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Latest In Beacon Building Products (formerly Beacon Roofing Supply)
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The company achieved company records for 4Q and annual sales despite October-December daily sales growth that was half of the previous quarter.
As both sides continue to dig in, get the latest key takeaways from statements shared Feb. 6.
Beacon acknowledged the tender offer and recommended that shareholders take no action at this time.
Beacon shared its fourth quarter expansion efforts to support growth and improve customer service.
Beacon reported 2023 revenue of $9.3 billion, and its share price is up 14% year-to-date.
Beacon has made nine acquisitions so far in 2024.
Acquisitions and greenfields powered strong volume growth, and the distributor bolted-on its second company in 2024.
The company's VP of Strategy and Transformation takes on interim CFO duties while Beacon conducts an external search for a permanent CFO.
It marks Beacon’s fifth acquisition so far in 2023.
Beacon has now made four acquisitions in 2023.
We break down the building supplies distributors' 4Q and full-year financials, which included a company-record $8.4 billion in 2022 sales.
Beacon announced the acquisitions of Whitney Building Products and First Coastal Exteriors a day apart.
For the month, MDM reported 22 mergers and acquisitions among industrial distributors, the lowest total since May.
Beacon will create a new specialty waterproofing division as a result of the acquisition.
Birte von Schwarzenfeld joins Beacon after spending the past 3.5 years in executive roles at Hilti Group.
It was a notable acceleration from the building products distributor's 1Q growth, achieving company records in sales, profit and profit margin.
2021 fourth-quarter sales increased 11.3% compared to the prior year, while net income from continuing operations was $68.1 million.
The roofing material and building products distributor completed a divestiture of its solar products business in a sale to BayWa r.e.
