Home » Beacon Roofing Supply Core Sales Fall 12.2% in 1Q
Beacon Roofing Supply Core Sales Fall 12.2% in 1Q
February 8, 2008
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.