Beacon Roofing Supply, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022 at 04:00 pm EDT
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Beacon Roofing Supply, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 2,358.2 million compared to USD 1,872.1 million a year ago. Net income was USD 174.5 million compared to USD 76.5 million a year ago. Basic earnings per share from continuing operations was USD 2.17 compared to USD 0.93 a year ago. Diluted earnings per share from continuing operations was USD 2.12 compared to USD 0.91 a year ago. Basic earnings per share was USD 2.17 compared to USD 0.89 a year ago. Diluted earnings per share was USD 2.12 compared to USD 0.87 a year ago.
For the six months, sales was USD 4,045.1 million compared to USD 3,190.1 million a year ago. Net income was USD 230.3 million compared to USD 70.2 million a year ago. Basic earnings per share from continuing operations was USD 2.77 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 2.72 compared to USD 0.71 a year ago. Basic earnings per share was USD 2.77 compared to USD 0.73 a year ago. Diluted earnings per share was USD 2.72 compared to USD 0.72 a year ago.
Beacon Roofing Supply, Inc. is a distributor of roofing materials and complementary building products, such as siding and waterproofing in North America. The Companyâs product lines are designed to meet the requirements of its residential, non-residential, and complementary building products customers. It maintains a fleet of 1,667 straight trucks, 742 tractors and 985 trailers. Its various delivery vehicles are equipped with specialized equipment, including 2,380 truck-mounted forklifts, cranes, hydraulic booms, and conveyors. Its private label brand includes TRI-BUILT. In the residential market, its main product is asphalt shingles. In the non-residential market, single-ply membranes, insulation, and accessories are its main product offerings. The Company serves professional contractors, home builders, building owners, lumberyards, and retailers the United States and Canada who depend on reliable local access to building products for residential across and non-residential projects.
BEACON ROOFING SUPPLY, INC. 
