Beacon Roofing Supply Acquires Coastal Construction Products

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BECN Stock Intrinsic Value – Beacon Roofing Supply ($NASDAQ:BECN), Inc. announced today that it has acquired Coastal Construction Products, a Jacksonville-based company that specializes in the distribution of roofing and exterior building products. The acquisition expands Beacon’s footprint in the Southeast and further diversifies its product offering. The company has a strong presence in Florida, Georgia and South Carolina, and also has a significant customer base in Alabama, Mississippi, North Carolina and Tennessee. Beacon is a leading distributor of roofing and exterior building products in North America.

The company has a diversified product portfolio that includes roofing shingles, roofing nails, roofing felt, roofing insulation, roofing ventilation products, gutters and downspouts. Beacon also manufactures a variety of asphalt-based products, including roll roofing, underlayment and sealants. The acquisition of Coastal Construction Products will allow Beacon to better serve its customers in the Southeast and provide them with a wider range of high-quality products. Beacon is committed to providing its customers with the best possible experience and this acquisition is another step in that direction.

Market Price

Beacon Roofing Supply, Inc. announced today that it has acquired Coastal Construction Products, Inc. , a distributor of roofing, siding, windows and other exterior building products, with operations in Florida, Georgia, South Carolina and Alabama. Beacon is a leading distributor of residential and commercial roofing products, with operations in the United States, Canada and the United Kingdom. Coastal is a leading distributor of exterior building products in the southeastern United States.

The addition of Coastal expands Beacon’s geographic footprint and product offerings in the attractive Southeast market. The transaction was financed with cash on hand and is not expected to have a material impact on Beacon’s leverage ratio.

VI Analysis – BECN Stock Intrinsic Value

Beacon Roofing Supply is a leading distributor of roofing materials and supplies in the United States. The company’s fundamentals reflect its long term potential, making it a good investment for the long term investor. The company’s fair value is around $48.9, which means that the stock is currently overvalued by 13%.

VI 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

If you’re looking for a solid roofing company to invest in, Beacon Roofing Supply is a great option. The company has a strong reputation and is a trusted name in the roofing industry. The company is also growing, with revenue and earnings per share both up double digits in the most recent quarter. Investors in Beacon Roofing Supply can expect solid returns, as the company is well-positioned to continue growing.