Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, and retailers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and solar systems. Its non-residential roofing products comprise single-ply roofing, asphalt, metal, modified bitumen, and build-up roofing products; cements and coatings; flat stock and tapered insulations; commercial fasteners; metal edges and flashings; smoke/roof hatches; roofing tools; sheet metal products, including copper, aluminum, and steel; and PVC, TPO, and EPDM membrane products. The company also provides complementary building products, such as vinyl and fiber cement sidings; wallboards; insulations; acoustical ceilings; stone veneers; windows; doors; skylights; gutters and downspouts; decking and railings; air barriers; concrete restoration systems; and steel stud framing and waterproofing systems. In addition, it offers value-added services, including advice and assistance on product identification, specification, technical support, and training; job site delivery, rooftop loading, and logistical services; tapered insulation design and related layout services; metal fabrication and related metal roofing design and layout services; trade credit and online bill pay; and marketing support for contractors. As of September 30, 2020, the company operated through a network of 524 branches in 50 states of the United States and 6 provinces in Canada. Beacon Roofing Supply, Inc. was founded in 1928 and is headquartered in Herndon, Virginia.
IPO Year: 2004
Exchange: NASDAQ
Website: becn.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/7/2025 | $131.00 → $122.55 | Buy → Hold | Stifel |
| 1/8/2025 | $115.00 | Buy | Stifel |
| 4/18/2024 | $135.00 | Buy | The Benchmark Company |
| 2/29/2024 | $99.00 → $115.00 | Neutral → Outperform | Robert W. Baird |
| 1/8/2024 | Mkt Perform → Outperform | William Blair | |
| 12/14/2023 | $86.00 → $103.00 | Neutral → Overweight | JP Morgan |
| 10/5/2023 | $91.00 → $94.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 10/14/2022 | $77.00 → $65.00 | Outperform → Neutral | Robert W. Baird |
| 8/18/2022 | $90.00 | Buy | Deutsche Bank |
| 7/19/2022 | Outperform → Mkt Perform | William Blair |
Stifel downgraded Beacon Roofing Supply from Buy to Hold and set a new price target of $122.55 from $131.00 previously
Stifel resumed coverage of Beacon Roofing Supply with a rating of Buy and set a new price target of $115.00
The Benchmark Company initiated coverage of Beacon Roofing Supply with a rating of Buy and set a new price target of $135.00
Robert W. Baird upgraded Beacon Roofing Supply from Neutral to Outperform and set a new price target of $115.00 from $99.00 previously
William Blair upgraded Beacon Roofing Supply from Mkt Perform to Outperform
JP Morgan upgraded Beacon Roofing Supply from Neutral to Overweight and set a new price target of $103.00 from $86.00 previously
RBC Capital Mkts upgraded Beacon Roofing Supply from Sector Perform to Outperform and set a new price target of $94.00 from $91.00 previously
Robert W. Baird downgraded Beacon Roofing Supply from Outperform to Neutral and set a new price target of $65.00 from $77.00 previously
Deutsche Bank initiated coverage of Beacon Roofing Supply with a rating of Buy and set a new price target of $90.00
William Blair downgraded Beacon Roofing Supply from Outperform to Mkt Perform
Ambition 2025 initiatives delivered growth in a challenging environment with higher sales across all business lines Strong execution drove fourth quarter results, with contributions from operational excellence initiatives and newly opened greenfield and acquired branches Margin enhancing private label and digital channel achieved record fourth quarter and full year sales and penetration Strong fourth quarter cash flow, prudent balance sheet management, and ample liquidity Management to provide strategic review, growth drivers and financial targets at Investor Day on March 13th Beacon (NASDAQ:BECN) (the "Company", "we", "our"), the leading publicly-traded wholesale distri
Beacon (NASDAQ:BECN) (the "Company") announced today that, consistent with last year, its earnings results for the quarter and full year ended December 31, 2024 will be released before the market opens on Thursday, February 27, 2025. The Company will host a conference call and webcast to discuss its financial results at 8:30 a.m. Eastern Time that same day. Analysts, investors and interested parties are invited to register and listen to the earnings call and view accompanying slides on the Company's website at the below link. Details for the earnings release event are as follows: What: Beacon Fourth Quarter and Full Year 2024 Earnings Call When: Thursday, February
Beacon (NASDAQ:BECN) (the "Company"), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that its Board of Directors (the "Board") has unanimously adopted a limited duration stockholder rights agreement (the "Rights Agreement") to protect stockholder interests and maximize value for all stockholders. The Board adopted the Rights Agreement in response to the tender offer previously announced by QXO, Inc. ("QXO"). The Rights Agreement is intended to protect Beacon and its stockholders from anyone seeking to opportunistically gain control of Beacon without paying all stockholders an appropriate control premium.
Record quarterly sales driven by execution on Ambition 2025 growth initiatives Disciplined margin management and bottom quintile branch initiative resulted in solid net income and record Adjusted EBITDA Invested in organic growth by opening four greenfield locations to enhance customer reach Executed on value-creating acquisitions that are expected to contribute approximately $247 million of sales annually Beacon (NASDAQ:BECN) (the "Company", "we", "our"), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing, and exterior products, announced results today for the third quarter ended September 30, 2024. "Beacon's third quarter results demonstrate
Beacon (NASDAQ:BECN) (the "Company") announced today that its earnings results for the quarter ended September 30, 2024 will be released after market close on Wednesday, October 30, 2024. The Company will host a conference call and webcast to discuss its financial results at 8:30 a.m. Eastern Time on October 31, 2024. Analysts, investors and interested parties are invited to register and listen to the earnings call and view accompanying slides on the Company's website at the below link. Details for the earnings release event are as follows: What: Beacon Third Quarter 2024 Earnings Call When: Thursday, October 31, 2024 Time: 8:30 a.m. ET Access: Register for the
Beacon (NASDAQ:BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and related exterior products, announced today that it has completed the acquisition of Chicago Metal Supply & Fabrication, Inc. ("Chicago Metal Supply") located in Chicago's Hanson Park neighborhood. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240909821984/en/Chicago Metal Supply (Photo: Business Wire) Founded in 2011, Chicago Metal Supply is a family-owned business, specializing in custom architectural sheet metal fabrication. With expertise spanning commercial, residential and historical restoration, the skilled te
Expands service for contractors in New Jersey and New York Beacon (NASDAQ:BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and related exterior products, announced today that it has completed the acquisition of Passaic Metal and Building Supplies Co. and certain affiliated companies ("PAMPCO") headquartered in Clifton, New Jersey. PAMPCO has five branches in New Jersey and one in upstate New York. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240802213496/en/PAMPCO (Photo: Business Wire) PAMPCO's roots in metal, roofing and siding date back to 1911. "Four generations of the Gurtm
Expands service for roofing contractors in Vancouver Beacon (NASDAQ:BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and related exterior products, announced today that it has completed the acquisition of SSR Roof Supply Ltd. ("SSR"). SSR operates two branches in the Vancouver, British Columbia market, with one branch in Burnaby and the other in Surrey. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240731352088/en/SSR Roof Supply Ltd. (Photo: Business Wire) SSR has been serving residential and commercial contractors for over 30 years. "We are proud of our history as a family-owne
Record quarterly sales driven by Ambition 2025 initiatives, including greenfields and acquisitions Organic sales growth across all 3 lines of business led by strong non-residential reroofing demand Acquired Smalley & Co., a leading waterproofing distributor in the West with 11 locations Entered into an accelerated share repurchase agreement to return up to $225M to stockholders in 2024 Beacon (NASDAQ:BECN) (the "Company", "we", "our"), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing, and exterior products, announced results today for the second quarter ended June 30, 2024. "Our Ambition 2025 initiatives drove record quarterly net sales
Beacon (NASDAQ:BECN) (the "Company") announced today that its earnings results for the quarter ended June 30, 2024 will be released after market close on Thursday, August 1, 2024. The Company will host a conference call and webcast to discuss its financial results at 5:00 p.m. Eastern Time that same day. Analysts, investors and interested parties are invited to register and listen to the earnings call and view accompanying slides on the Company's website at the below link. Details for the earnings release event are as follows: What: Beacon Second Quarter 2024 Earnings Call When: Thursday, August 1, 2024 Time: 5:00 p.m. ET
QXO, Inc. (NYSE:QXO) and Beacon Roofing Supply, Inc. (NASDAQ:BECN) today announced that they have entered into a definitive merger agreement under which QXO will acquire Beacon for $124.35 per share in cash. Beacon is a leading distributor of roofing, waterproofing and exterior products, with nearly 600 branches across the U.S. and Canada. The boards of directors of both companies have unanimously approved the transaction, which values Beacon at approximately $11 billion, including all its outstanding debt. The transaction is expected to close by the end of April, subject to a majority of Beacon shares tendering in the offer and other customary closing conditions. Beacon's board unanimo
QXO, Inc. (NYSE:QXO) announced today that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) for $124.25 per share. The tender offer, which was scheduled to expire at 5:00 p.m. (New York City time) on March 18, 2025, will remain open until 5:00 p.m. (New York City time) on March 19, 2025. Computershare Trust Company, N.A., the depositary and paying agent for the tender offer, has reported that, as of 5:00 p.m. (New York City time) on March 18, 2025, approximately 12,784,233 shares have been validly tendered and not withdrawn, representing approximately 20.76% of the issued and outstanding shares. Shareholders who have a
QXO, Inc. (NYSE:QXO) (the "Company" or "QXO") today announced that it has entered into purchase agreements with certain institutional investors for an $830 million private placement financing (the "Private Placement"). The closing of the Private Placement is contingent upon the concurrent consummation of the Company's outstanding all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN). In the Private Placement, QXO will sell approximately 67.5 million shares of its common stock at $12.30 per share. Both existing and new investors participated in the transaction. The offer and sale of the foregoing securities are being made in a transaction not
Ambition 2025 initiatives delivered growth in a challenging environment with higher sales across all business lines Strong execution drove fourth quarter results, with contributions from operational excellence initiatives and newly opened greenfield and acquired branches Margin enhancing private label and digital channel achieved record fourth quarter and full year sales and penetration Strong fourth quarter cash flow, prudent balance sheet management, and ample liquidity Management to provide strategic review, growth drivers and financial targets at Investor Day on March 13th Beacon (NASDAQ:BECN) (the "Company", "we", "our"), the leading publicly-traded wholesale distri
Four greenfield branches expand service area in Indiana, Wisconsin, Florida and Texas Further supports Ambition 2025 Plan to drive above market growth by significantly enhancing customer reach Beacon (NASDAQ:BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that it has opened four greenfield branches to better serve both residential and non-residential roofing customers. New branches in Lafayette, Indiana and La Crosse, Wisconsin will serve these upper Midwest markets. "Both locations are well positioned to provide a full range of exterior products to new and current customers seeking to grow the
QXO, Inc. (NYSE:QXO) announced today it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) for $124.25 per share. The tender offer, originally set to expire at 12:00 midnight (New York City time) on February 24, 2025, will remain open until 5:00 p.m. (New York City time) on March 3, 2025. QXO is currently prepared to complete the acquisition shortly after the tender expires, subject to the offer's terms. The transaction is not dependent on any financing or due diligence conditions, and QXO has already obtained antitrust clearance in both the U.S. and Canada. "Our offer remains the only opportunity for Beacon shareholders
GREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) announced today that it has informed Beacon Roofing Supply, Inc. (NASDAQ:BECN) that it will propose 10 independent director nominees at Beacon's 2025 Annual Meeting of Shareholders to replace Beacon's Board of Directors. The slate of independent nominees includes current and former senior executives and directors of leading global companies who were selected for their deep expertise with large-scale corporate transformations, extensive knowledge of the building products and distribution sectors, and track records of unlocking shareholder value. "We are proposing a slate of high-caliber, independent director nominees
GREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) announced today that it has obtained antitrust clearance in both the U.S. and Canada for its acquisition of Beacon Roofing Supply, Inc. (NASDAQ:BECN), paving the way for QXO to close the transaction quickly. The company confirmed that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired and that it has received early termination of the waiting period from the Canadian Competition Bureau. "With committed financing in place and these necessary regulatory approvals secured, QXO is prepared to complete this acquisition and deliver immediate, compelling value to Beacon shareholders," said
GREENWICH, Conn., Feb. 06, 2025 (GLOBE NEWSWIRE) -- QXO, Inc. (NYSE:QXO) today issued the following statement in response to the announcement by Beacon Roofing Supply, Inc. (NASDAQ:BECN) that its Board of Directors has rejected QXO's all-cash $124.25 per share offer. On January 27, 2025, QXO commenced a tender offer to purchase all outstanding shares of Beacon for $124.25 per share in cash, for an aggregate enterprise value of approximately $11 billion, representing a 37% premium to Beacon's 90-day unaffected volume-weighted average price of $91.02 per share as of November 15, 2024. QXO's offer price is also higher than Beacon's shares have ever traded. Beacon's Board offers no basis for
Beacon (NASDAQ:BECN) (the "Company") announced today that, consistent with last year, its earnings results for the quarter and full year ended December 31, 2024 will be released before the market opens on Thursday, February 27, 2025. The Company will host a conference call and webcast to discuss its financial results at 8:30 a.m. Eastern Time that same day. Analysts, investors and interested parties are invited to register and listen to the earnings call and view accompanying slides on the Company's website at the below link. Details for the earnings release event are as follows: What: Beacon Fourth Quarter and Full Year 2024 Earnings Call When: Thursday, February
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Four greenfield branches expand service area in Indiana, Wisconsin, Florida and Texas Further supports Ambition 2025 Plan to drive above market growth by significantly enhancing customer reach Beacon (NASDAQ:BECN), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that it has opened four greenfield branches to better serve both residential and non-residential roofing customers. New branches in Lafayette, Indiana and La Crosse, Wisconsin will serve these upper Midwest markets. "Both locations are well positioned to provide a full range of exterior products to new and current customers seeking to grow the
Beacon (the "Company") (NASDAQ:BECN) the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, announced today a partnership with the U.S. Army Partnership for Your Success (PaYS) Program to provide military service members with career pathways in the roofing industry following their military service. This alliance underscores Beacon's commitment to supporting Veterans and providing career opportunities to those who have served our nation. As a PaYS Partner, Beacon will actively recruit Veterans for roles across the company, offering them the chance to build rewarding careers throughout the Company's nationwide footprint. This press rel
Expands service for commercial contractors in Los Angeles Beacon (NASDAQ:BECN) announced today that it has completed the acquisition of Roofers Mart of Southern California, Inc. ("Roofers Mart") located in Walnut, California. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240710314693/en/Roofers Mart of Southern California, Inc. Roofers Mart has a 40-year history serving roofing contractors in the Los Angeles metro market. "We are excited to join the Beacon team. Our customers trust us to deliver top quality, which will be enhanced as we combine with Beacon to extend our expertise, scope, and size," commented Greg Robles, CEO
Beacon (NASDAQ:BECN) announced today the appointment of Prithvi (Prith) Gandhi as Executive Vice President and Chief Financial Officer. Mr. Gandhi will join Beacon on May 1, 2024, and assume his role as Chief Financial Officer on or about May 6, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240422328918/en/Prithvi Gandhi, Beacon (Photo: Business Wire) Prior to joining Beacon, Mr. Gandhi was VP, Finance and Chief Financial Officer at TAMKO Building Products, a roofing products manufacturer and supplier for the last two years where he led initiatives that drove business insights and financial leverage resulting in improved
Five new locations and increased service for building contractors in the Midwest Beacon (NASDAQ:BECN) announced today that it has completed the acquisition of General Siding Supply ("General Siding") headquartered at its Omaha, NE branch, with four additional branches located in Lincoln, NE, Grand Island, NE, Sioux City, IA and West Fargo, ND. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240412236560/en/General Siding Supply For nearly 50 years, General Siding has provided building supplies including siding, windows, and doors to Midwest contractors. "Beacon is a great place to work, and our employees are excited to join the
Specialty waterproofing contractors in Mid-Atlantic region gain expanded service from Beacon Beacon (NASDAQ:BECN) announced today that it has completed the acquisition of Metro Sealant & Waterproofing Supply, Inc. ("Metro Sealant") headquartered in Springfield, VA with three additional branches located in Ashland, VA, Linthicum, MD, and Virginia Beach, VA. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240209907786/en/Metro Sealant Metro Sealant has a 35-year history serving contractors, design professionals, and owners with tailored sealant and waterproofing solutions for commercial construction. "We are proud to join the Bea
More locations and increased service for commercial contractors in the Carolinas Beacon (NASDAQ:BECN) announced today that it has completed the acquisition of Roofers Supply of Greenville ("Roofers Supply") headquartered in Greenville, SC with two additional branches located in Charlotte, NC and Raleigh, NC. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240131049790/en/Roofers Supply Roofers Supply has a more than 40-year history in commercial roofing throughout the southeast. "We are excited to join the Beacon team. Our contractors and employees will benefit from combining our expertise, scope, and size," commented Chris Cau
Announces Preliminary Above Expectations Results for Fourth Quarter and Full Year 2023 Exceeded Ambition 2025 Revenue and Shareholder Return Targets in 2023 Announces Preliminary 2024 Outlook HERNDON, Va., Jan. 10, 2024 /PRNewswire/ -- Beacon (NASDAQ:BECN) (the "Company", "we," "us" or "our") is announcing the appointment of Carmelo Carrubba, Beacon's current Vice President of Strategy and Transformation, as Interim Chief Financial Officer, effective January 20, 2024. Beacon is also announcing its estimated preliminary results for the quarter and full year ended December 31, 2023 and its preliminary 2024 outlook.
JACKSONVILLE, Fla. , July 19, 2023 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT), through its operating subsidiary Duos Technologies, Inc. a provider of vision based analytical technology solutions, has appointed rail industry veteran Frank Lonegro to its Board of Directors. With a 30-year professional career spanning leadership roles in finance, law, technology and operations, Mr. Lonegro enjoyed a long and distinguished career at CSX Corporation (NASDAQ:CSX) starting in 2000 as Assistant General Counsel and serving in various senior executive roles including Chief Financial Officer from 2015 to 2019. He currently serves as the Chief Financial O
Beacon (NASDAQ:BECN) (the "Company") announced today that Racquel Harris Mason has been appointed to its Board of Directors effective March 16, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230221005641/en/Racquel Harris Mason Ms. Mason, age 53, currently serves as a member of the board of directors of NeilsenIQ, a leading consumer intelligence company. She previously served as Executive Vice President and Chief Marketing Officer at Elanco Animal Health Incorporated, a provider of animal health products and services. Prior to that, Ms. Mason was employed at the Coca-Cola Company for 14 years, most recently as Senior Vice P
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