Beacon Roofing Supply (BECN) Tops Q2 EPS by 25c
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Beacon Roofing Supply Reports Second Quarter 2016 Results
May 2, 2016 4:12 PM EDTRecord second quarter sales of $823.5 million, nearly doubling prior year at 99.3% growth Organic growth of 27.7% in existing markets (31.4% growth in residential roofing) Adjusted EPS of $0.03 (GAAP EPS of ($0.10)) vs. ($0.20) in prior year Second quarter adjusted EBITDA grew to $36.9 million from ($3.6) million in the prior year Record first half sales of $1.8 billion vs. $1.0 billion in prior year (78.4% growth)
HERNDON, Va.--(BUSINESS WIRE)-- Beacon Roofing Supply, Inc. (the "Company") (NASDAQ: BECN)... More
Beacon Roofing Supply Announces Acquisition of Michigan-Based Fox Brothers Company
May 2, 2016 9:37 AM EDTHERNDON, Va.--(BUSINESS WIRE)-- Beacon Roofing Supply, Inc. (NASDAQ: BECN) ("Beacon") announced today that it has acquired Fox Brothers Company (Fox), a distributor of roofing, siding, windows, doors and related products headquartered in Lansing, Michigan. Founded by Tom and Dan Fox over thirty years ago, Fox has grown to four branches, with locations in Lansing, Grand Rapids, Kalamazoo and Howell, Michigan.
Fox President Tom Fox stated: "Joining the Beacon team presents a tremendous opportunity for the entire Fox family and our loyal customers and employees. Beacons national market strength and... More
