Comparing the current results to its competitors, Beacon Roofing Supply Inc reported Revenue decrease in the 1 quarter 2025 year on year by -0.23 %, despite the revenue increase by the most of its competitors of 4.53 %, recorded in the same quarter.
Beacon Roofing Supply Inc , slower than the average decrease reported by the company's competitors of -41.93 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -41.93 %
Beacon Roofing Supply Inc 's Comment on Competition and Industry Peers
The company competes primarily with national, regional, and local specialty roofing distributors, other building supply distributors, and big box retailers. Within the distribution sector, competition includes a few large distributors and numerous small, privately-owned distributors. Following significant consolidation over the past decade, Beacon and two other distributors account for nearly 70% of the roofing distribution industry in North America. Key competitive factors include the availability of materials and supplies, technical product knowledge and advisory expertise, delivery and related services including digital capabilities, product pricing, and access to credit and capital.
March 18, 2025
On date, QXO, Inc. (NYSE: QXO) announced a substantial financial stride in its strategic growth initiative by securing $830 million through a private placement. This announcement marks a pivotal moment for QXO as it seeks to amplify its market presence through the acquisition of Beacon Roofing Supply, Inc. (Nasdaq: BECN). The successful execution of this private placement underscores the confidence institutional investors have in QXO’s vision and its potential trajectory within the industry. Details of the Private Placement The private placement involves purchase agreements with select institutional investors, signifying a robust vote of confidence from the financial community. The investment of $830 milli...
October 2, 2024
Herndon, Va. Beacon (Nasdaq: BECN), a leading publicly traded distributor specializing in roofing, waterproofing, and exterior products, has recently announced a series of strategic expansions aimed at bolstering its presence across the United States. The company has opened four new branch locations in Pelham, Alabama; Queen Creek, Arizona; Port St. Lucie, Florida; and Bellingham, Washington. The new Pelham location is particularly notable as it serves the Birmingham metro area, marking Beacon s second branch in this growing market. The decision to establish an additional branch in Birmingham reflects Beacon’s commitment to strengthening its operational footprint in regions witnessing increased construc...
October 1, 2024
In a strategic move to bolster its market presence and enhance service offerings, Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing, and exterior products, has officially expanded its footprint with the opening of four new branches in key markets across the United States. The newly inaugurated locations in Pelham, Alabama; Queen Creek, Arizona; Port St. Lucie, Florida; and Bellingham, Washington signify Beacon s commitment to strengthening its service capabilities and meeting the increasing demand within the construction and renovation sectors.The Pelham branch aims to serve the Birmingham metropolitan area and marks Beacon s second location in th...
September 10, 2024
In a strategic move aimed at bolstering its foothold in the construction supply chain, Beacon (Nasdaq: BECN), a leading wholesale distributor specializing in roofing, waterproofing, and related exterior products, has successfully completed the acquisition of Chicago Metal Supply and Fabrication. This deal not only underscores Beacon s ambitions outlined in its Ambition 2025 program but also enhances its capacity to serve diverse customer needs in the competitive construction market.Chicago Metal Supply, a family-run enterprise based in the Hanson Park neighborhood of Chicago, brings with it a robust reputation for custom architectural sheet metal fabrication. Founded in 2011, the company offers specialized e...
August 3, 2024
Analyzing Beacon s Recent Strategic Moves: A Path Towards Industry DominanceIn the ever-evolving landscape of construction supplies, Beacon (Nasdaq: BECN) is making waves with a series of strategic acquisitions, partnerships, and expansions aimed at reinforcing its position as a leading distributor of roofing, waterproofing, and exterior products. Let s delve into three recent announcements that highlight the company s commitment to its Ambition 2025 initiative, assess the implications of each, and explore how these developments may pave the way for future growth. 1. Acquisition of Passaic Metal and Building Supplies (PAMPCO) Beacon s recent acquisition of Passaic Metal and Building Supplies Co. (PAMPCO),...
July 21, 2024
Beacon Expands Service with New Locations in Georgia and TexasHERNDON, Va. - Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing, and exterior products, is excited to announce the opening of two new locations in Athens, Georgia, and Midlothian, Texas. With this expansion, Beacon aims to better serve the residential and commercial markets in these regions, offering a wide range of high-quality products to meet all roofing and exterior needs.The new branch in Athens, Georgia is strategically located to cater to the local market, including the prestigious University of Georgia. Beacon recognizes the growing demand for roofing and exterior products in t...
May 31, 2024
Beacon s Commitment to Corporate Social Responsibility and Shareholder ValueIn a recent announcement, Beacon (Nasdaq: BECN), a leading distributor of roofing and exterior building products, released its 2023 Corporate Social Responsibility (CSR) Report. Reflecting the company s dedication to action and transparency, this report demonstrates Beacon s commitment to important environmental and social issues, driven by its core values. The past year has witnessed significant growth for Beacon, not only in terms of its geographic footprint and service offerings, but also in its determination to build a better future for its stakeholders.With Ambition2025Beacon as its guiding principle, the company has set forth a...
May 12, 2024
Beacon Announces Additional $225 Million Share Repurchase Program in Pursuit of Ambitious Growth StrategyBeacon, a leading provider of commercial roofing and building materials, has recently announced an Accelerated Share Repurchase (ASR) agreement with Citibank N.A. to repurchase $225 million worth of its common stock. This move is part of the company s ongoing commitment to creating value for its shareholders and is reflective of its ambition to grow and expand in the market.Julian Francis, President and CEO of Beacon, emphasized the importance of this announcement in relation to the company s previously announced and authorized share repurchase program. Creating shareholder value is central to today s ann...
May 10, 2024
Beacon Announces Additional $225 Million Accelerated Share Repurchase Program to Boost Shareholder ValueHERNDON, Va. - Beacon (Nasdaq: BECN), a leading distributor of roofing and building materials, has recently made an exciting announcement regarding its accelerated share repurchase (ASR) program. The company has entered into an agreement with Citibank N.A to repurchase $225 million of Beacons common stock, emphasizing its commitment to creating shareholder value.Julian Francis, President and CEO of Beacon, highlighted the significance of this move, stating, Creating shareholder value is central to today s announcement to continue share repurchases under our previously announced and authorized program. This...
Publicly Traded Peers of Beacon Roofing Supply Inc
Core and Main Inc Share Performance
-22.06%
This Quarter
Core and Main Inc
Profile
Core and Main Inc. operates as a distributor of water, wastewater, and fire protection products in North America. They provide a broad range of essential infrastructure products and related services to various industries, including utility, construction, and maintenance. Their business model focuses on sourcing quality products, efficiently distributing them through a wide network, and providing exceptional customer service to meet the industry's infrastructure needs.
Sources:
Beacon Roofing Supply Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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