Says has "ample balance sheet capacity." Expects market demand to be lower in residential construction in 2023. Expects inventory to follow normal seasonality. Expects to outperform the market in 2023. Comments taken from Q4 earnings conference call.
Published first on TheFly
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Read More on BECN:
- Beacon expects to continue to strategically invest in initiatives
- Beacon expects 2023 market fundamentals to remain stable
- Beacon sees Q1 revenue up about 5% y/y, consensus $1.76B
- Beacon sees FY23 adjusted EBITDA $810M-$870M
- Beacon reports Q4 EPS 88c, consensus $1.21
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