Home » Beacon Roofing Supply Annual Sales Jump 76.4% to $1.5B
Beacon Roofing Supply Annual Sales Jump 76.4% to $1.5B
December 14, 2006
Beacon Roofing Supply, Inc., Peabody, MA, reported sales in 2006 reached $1.5 billion, an increase of 76.4% from $850.9 million in 2005, thanks to strong growth by acquisition. Organic growth was 14.7%, and the acquired companies contributed the remaining sales increase. Profit was $49.3 million in 2006, compared with $32.9 million in 2005. Beacon made several acquisitions in 2006, including the purchase of Shelter Distribution Inc., which has 57 branches and opened six new ones in the past year. In the fourth quarter 2006, Beacon acquired two companies, Roof Depot and RSM, whose six branches were added to Shelter regions, and opened one new branch. In the fourth quarter 2006, sales increased 86.6% from the prior-year period to $431.3 million.
Beacon's product groups are residential roofing, non-residential roofing and complementary building products. It saw saws increase in all three groups. Profit for the fourth quarter was $14.6 million compared with $10.4 million in the fourth quarter of 2005. More details here.