Beacon Roofing: Q4 Earnings Snapshot

HERNDON, Va. (AP) — HERNDON, Va. (AP) — Beacon Roofing Supply Inc. (BECN) on Tuesday reported fourth-quarter net income of $95.1 million.

On a per-share basis, the Herndon, Virginia-based company said it had net income of $1.47. Earnings, adjusted for non-recurring costs, came to $1.72 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.

The roofing materials distributor posted revenue of $2.3 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $2.28 billion.

For the year, the company reported a loss of $13.7 million, or 43 cents per share, swinging to a loss in the period. Revenue was reported as $9.12 billion.

Beacon Roofing shares have climbed nearly 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $89.47, an increase of 38% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on BECN at

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up