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February 8, 2008

Beacon Roofing Supply Core Sales Fall 12.2% in 1Q

Beacon Roofing Supply, Inc., Peabody, MA, reported sales were up 4.8% to $398.4 million in the first quarter 2008 ended Dec. 31, 2007. The increase was due to $64.7 million in acquired sales.
 
Organic growth was down 12.2%, caused by declines of 18.9% and 15.2% in residential roofing and complementary product sales, respectively, with non-residential roofing sales in existing market down just 0.1%.
 
Profit for the quarter was $5.2 million, a decline of 40.5% from the prior-year period.

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