, appears on 'Mad Money' with Jim Cramer to discuss the current situation in the industry, the company's products, and other related topics.
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), a top publicly-traded distributor of roofing and waterproofing products, has announced an Investor Day in New York City on Thursday, March 13, 2025. During this event, Beacon's President and CEO Julian Francis, CFO Prithvi Gandhi, and other senior leaders will discuss the company's strategy, growth factors, and financial goals. The event will feature formal presentations.
BECN is growing by making new acquisitions and opening new branches, moving closer to achieving its Ambition 2025 goals.
At Zacks, we concentrate on the reliable Zacks Rank system, which highlights earnings estimates and changes in those estimates to identify excellent stocks. At the same time, we keep an eye on the most recent trends in value, growth, and momentum to support our top selections.
BECN gains advantages from its emphasis on the Ambition 2025 goals, synergies from acquisitions, and strategic investments. Nevertheless, the high costs and expenses raise some concerns.