Beacon reports Q4 EPS $1.32, consensus $1.65

Reports Q4 revenue $2.4B, consensus $2.43B. “Despite the challenging economic environment in 2024, we delivered record fourth quarter and full year sales and our highest fourth quarter Adjusted EBITDA in history,” said Julian Francis, Beacon’s (BECN) president and CEO. “Since the announcement of our Ambition 2025 plan, we have faced the effects of a global pandemic, near-record levels of inflation, escalating interest rates, and an increasingly challenging housing market. Notwithstanding these headwinds, our Ambition 2025 plan has delivered multiple paths of growth every year and across all of our business lines. We have also continued to meet our targets, including reporting year-over-year net sales growth for the last 16 quarters, highlighting the resilience of our business model. Moreover, our strong balance sheet capacity provided the flexibility to invest in our future growth including continued high levels of growth-oriented capital expenditures and enhancements to our operational capabilities, including sales productivity, working capital management, and our pricing model. This investment supported the opening of 19 greenfield locations and the acquisition of 42 branches, enhancing our customer reach and service. Our achievements to date wouldn’t have been possible without the unwavering focus of the entire Beacon team, and I’m incredibly proud of our team members for delivering high caliber customer service, while expanding sales through our digital platform and private label program.”