Beacon Roofing Supply, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 27, 2024 at 04:00 pm EST
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Beacon Roofing Supply, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 2,299.5 million compared to USD 1,969.4 million a year ago. Net income was USD 95.1 million compared to USD 73.3 million a year ago. Basic earnings per share from continuing operations was USD 1.5 compared to USD 0.9 a year ago. Diluted earnings per share from continuing operations was USD 1.47 compared to USD 0.88 a year ago.
For the full year, sales was USD 9,119.8 million compared to USD 8,429.7 million a year ago. Net income was USD 435 million compared to USD 458.4 million a year ago. Basic loss per share from continuing operations was USD 0.43 compared to basic earnings per share from continuing operations of USD 5.66 a year ago. Diluted loss per share from continuing operations was USD 0.43 compared to diluted earnings per share from continuing operations of USD 5.55 a year ago.
Beacon Roofing Supply, Inc. is a distributor of roofing materials and complementary building products, such as siding and waterproofing in North America. The Companyâs product lines are designed to meet the requirements of its residential, non-residential, and complementary building products customers. It maintains a fleet of 1,667 straight trucks, 742 tractors and 985 trailers. Its various delivery vehicles are equipped with specialized equipment, including 2,380 truck-mounted forklifts, cranes, hydraulic booms, and conveyors. Its private label brand includes TRI-BUILT. In the residential market, its main product is asphalt shingles. In the non-residential market, single-ply membranes, insulation, and accessories are its main product offerings. The Company serves professional contractors, home builders, building owners, lumberyards, and retailers the United States and Canada who depend on reliable local access to building products for residential across and non-residential projects.