Earnings summaries and quarterly performance for Beacon Roofing Supply, Inc..
Research analysts who have asked questions during Beacon Roofing Supply, Inc. earnings calls.
Garik Shmois
Loop Capital Markets
3 questions for BECN
Also covers: ACA, AMWD, AWI +13 more
BB
Brian Biros
Stephens Inc.
2 questions for BECN
Also covers: AWI, BLDR, CNM +7 more
David Macgregor
Longbow Research
2 questions for BECN
Also covers: AOS, CSL, GRMN +14 more
KM
Ketan Mamtora
BMO Capital Markets
2 questions for BECN
Also covers: ALH, AZEK, BCC +8 more
Trey Grooms
Stephens Inc.
2 questions for BECN
Also covers: ACA, AZEK, BLD +13 more
David Manthey
Robert W. Baird & Co. Incorporated
1 question for BECN
Also covers: AIT, BLDR, CLH +13 more
Michael Dahl
RBC Capital Markets
1 question for BECN
Also covers: AHR, AZEK, BLDR +20 more
MR
Michael Rehaut
JPMorgan Chase & Co.
1 question for BECN
Also covers: AZEK, BLD, CCS +17 more
Mike Dahl
RBC Capital Markets
1 question for BECN
Also covers: BLDR, CNM, DHI +13 more
RG
Reuben Garner
Stifel
1 question for BECN
Also covers: BCC, BLD, BLDR +12 more
SE
Stanley Elliott
Stifel
1 question for BECN
Also covers: HEES
Trevor Allinson
Wolfe Research, LLC
1 question for BECN
Also covers: AMWD, AZEK, DHI +18 more
Recent press releases and 8-K filings for BECN.
Beacon Roofing Supply Inc. Completes Merger and Restructures Debt
BECN
M&A
Debt Issuance
Delisting/Listing Issues
- Merger Completion: On April 29, 2025, the company consummated its merger, resulting in it becoming a wholly owned subsidiary of QXO and executing the cash tender offer at $124.35 per share.
- New Debt Financing: The company assumed new financing arrangements, including the issuance of $2.25B 6.75% Senior Secured Notes due 2032, a new term loan facility for $2.25B, and an asset-based revolving credit facility with up to $2.00B of availability (with initial borrowing of $400M).
- Delisting Initiative: The company requested Nasdaq to suspend trading and delist its shares effective 10 days after the April 29, 2025 filing, with plans to deregister its securities.
- Note Redemptions: Concurrent with the merger, the company redeemed its 2026 and 2030 Notes and deposited sufficient funds for redeeming the 2029 Notes, thereby satisfying and discharging the respective indentures.
Apr 29, 2025, 12:00 AM
Beacon Roofing Supply Announces Q1 2025 Updates
BECN
M&A
Earnings
- Preliminary Q1 2025 results indicate a net sales range of $1,898–$1,918 million, an estimated net loss of $41.3–$45.3 million, and adjusted EBITDA between $80.0–$84.0 million compared to Q1 2024 figures.
- Merger activity: Beacon Roofing Supply entered a merger agreement with QXO, Inc. on March 20, 2025, which is driving a forthcoming financing transaction.
Apr 21, 2025, 12:00 AM
Beacon Roofing Supply Inc. Announces Executive Resignation and Filing Update
BECN
Management Change
- Effective March 20, 2025, James J. Gosa resigned as Executive Vice President and Chief Commercial Officer, marking a notable management change.
- The 8-K filing, published on March 24, 2025, includes financial exhibits and signatures by CFO Prithvi S. Gandhi, confirming the timely disclosure.
Mar 24, 2025, 12:00 AM
Beacon Roofing Supply Announces Definitive Merger & QXO Acquisition with Queen MergerCo
BECN
M&A
Takeover Bid
- Definitive Merger & Acquisition Agreement: Beacon Roofing Supply entered into a definitive merger agreement with QXO, Inc. and Queen MergerCo, Inc. on March 20, 2025 for an approximate $11 billion deal with an all-cash offer of $124.35 per share.
- Unanimous Board Approval: The transaction has been unanimously approved by both companies’ boards and is expected to close by the end of April 2025, subject to customary conditions and sufficient shareholder tender.
- Tender Offer Amendment: The company amended its tender offer by increasing the purchase price from $124.25 to $124.35 per share, with the offer open until at least May 20, 2025.
- Regulatory Filings: An amendment to the Stockholder Rights Agreement was executed alongside the merger filings, outlining further conditions of the transaction.
Beacon Roofing Supply Inc Reports Record Q4 2024 & Full Year Financial Performance
BECN
Earnings
Revenue Acceleration/Inflection
Share Buyback
M&A
- Achieved record Q4 net sales of $2.40B ( ) and record full-year net sales of $9.76B with Q4 sales up +2.8% YoY ( ).
- Posted record Q4 adjusted EBITDA of approximately $223M ( ).
- Delivered robust profitability with operating cash flow of $360M and GAAP net income of $84M through improved margin management ().
- Enhanced operations with digital sales up about 20% YoY, maintained gross margins at 25.7%, and executed cost-saving actions expected to yield $30M in annual savings ( ).
- Committed to capital allocation by returning $225M to shareholders via an accelerated share repurchase and executing over $1.5B in total share buybacks ( ).
- Invested in long-term growth through strategic acquisitions and greenfield investments ( ).
Feb 27, 2025, 12:00 AM
Quarterly earnings call transcripts for Beacon Roofing Supply, Inc..
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