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Beacon Roofing Sales Increase 7.5% in 1Q

Beacon Roofing Supply, Inc. (NASDAQ: BECN), Herndon, VA, reported sales for the first quarter, ended Dec. 31, 2013, of $552.1 million, a 7.5 percent increase from the previous year, with organic sales up 3.3 percent. Profit decreased 17.8 percent to $15 million.

Residential roofing product sales increased 1.4 percent, with non-residential roofing sales up 6.6 percent.

"We started the quarter exceptionally strong, but ended the month of December on a soft note as a result of some very challenging weather conditions in our Northern regions," said Paul Isabella, president and CEO of Beacon Roofing. "We were very pleased to see a strong rebound in commercial roofing this quarter as we continue to focus on diversifying our lines of business."

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