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Beacon Roofing Supply, Inc. (BECN) is a leading distributor of roofing materials and complementary building products in North America. The company serves residential and non-residential markets, offering a wide range of professional-grade exterior products. With over 135,000 SKUs, Beacon provides high-quality solutions for contractors, builders, and retailers, including its private label brand, TRI-BUILT\u00ae, which delivers superior value and exclusivity.
- Residential Roofing Products - Offers asphalt shingles and other materials tailored for residential roofing needs, representing the largest share of products sold in this market.
- Non-Residential Roofing Products - Provides single-ply membranes, insulation, and accessories designed for non-residential roofing applications.
- Complementary Building Products - Includes waterproofing, siding, plywood/oriented strand board (OSB), windows, and doors to support broader building and construction requirements.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Julian G. Francis ExecutiveBoard | President and Chief Executive Officer | Julian G. Francis is the President and Chief Executive Officer of BECN since August 2019. He also serves as a Director on the company's board, although his board role is not considered independent due to his executive position. | View Report → | |
Sean M. McDevitt ExecutiveBoard | Executive Vice President and Chief Human Resources Officer | Member, Investment Committee for Beacon Sales Acquisition, Inc.'s 401(k) Profit Sharing Plan | Sean M. McDevitt has served as the Executive Vice President and Chief Human Resources Officer at BECN since May 2021, where he oversees the company’s human resources functions. He also serves as a member of the Investment Committee for Beacon Sales Acquisition, Inc.'s 401(k) Profit Sharing Plan. | |
C. Munroe Best III Executive | President of the South Division | Trustee for a trust owning a minority stake in M. Best & Sons, South Carolina Warehousing, LLC, and Wilmington Warehousing LLC | C. Munroe Best III has been the President of the South Division at Beacon since 2018 and has served in several progressive roles at the company since joining in 2000. He has a strong track record in building materials distribution, having advanced from Regional Vice President to Senior Vice President and Executive Vice President, contributing significantly to Beacon's growth. | |
Carmelo Carrubba Executive | Vice President of Strategy and Transformation | Carmelo Carrubba is the Vice President of Strategy and Transformation at BECN since April 2022. He previously served as Interim Chief Financial Officer from January 20, 2024 to May 6, 2024, receiving compensation and stock awards during that period. | ||
Christine E. Reddy Executive | Executive Vice President, General Counsel, and Corporate Secretary | Christine E. Reddy is the Executive Vice President, General Counsel, and Corporate Secretary at BECN since April 2021. She previously held the role of Vice President, Deputy General Counsel, and Deputy Corporate Secretary at Fannie Mae for 15 years. | ||
Christopher C. Nelson Executive | Executive Vice President and Chief Technology Officer | Christopher C. Nelson is the Executive Vice President and Chief Technology Officer at Beacon Roofing Supply since October 2023, having previously served as Executive Vice President and Chief Information Officer from 2019 and as Vice President and Chief Information Officer from July 2006. He has a strong background in IT and operations excellence, with additional experience at Dan River, Inc. and PricewaterhouseCoopers. | ||
Jason L. Taylor Executive | President of the West Division | Jason L. Taylor has served as President of the West Division at BECN since 2020 and has been with the company since 2011, holding various roles including Regional Manager, Regional Vice President for the Pacific Region, and VP, Sales for the West Division. | ||
Jonathan S. Bennett Executive | President, North Division | Jonathan S. Bennett is the President, North Division at Beacon Roofing Supply since January 2025, having previously served as Executive Vice President and Chief Commercial Officer from June 2021 to December 2024. | ||
Martin S. Harrell Executive | President of the Waterproofing Division | Martin S. Harrell has served as President of the Waterproofing Division at Beacon Roofing Supply, Inc. since November 2022. Previously, he was the Chief Executive Officer of Coastal Construction Products where he led multiple acquisitions and a major rebranding effort. | ||
Alan Gershenhorn Board | Independent Director | Board member at Transportation Insight; Board member at OTR Solutions; Advisor at 8VC | Alan Gershenhorn has been serving as an independent director at Beacon Roofing Supply, Inc. since May 2015 and chairs the Nominating and Governance Committee. He previously held several senior roles at UPS and was CEO of Logistics Innovation Technologies Corp. from 2021 to 2023. | |
Douglas L. Young Board | Independent Director | Board member at K&N Engineering, Inc. | Douglas L. Young has served as an Independent Director for Beacon Roofing Supply, Inc. since October 2014, and he serves as the Chair of the Compensation Committee and a member of the Nominating and Governance Committee. Previously, he held executive roles at Lennox International Inc. and management positions at General Electric. | |
Earl Newsome Board | Independent Director | CIO of Cummins Inc. | Earl Newsome, Jr. has been an Independent Director at Beacon Roofing Supply, Inc. since March 2021 and serves on the Audit and Nominating & Governance Committees, contributing strategic IT and cybersecurity expertise to support the company’s e-commerce platform and growth initiatives. | |
Major General (Ret.) Barbara G. Fast Board | Independent Director | President/CEO at BGF Enterprises, LLC; Strategic Advisor at Sierra Nevada Corporation; Strategic Advisory Board Member at Axellio, Inc.; Strategic Advisory Board Member at Huvr Inc.; Board of Directors Member at UltraViolet | Major General (Ret.) Barbara G. Fast, with extensive cybersecurity and leadership experience from a distinguished military career, has served as an Independent Director at Beacon Roofing Supply, Inc. since October 2018. | |
Melanie M. Hart Board | Independent Director | Senior Vice President, Chief Financial Officer, and Treasurer at Pool Corporation | Melanie M. Hart is an independent director at Beacon Roofing Supply, Inc. since October 2022, serving on the Audit and Compensation Committees. Previously, she has held executive roles at Pool Corporation as Senior Vice President, Chief Financial Officer, and Treasurer since 2021. | |
Neil S. Novich Board | Independent Director | Chairman of the Audit Committee, Member of the Nominating/Corporate Governance Committee and Mergers and Acquisitions Committee at Hillenbrand, Inc.; Member of the Audit Committee and Board Affairs & Nominating Committee at W.W. Grainger, Inc. | Neil S. Novich has served as an Independent Director at Beacon Roofing Supply, Inc. since July 2012. He serves on the Audit Committee and the Nominating and Governance Committee, and has previously held executive roles at Ryerson Inc. and consulting roles at Bain & Company. | |
Racquel H. Mason Board | Independent Director | President – North America at LIPTON Teas and Infusions; Member of the Board of Directors at NeilsenIQ | Racquel H. Mason has been serving as an Independent Director at Beacon Roofing Supply, Inc. since February 2023. She is a member of the Compensation and Nominating and Governance Committees and holds active external roles as President – North America at LIPTON Teas and Infusions since June 2023 and as a Member of the Board of Directors at NeilsenIQ since 2021. | |
Robert M. McLaughlin Board | Independent Director | Robert M. McLaughlin has served as an Independent Director at Beacon Roofing Supply, Inc. since June 2016 and holds key board responsibilities as Chair of the Audit Committee and as a member of the Compensation Committee. He also brings extensive financial management experience from previous roles such as CFO at Airgas, Inc.. | ||
Stuart A. Randle Board | Independent Chair of the Board | Chairman of the Compensation Committee at Teleflex; Member of the Nominating & Governance Committee at Teleflex | Stuart A. Randle has served as a director at Beacon Roofing Supply, Inc. since February 2006 and currently holds the role of Independent Chair of the Board, providing strategic oversight to the company. He brings extensive leadership experience from his participation on boards and executive roles in other companies. | |
J. Jake Gosa | J. Jake Gosa held senior roles at BECN, serving as President of the North Division from 2019 until January 2025 and as Executive Vice President and Chief Commercial Officer from January 2025 until his resignation in March 2025. |
- Considering your comments on the April price increase generating about a 1% incremental ASP for the full year, how do you plan to ensure these gains materialize given the current choppy market conditions and weather-related fluctuations?
- With SG&A expected to remain above the 17% target due to additional expenses from acquisitions and greenfields, what specific operational or cost-saving initiatives will you implement to drive it back toward your target?
- You mentioned that price/cost will be neutral for 2025 without breaking down individual cost buckets—can you clarify how inflationary pressures and inventory liquidation strategies will impact margins across different product lines?
- As you target the addition of 15 to 20 greenfield locations primarily in OTC markets, what measures are in place to integrate these new branches effectively without diluting service levels or operational efficiency?
- The bottom quintile branch initiative has delivered substantial gains, yet with the “low-hanging fruit” diminishing, what are your plans to sustain further improvements and how will this strategy impact overall profitability going forward?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Chicago Metal Supply & Fabrication, Inc. | 2024 | Acquired on September 10, 2024 in Illinois with one branch, featuring $5.0 million in goodwill and $5.8 million in intangibles with an open measurement period. |
Passaic Metal and Building Supplies Co. and affiliates | 2024 | Acquired on August 1, 2024 across New Jersey and New York with 9 branches, recognizing $44.2 million in goodwill and $44.0 million in intangibles, which expanded Beacon’s commercial footprint as part of its balanced growth strategy. |
SSR Roof Supply Ltd. | 2024 | Acquired on August 1, 2024 in Canada with 2 branches, with $3.1 million in goodwill and $11.3 million in intangible assets supporting its strategic expansion. |
Roofers Mart of Southern California, Inc. | 2024 | Acquired on July 10, 2024 in California with one branch, recording $0.6 million in goodwill and $1.1 million in intangibles; the measurement period remains open. |
Integrity Metals, LLC | 2024 | Acquired on July 1, 2024 in Florida with 2 branches, featuring $5.5 million in goodwill and $6.0 million in intangibles as Beacon expanded its metal solution offerings for residential and commercial markets. |
Extreme Metal Fabricators, LLC | 2024 | Acquired on July 1, 2024 in Florida with 2 branches, with $9.6 million in goodwill and $15.2 million in intangible assets enhancing Beacon’s metal solutions for coastal regions. |
Smalley & Company | 2024 | Acquired on May 1, 2024 across multiple Western states (including Colorado, Arizona, and Utah) with 11 branches, adding $4.0 million in goodwill and $25.8 million in intangibles to strengthen its waterproofing distribution under the Ambition 2025 initiative. |
General Roofing & Siding Supply Co. | 2024 | Acquired on April 15, 2024 in Nebraska, Iowa, and North Dakota with 5 branches, recording provisional goodwill values of $4.0 million (Q2) and $3.6 million (Q3) along with $8.8 million in intangibles, with the measurement period still open. |
Metro Sealant & Waterproofing Supply, Inc. | 2024 | Acquired on February 12, 2024 in Virginia and Maryland with 4 branches, with provisional goodwill estimates between $22.4–$22.6 million and $25.2 million in intangibles, bolstering Beacon’s waterproofing division as part of its growth strategy. |
Roofers Supply of Greenville | 2024 | Acquired on February 1, 2024 in South Carolina and North Carolina with 3 branches, featuring $35.1 million in goodwill and $26.6 million in intangible assets that contribute to the Ambition 2025 growth plan. |
S&H Building Material Corporation | 2023 | Acquired on September 5, 2023 in New York with one branch, recording $5.7 million in goodwill and $4.1 million in intangibles with its measurement period still open. |
All American Vinyl Siding Supply, LLC | 2023 | Acquired on August 1, 2023 in Mississippi with one branch, adding $0.7 million in goodwill and $0.8 million in intangible assets as part of Beacon’s strategy to expand customer reach and improve margins. |
Crossroads Roofing Supply, Inc. | 2023 | Acquired on July 11, 2023 in Oklahoma with 5 branches, contributing $2.5 million in goodwill and $11.1 million in intangible assets to boost Beacon’s delivery footprint and customer expansion. |
Silver State Building Materials, Inc. | 2023 | Acquired on June 12, 2023 in Nevada with one branch, with $0.5 million in goodwill and $0.9 million in intangible assets aimed at strengthening Beacon's presence in the Reno and Lake Tahoe markets. |
Al's Roofing Supply, Inc. | 2023 | Acquired on March 31, 2023 in California with 4 branches, with cumulative goodwill ranging between $3.0 million and $3.6 million and $7.1 million in intangibles based on provisional estimates across measurement periods. |
Prince Building Systems, LLC | 2023 | Acquired on March 31, 2023 in Wisconsin with one branch, recording provisional goodwill estimates from $0.6 million to $1.0 million and intangible assets between $2.0 million and $2.7 million, with the measurement period still open. |
First Coastal Exteriors, LLC | 2023 | Acquired on January 4, 2023 in the Southeast (Alabama and Mississippi) with 2 branches and approximately $10 million in pre-acquisition sales, earning $0.8 million in goodwill and $1.9 million in intangibles to enhance Beacon’s residential and commercial product offerings. |
Coastal Construction Products | 2022 | Announced on November 1, 2022 with 18 branches in the Southeast, this strategic acquisition brought in estimated annual sales of $250 million and EBITDA of $25 million, positioning Beacon for accelerated growth in the specialty waterproofing market as part of Ambition 2025. |
Complete Supply, Inc. | 2022 | Acquired on June 1, 2022 in Illinois with one branch, generating approximately $10 million in annual sales, with provisional values of $8.4 million in goodwill and $4.6 million in intangible assets that support Beacon’s geographic expansion. |
Wichita Falls Builders Wholesale, Inc. | 2022 | Acquired on April 29, 2022 in Texas with one branch, featuring around $4 million in annual sales, $0.2 million in goodwill, and $0.5 million in intangible assets to complement its distribution of exterior building materials. |
Crabtree Siding and Supply | 2022 | Acquired on January 1, 2022 in Tennessee with one branch (located between Nashville and Knoxville), with approximately $1 million in annual sales, $0.1 million in goodwill, and $0.1 million in intangible assets, reinforcing Beacon’s presence in key markets. |
Recent press releases and 8-K filings for BECN.
- 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.
- 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.
- 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.
- 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.
- 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 ( ).