BEACON ROOFING SUPPLY Reports 6.2% Increase in Revenue for Q2 FY2023 with USD 2503.7 Million
August 12, 2023
☀️Earnings Overview
On June 30, 2023, BEACON ROOFING SUPPLY ($NASDAQ:BECN) reported their Q2 FY2023 earnings results with total revenue of USD 2503.7 million, a 6.2% increase year-over-year. However, net income decreased by 11.9% to USD 153.8 million.
Analysis
GoodWhale recently conducted an analysis of BEACON ROOFING SUPPLY’s wellbeing and published the results. According to the Risk Rating, BEACON ROOFING SUPPLY is a medium risk investment when it comes to financial and business aspects. This means that it’s important to do due diligence before investing in this company. However, GoodWhale’s analysis revealed two risk warnings in the non financial balance sheet. These warnings point to potential issues with the company, so it is advised that investors use caution before investing. If you would like to know more about these risks, please register with GoodWhale for more detailed information. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BECN. More…
| Total Revenues | Net Income | Net Margin |
| 8.62k | 332.8 | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BECN. More…
| Operations | Investing | Financing |
| 946.8 | -423.1 | -512.1 |
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 |
| 6.5k | 4.08k | 38.2 |
Key Ratios Snapshot
Some of the financial key ratios for BECN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.7% | 495.1% | 7.6% |
| FCF Margin | ROE | ROA |
| 9.7% | 17.3% | 6.3% |
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
BEACON ROOFING SUPPLY reported their second quarter earnings for FY2023 with total revenue increasing 6.2% to USD 2503.7 million and net income decreasing 11.9% to USD 153.8 million. Investors should analyze BEACON ROOFING SUPPLY’s revenue and costs, balance sheet, liquidity and profitability ratios in order to assess the company’s performance. Additionally, they should compare BEACON ROOFING SUPPLY’s results to its competitors in the industry and examine the impact of economic factors on its business. Finally, investors should consider the company’s dividend policy, stock price and future plans to determine if it is a good investment option.
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