Total Revenue

–0.3% (Q1 2025: $1,907.8M vs. Q1 2024: $1,912.4M)

Total revenue was essentially flat in Q1 2025. Although residential roofing sales remained steady, a decline in non-residential roofing (over 5% drop) offset any potential growth, keeping overall revenue nearly unchanged. " " "

Residential Roofing

No significant change (Q1 2025: $928.6M vs. Q1 2024: $927.4M)

Residential roofing sales maintained stability compared to Q1 2024. This suggests that the pricing strategies and market demand that drove modest increases in previous periods continued to hold steady in the current quarter. " " " " "

Non‑Residential Roofing

Declined by over 5% (Q1 2025: $501.3M vs. Q1 2024: $528.6M)

A marked decline in non-residential roofing indicates weaker performance in this core segment compared to the prior year. This drop contrasts with previous periods when strong demand and effective market execution drove growth, suggesting a potential seasonal slowdown or shifts in customer purchasing behavior. " " " " "

Operating Income

Deteriorated sharply from $45.1M to –$23.4M

Operating income reversed from a profit to a loss due to a significant increase in operating expenses. The previous quarter’s modest profitability was not sustained in Q1 2025, where factors such as merger-related costs, restructuring expenses, and other operational challenges likely contributed to the sharp decline. " " "

Net Income

Swung from $5.6M profit to –$43.1M; EPS from $0.09 to –$0.70

Net income suffered a substantial swing into negative territory driven by the same pressures seen in operating income. The impact of higher operating expenses, increased interest costs, and one-time merger-related items transformed a prior period modest profit into a notable loss, emphasizing the challenges faced in Q1 2025. " " "