Beacon Roofing Supply 1Q Sales Increase 70.6%
Beacon Roofing Supply, Inc., Peabody, MA, reported sales increased 70.6% to a record $339.9 million in the first quarter of fiscal year 2006 from $199.2 million in the same period in 2005. The company had organic growth of 14.3%, with strong sales in residential roofing, non-residential roofing and complementary building products.
Acquisitions made up the rest of the sales increase. Beacon, with $850 million in revenues last year, bought Shelter Distribution in mid-October 2005, JGA Corp. in mid-December 2004, and at least three other companies in the past year. The company also opened eight new branches since Dec. 31, 2004.
The company reported first-quarter profit of $12.9 million in 2006 compared to $8.7 million in 2005, an increase of 47.6%.
'We are ...