Beacon Roofing Supply Reports FY ‘18 Results

Sales reach $6.42 billion for the year, propelled by 2017 acquisition of Allied Building Products.

Beacon Roofing Supply Inc. (NASDAQ: BECN), Herndon, VA, reported results for its fourth quarter and fiscal year ended September 30, 2018.

Fourth-quarter sales were $1.9 billion, a 50 percent increase over the same period a year ago. Net income for the quarter was $48.3 million. Sales for fiscal 2018 were $6.42 billion, up nearly 47 percent compared to last year, the company said. Net income for the year was $98.6 million, the company reported.

Beacon Roofing’s 2017 acquisition of Allied Building Products drove the strong results. Company President and CEO Paul Isabella said management was encouraged by the fourth-quarter and full-year results in the face of  “significant weather impacted, top-line challenges” to the business.

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.