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/
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| 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 |
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
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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
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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
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
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