BEACON ROOFING SUPPLY Misses Earnings and Revenue Estimates
May 5, 2023
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Beacon Roofing Supply ($NASDAQ:BECN), Inc., is one of the largest distributors of residential and commercial roofing materials in North America. Despite strong market conditions, the company recently reported financial results that missed analyst estimates, with GAAP Earnings Per Share of $0.25, falling short of expectations by $0.09, and revenue of $1.74 billion, $30 million below the expected figure. Going forward, it will be interesting to see how Beacon Roofing Supply responds to these unexpected pressures. The company has proven resilient in the past and they are likely to continue to stay competitive in this ever-changing industry.
Share Price
On Thursday, BEACON ROOFING SUPPLY (BECN) reported earnings and revenue results that missed estimates. The company’s stock opened at $60.4, but closed at $59.9, down 1.5% from its previous closing price of $60.8. This marked the company’s third straight quarter of missing earnings and revenue estimates. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BECN. More…
| Total Revenues | Net Income | Net Margin |
| 8.43k | 379.6 | 5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BECN. More…
| Operations | Investing | Financing |
| 401.1 | -395.6 | -162.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BECN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6k | 3.7k | 31.22 |
Key Ratios Snapshot
Some of the financial key ratios for BECN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.9% | 68.2% | 8.3% |
| FCF Margin | ROE | ROA |
| 3.7% | 19.8% | 7.3% |
Analysis
At GoodWhale, we are here to help investors make informed decisions about their investments. That’s why we analyzed the financials of BEACON ROOFING SUPPLY to give you all the facts you need to make an informed decision. Our Risk Rating analysis gave BEACON ROOFING SUPPLY a medium risk rating. This means that while investing in this company has potential, there may be some risks involved with it. We identified two potential risk warnings in the company’s balance sheet and non-financial aspects. To access the full details of these potential risks, you’ll need to become a registered user on GoodWhale. At GoodWhale, we are committed to bringing you all the information you need to make an informed decision about your investments. We hope that our analysis of BEACON ROOFING SUPPLY has helped you in this process. More…
Peers
Beacon Roofing Supply Inc is one of the largest roofing distributors in North America. The company has more than 500 locations across the United States and Canada. The company was founded in 1928 and is headquartered in Herndon, Virginia. Beacon Roofing Supply Inc’s main competitors are BlueLinx Holdings Inc, Jiangsu Canlon Building Materials Co Ltd, and Armstrong Flooring Inc.
– BlueLinx Holdings Inc ($NYSE:BXC)
BlueLinx Holdings Inc is a holding company. Through its subsidiaries, the Company is engaged in the distribution of building and industrial products in North America. It offers its products to customers in the United States and Canada. The Company’s segments include Wholesale and Retail. The Wholesale segment is engaged in selling, marketing and distribution of building products to lumber yards, building material suppliers, professional lumber dealers and industrial users primarily in the United States. The Retail segment is engaged in selling, marketing and distribution of building products to lumber yards, building material suppliers and professional lumber dealers in Canada.
– Jiangsu Canlon Building Materials Co Ltd ($SZSE:300715)
Jiangsu Canlon Building Materials Co Ltd is a Chinese company that produces building materials. The company has a market cap of 5.15B as of 2022 and a Return on Equity of -0.94%. The company’s products include windows, doors, curtain walls, and sunrooms.
Summary
The company posted a GAAP EPS of $0.25, which missed analysts’ estimates by $0.09. Revenue of $1.74B also fell short of expectations by $30M. The miss on both fronts is a concern for investors as it raises questions about the company’s current performance.
Furthermore, there were few positive indications in the report to suggest that Beacon Roofing Supply’s performance will improve in the near future. Investors should closely monitor the company’s upcoming reports to gauge its progress in the coming months.
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