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Beacon Roofing Supply (BECN)
NASDAQ:BECN
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.65Last Year’s EPS
$1.72Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 6.38%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Neutral
Beacon demonstrated resilience and strong execution on strategic plans, achieving record top-line and bottom-line performance. However, challenges in market demand, particularly in Florida, and increased operating expenses tempered the overall positive outlook.Company Guidance
During Beacon's third-quarter 2024 earnings call, the company provided guidance reflecting several key metrics. Beacon reported nearly $2.8 billion in total net sales, a year-over-year increase of over 7%, primarily driven by recent acquisitions. Daily sales grew by approximately 6%, with gross margin coming in at 26.3%, exceeding prior guidance through disciplined margin management. Beacon's adjusted EBITDA reached a record high, though the full-year adjusted EBITDA is now expected to fall in the lower half of the previously communicated $930 million to $970 million range. The company highlighted a strategic focus on cost management, achieving approximately $45 million in annualized savings from recent operational adjustments. Looking ahead, Beacon anticipates mid-single-digit growth in daily sales for Q4, with gross margins expected to be in the mid-25% range, influenced by strong execution and the impact of recent hurricanes on demand dynamics.Record Top Line and Strong Bottom Line Performance
Beacon delivered a record for quarterly adjusted EBITDA, with nearly $2.8 billion in total net sales, up more than 7% year-over-year, primarily driven by acquisitions.
Successful Acquisitions Strategy
Beacon acquired 7 companies since the end of the second quarter, adding to their commercial footprint and enhancing customer solutions. Collectively, these acquisitions are generating around $1 billion in annual revenue.
Digital Sales Growth
Digital sales grew approximately 28% year-over-year, with the highest quarterly adoption ever at more than 28%, enhancing margin by roughly 150 basis points compared to offline channels.
Improvement in Nonresidential Sales
Nonresidential sales per day increased by nearly 8%, driven by strong repair and replacement activity and solid market execution.
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BECN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BECN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $95.47 | $92.07 | -3.56% |
| Aug 01, 2024 | $98.27 | $85.40 | -13.10% |
| May 02, 2024 | $97.52 | $95.89 | -1.67% |
| Feb 27, 2024 | $89.49 | $84.25 | -5.86% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Beacon Roofing Supply (BECN) report earnings?
Beacon Roofing Supply (BECN) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Beacon Roofing Supply (BECN) earnings time?
Beacon Roofing Supply (BECN) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BECN EPS forecast?
BECN EPS forecast for the fiscal quarter 2024 (Q4) is $1.65.
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