Beacon Roofing Supply (BECN) Misses Q4 EPS by 29c, Revenues Miss
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Beacon Roofing Supply Reports Fourth Quarter and Fiscal Year 2018 Results
November 19, 2018 4:01 PM ESTRecord fourth quarter net sales of $1.9 billion (50% growth year-over-year) Fourth quarter gross margins expanded by 40 bps vs. prior year to 25.4%; favorable price-cost performance for the 2nd consecutive quarter Fourth quarter EPS of $0.54 vs. $0.73 in the prior year; Adjusted EPS of $1.07 vs. $1.06 in the prior year Fourth quarter and fiscal year 2018 net income of $48.3 million ($84.1 million Adjusted) and $98.6 million ($206.7 million Adjusted) Record fourth quarter and fiscal year 2018 Adjusted EBITDA of $178.3 million and $483.6 million, respectively... More
