The 2020 Mid-Year Economic Update_long

Beacon Roofing Supply Sales Up 60.5% in 3Q

Year-to-date sales increased 70.9 percent year-over-year.

Beacon Roofing Supply Inc. (NASDAQ: BECN), Peabody, MA, reported sales for the fiscal third quarter ended June 30 of $1.2 billion, a 60.5 percent increase over the same period a year ago. Profit increased 45.2 percent to $41.1 million.

Residential roofing product sales increased 73 percent, nonresidential roofing product sales increased 43.9 percent, and complementary product sales increased 57.8 percent over the prior year. 

"Sales grew over 60 percent in the quarter, mainly from the RSG and the seven additional acquisitions made this year," said Paul Isabella, president and CEO. "Organic sales grew 8.7 percent in the quarter, driven by our greenfield investments over the last four years and the increased storm activity in the Dallas metropolitan area."

For the first nine months, sales were $3 billion, up 70.9 percent over the same period a year ago. Profit was $42.5 million, up 34.9 percent year-over-year.

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