Thursday, February 2, 2023
HomeReaders ChoiceA Beacon Roofing Supply Company

A Beacon Roofing Supply Company

The Total Cost Of Building Materials

Building on Beacon’s Roofing Supply stock
)

In history, there are trends in building materials from being natural to becoming more man-made and biodegradable to imperishable indigenous to being transported globally repairable to disposable chosen for increased levels of fire-safety, and improved resistance. These trends tend to increase the initial and long term economic, ecological, energy, and social costs of building materials.

Beacon Roofing Supply Culture At A Glance

43 employees at Beacon Roofing Supply have reviewed Beacon Roofing Supply across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was 15 days ago.

Overall, the 43 Beacon Roofing Supply employees give their leadership a grade of A+, or Top 5% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.

Employees at Beacon Roofing Supply are pleased with their total compensation at Beacon Roofing Supply, which includes a combination of pay, stock and equity, and benefits.

Overall, employees at Beacon Roofing Supply are extremely happy with their team. 43 Participants grade the quality of their coworkers an A+. The majority believe the meetings at Beacon Roofing Supply are effective, and the majority look forward to interacting with their coworkers.

The majority of employees at Beacon Roofing Supply believe the environment at Beacon Roofing Supply is positive. Most Participants believe the pace of work at Beacon Roofing Supply is extremely fast. About 44% of the employees at Beacon Roofing Supply work 8 hours or less.

Overall, the employees at Beacon Roofing Supply are happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.

Beacon Announces Acquisition Of First Coastal Exteriors

HERNDON, Va., January 04, 2023–Beacon announced today that it has completed the acquisition of First Coastal Exteriors, LLC with locations in Mobile, Alabama and Pearl, Mississippi. First Coastal distributes complementary residential and commercial building products including siding, gutter products, and windows.

  • Zacks

    Beacon Roofing Supply’s latest buyout substantiates its commitment to make Ambition 2025 investments to drive growth and attain operational excellence.

  • Business Wire

    HERNDON, Va., January 03, 2023–Beacon announced today that it has completed the acquisition of Whitney Building Products, LLC , a distributor of commercial and multifamily waterproofing and restoration products located in Boston, Massachusetts.

  • Simply Wall St.

    While Beacon Roofing Supply, Inc. might not be the most widely known stock at the moment, it received a…

  • You May Like: How Much To Coat A Flat Roof

    Herndon’s Beacon Kicks Off 2023 With Acquisitions Of Whitney Building Products First Coastal Exteriors

    Beacon , the massive Herndon roofing and building supplies company that’s listed on the Fortune 500, is opening 2023 with some M& A. The company announced two acquisitions this week: On Tuesday, it announced the acquisition of Bostons Whitney Building Products LLC, a distributor of commercial and multifamily waterproofing products, and on Wednesday it said it had purchased First Coastal Exteriors LLC, a residential and commercial building products distributor with locations in Mobile, Alabama, and Pearl, Mississippi. Terms of the deals were not disclosed.

  • Zacks

    Beacon Roofing has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Zacks

    Beacon Roofing Supply expands its foothold in the Southeast with the First Coastal Exteriors buyout.

  • Formation Of Beacon Roofing In 1997 Leading To Acquisition Spree

    Milan, Italy

    In 1997, after turning Beacon Sales into a genuine regional player in the roofing industry, Logie gained the support of new financial backers. In September, a Chicago investment banking firm named Code Hennessy & Simmons, LLC acquired a controlling interest in Beacon Sales, entrusting the firm’s investment to the proven managerial skills of Logie. Logie was named chairman, chief executive officer, and president of a newly formed company, Beacon Roofing Supply, Inc., which became the parent company of Beacon Sales and the maypole around which other regional roofing companies would revolve. The expectations of the first investment group in the early 1980s had been to make Beacon Sales a prominent player in New England‘s roofing industry. The expectations of Logie’s second investment team were far more ambitious, involving not only the expansion of Beacon Sales but also the acquisition and expansion of other roofing companies operating outside New England. Beacon Roofing, with Logie as its chief architect, set its sights on becoming a national force in a highly fragmented industry, scoring noticeable success within the first decade of pursuing its ambitious goal.

    You May Like: How To Get New Roof For Free

    Beacon Roofing Supply Inc

    Company Perspectives:

    The mission of Beacon Roofing Supply Inc. is to be a leading North Am erican supplier to commercial and residential roofing and exterior bu ilding contractors through a family of long-established regional supp liers and to add value to our contractor customers’ businesses, to ou r employees’ careers, to our investors’ assets, and to our suppliers’ products.

    How We Approach Editorial Content

    Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

    To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

    Read our editorial policy to learn more about our process.

    Don’t Miss: How To Attach Metal Roofing

    Beacon Bits & Beacon News

    Enhance your home and business with expert-written articles ranging from homeowner DIY projects to the latest roofing trends, products, and tips to BUILD MORE!

    You can also stay tuned to the latest branch happenings and price notifications with Beacon News.

    BEACON BITS is a service mark of Beacon Roofing Supply, Inc.

    Transparency Is Our Policy Learn How It Impacts Everything We Do

    Testimonial Beacon Roofing supply Vinyl, Siding and Roofing CB

    Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

    Wed like to share more about how we work and what drives our day-to-day business.

    Read Also: How To Quote A Roofing Job

    Submit A Review For Posi

    Your rating **Tips for writing a great review:

  • Be specific about your experience and the services that were provided.
  • Be truthful – this review will help other consumers as well as the business.
  • Be polite – give feedback in a constructive way.
  • Home page . About . Privacy Policy . Terms of Service . Contact Us

    At Canada 247 our purpose is to help people find great local businesses like dentists, hair stylists, restaurants, bars, hotels, local businesses.

    The content displayed in the Canada247.info Directory consists of information from third parties, among others from publicly accessible sources, or from customers, who have a presentation page in our directory. Canada247.info cannot be held responsible or liable for the accuracy, correctness, usefulness or reliability of the data. The brand names, logos, images and texts are the property of these third parties and their respective owners. If you have any questions or suggestions regarding this matter, you are welcome to contact our customer support team.

    Canada247 is not a booking agent, and does not charge any service fees to users of our site.

    Canada247 is not responsible for content on external web sites. Taxes, fees not included for deals content…

    Beacon Roofing Supply Completes Its Acquisition Of Allied Building Products

    HERNDON, Va.—-Beacon Roofing Supply, Inc. , the largest publicly traded distributor of roofing and complementary building products in the United States and Canada, announced today the successful completion of its previously announced acquisition of Allied Building Products Corp. from global diversified building products group CRH plc .

    Completion of the Allied acquisition further strengthens Beacons position as one of the largest publicly traded wholesale building materials distributors in the United States and Canada, with approximately $7 billion in revenue and 589 branches throughout all 50 states and 6 provinces in Canada. Beacon also becomes the fourth largest wallboard and acoustical ceiling tile wholesale distributor in the U.S., with more than $1 billion of revenue in the interior market category. The Allied acquisition also significantly expands Beacon’s geographic footprint in New York, New Jersey, the Upper Midwest and other major U.S. markets.

    In connection with the Allied acquisition, a fund managed by Clayton, Dubilier & Rice , invested $400 million in Beacon and Nathan Sleeper, a CD& R partner, was appointed to Beacons Board of Directors, effective immediately. Mr. Sleeper previously was a member of Beacons Board of Directors from October 2015 through May 2016 in connection with Beacons previous acquisition of Roofing Supply Group from a fund managed by CD& R.

    The Allied acquisition provides significant strategic and financial benefits:

    Also Check: How To Screen In Patio With Roof

    Veterans Honored In Beacon Of Hope Contest

    HERNDON, Va., November 15, 2022–Beacon proudly announced on Veterans Day, Friday, November 11 the winners of its annual Beacon of Hope contest, a program awarding U.S. and Canadian Veterans with new roofs. Together with local roofing companies, Beacon will deliver and facilitate roof replacements for 10 Veteran contest winners at no cost to the award recipients.

  • Simply Wall St.

    Investors who take an interest in Beacon Roofing Supply, Inc. should definitely note that insider…

  • Fired Bricks And Clay Blocks

    Milan, Italy

    are made in a similar way to mud-bricks except without the fibrous binder such as straw and are fired after they have air-dried to permanently harden them. Kiln fired clay bricks are a material. Fired bricks can be solid or have hollow cavities to aid in drying and make them lighter and easier to transport. The individual bricks are placed upon each other in courses using . Successive courses being used to build up walls, , and other architectural elements. Fired brick walls are usually substantially thinner than cob/adobe while keeping the same vertical strength. They require more energy to create but are easier to transport and store, and are lighter than stone blocks. Romans extensively used fired brick of a shape and type now called . Building with brick gained much popularity in the mid-18th century and 19th centuries. This was due to lower costs with increases in brick manufacturing and fire-safety in the ever crowding cities.

    The supplemented or replaced fired bricks in the late 20th century often being used for the inner parts of masonry walls and by themselves.

    are clay or and typically are perforated with holes.

    Also Check: Can You Use Metal Roofing On A Flat Roof

    Beacon Roofing Supply Rebrands As Beacon Building Products

    Now Beacon Building Products, the company says the change reflects its full product range and brings together 40 brands to help customers build more.

    HERNDON, VA Beacon announced Wednesday that its 40 brands across the U.S. and Canada that sell exterior products will now be named Beacon Building Products. This new name reflects Beacons ability to supply customers with both a broad range of residential and commercial building products and a unique service offering across North America .

    Beacon is constantly evolving to help our customers be more efficient and grow their businesses by providing products, services and an e-commerce platform unmatched by our competitors, said Beacons President and CEO, Julian Francis. The new branding supports our commitment to improving the total customer experience by better identifying Beacon as a full-service supplier for building products. This is a very exciting change that is an important element in our growth strategy.

    The Beacon brand means customers benefit from the industrys best e-commerce platform, a new OTC Delivery Network and a newly-designed website. Beacons customers enjoy a partnership that supports their businesses at every stage, from sales to project management to job close-out. We are proud to be raising the Beacon flag in all our markets so that customers can recognize the quality products and services offered on-site and online, commented Jamie Samide, vice president of marketing.

    History Of Beacon Roofing Supply Inc

    Beacon Roofing Supply, Inc. owns regional distributors of roofing and related building materials, maintaining a leadership position in an estimated $10 billion U.S. market. The regional affiliates owned by Beacon Roofing operate under their own identities, giving their pa rent company a presence in 16 states in the Northeast, Mid-Atlantic, Southeast, and Southwest regions of the United States and in eastern Canada. Beacon Roofing affiliates include: West End Lumber Co. The R oof Center Best Distributing Co. Quality Roofing Supply, Inc. Beac on Sales Company Coastal Metal Service JGA Corp. Commercial Supply , Inc. and Shelter Distribution, Inc. The company operates in Canada through Beacon Roofing Supply Canada Co. Beacon Roofing operates 83 branches in North America.

    Origins

    The development of the company during the 1980s and 1990s marked a pe riod of tremendous growth, but it paled in comparison to the growth a chieved at the turn of the millennium. A new era for the Beacon name began in 1997, one that, like the company’s first era of aggressive g rowth, continued to be dominated by Logie.

    Formation of Beacon Roofing in 1997 Leading to Acquisition Spree

    Initial Public Offering in 2004

    Principal Subsidiaries: Beacon Sales Acquisition, Inc. Qualit y Roofing Supply, Inc. Beacon Canada, Inc. Best Distributing Co. T he Roof Center, Inc. West End Lumber Company, Inc. Beacon Roofing S upply Canada Company.

    Recommended Reading: How To Open A Roofing Company

    Beacon Roofing Supply Inc Q3 2022 Earnings Call Transcript

    Beacon Roofing Supply, Inc. Q3 2022 Earnings Call Transcript November 5, 2022 Operator: Good afternoon, ladies and gentlemen and welcome to the Beacon Third Quarter 2022 Earnings Conference Call. My name is Megan, and I will be your coordinator for today. As a reminder, this conference call is being recorded for replay purposes. I

  • Zacks

    Beacon’s latest announcement substantiates its commitment to make Ambition 2025 investments to drive growth and attain operational excellence.

  • Zacks

    Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

  • Business Wire

    HERNDON, Va., December 21, 2022–Beacon announced today that it has opened greenfield locations in Durham, NC and La Vergne, TN.

  • Zacks

    Beacon Roofing Supply opens two new branches in Texas, expanding its service across the state to 32 branches.

  • Business Wire

    HERNDON, Va., December 16, 2022–Beacon announced today that it has opened greenfield locations in Brownsville and Georgetown, Texas, growing its service across the state to 32 branches.

  • Simply Wall St.

    Beacon Roofing Supply’s stock is up by 4.9% over the past three months. Since the market usually pay for…

  • Zacks

    Builders FirstSource reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.

  • Simply Wall St.

    If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect…

  • How We Use Your Personal Data

    Beacon Roofing Supply – Distribution Leadership Program

    How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

    • Verify your identity, personalize the content you receive, or create and administer your account.
    • Provide specific products and services to you, such as portfolio management or data aggregation.
    • Develop and improve features of our offerings.
    • Gear advertisements and other marketing efforts towards your interests.

    To learn more about how we handle and protect your data, visit our privacy center.

    You May Like: When To Put Moss Killer On Roof

    A Roof Over Your Head

    As I mentioned already, Beacon Roofing Supply operates as a distributor of roofing materials and complementary building products. As of the end of its latest completed fiscal year, the company ran its operations out of 446 branches that were spread across all 50 States and throughout six provinces in Canada. The company currently has a rather significant portfolio of products comprising over 100,000 SKUs that it uses to serve more than 80,000 customers in both the residential and non-residential markets. To keep track of it all and to optimize business activities, the company operates something called the Beacon OTC Network. This is an operating model where the branches the company has are networked for the purpose of sharing inventory, fleet, equipment, systems, and even employees, all for the purpose of optimizing the customer delivery experience. Though not ubiquitous yet, the company is moving in that direction. As of the end of the latest fiscal year, these networked branches totaled 250 in all.

    Company

    How We Make Money

    We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

    Read Also: How To Roof A Valley

    Beacon Roofing Downgraded To Outperform From Strong Buy At Raymond James

    Builders FirstSource reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues.

    RH’s fiscal Q3 results are likely to reflect soft demand and persistent supply-chain disruptions. Its focus on online platforms and cost-saving initiatives are positives.

    More than 13 tons of shingles waste is created every year. Nearly 90% of that is sent to landfills, …

    With a new $370 billion clean energy and climate deal, keep an eye on green stocks heading into New …

    Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

    D.R. Horton gains from higher pricing in fiscal fourth-quarter 2022. However, moderation in housing demand, given higher mortgage rates, is a concern.

    Builders FirstSource’s third-quarter results reflect higher sales, gross margin and adjusted EBITDA amid supply woes.

    Initial Public Offering In 2004

    Milan, Italy

    A lull in acquisitive activity followed the purchase of West End Lumber and The Roof Center. During the respite, the company turned to internal means of achieving growth, expand-ing by opening two branches in 2002 and 2003. The growth achieved was not much, but the seven acquisitions completed produced stunning growth for the five-year period between 1998 and 2003. Sales increased at a compounded annual growth rate of nearly 49 percent during the period, mushrooming from $76.7 million to $559.5 million. Beacon Roofing, after its initial surge of growth, stood as a formidable competitor in half of North America, projecting sufficient strength for Logie to consider selling the company on Wall Street. In 2004, the company began preparing for its initial public offering of stock, seeking to raise capital to continue its acquisition campaign. In September, when Beacon Roofing operated 66 branches in 12 states and three Canadian provinces, the company completed its IPO, selling 8.5 million shares at $13 per share, which raised $102 million in net proceeds.

    Recommended Reading: How To Apply Roof Shingles

    RELATED ARTICLES

    Most Popular