Beacon Roofing Supply Inc. (Nasdaq: BECN), Peabody, MA, reported sales for the first quarter ended Sept. 30, 2013, of $513.7 million, an increase of 4.9 percent compared to the same period a year earlier.
Organic sales declined 4.6 percent for the quarter (7.7 percent based on the same number of business days). Profit fell 4.8 percent to $18.2 million.
"Towards the end of the first quarter, we took advantage of our financial capacity and flexibility to purchase key products ahead of announced industry-wide price increases scheduled mostly for February and April."