Beacon Roofing Supply Sales Grow 63.9% in 3Q
Beacon Roofing Supply, Peabody, MA, announced sales for the third quarter ended June 30, 2006, were up 63.9% to $407.1 million, reflecting sales from companies acquired since last year's third quarter and internal growth of 5.4%.
Strong sales of residential roofing and moderate growth in complementary building products offset a slight decline in non-residential roofing sales. The company opened six new branches since last year's third quarter.
Net income for the third quarter was $17.1 million, an increase of 50.5% from last year.
Year-to-date, sales increased 72.5% to $1.07 billion from $619.8 million in 2005, reflecting sales from companies acquired and ...