Beacon Reports First Quarter 2021 Results

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Go back to Beacon Reports First Quarter 2021 Results

Beacon Roofing Supply (BECN) Misses Q1 EPS by 1c, Revenues Miss

February 8, 2021 4:02 PM EST

Beacon Roofing Supply (NASDAQ: BECN) reported Q1 EPS of $0.59, $0.01 worse than the analyst estimate of $0.60. Revenue for the quarter came in at $1.58 billion versus the consensus estimate of $1.7 billion.

Robust demand combined with strong operational execution drove significant year-over-year improvement in Q1 net income and Adjusted EBITDADouble-digit first quarter net sales growth driven by residential strength, while operating cost improvements reflect productivity gains and focus on delivering operating cost leverageIncreasing confidence in 2021 demand,... More