Beacon Roofing Supply, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2021
May 06, 2021 at 03:00 pm EDT
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Beacon Roofing Supply, Inc. provided earnings guidance for the third quarter and full year of 2021. For fiscal third quarter ending in June, expect total sales growth of mid- to high teens, reflecting continued confidence in the underlying demand in residential markets and an improving outlook for commercial.
For the full year, now expect growth in the low double-digit range, assuming no additional supply chain disruptions. While uncertainties continue to exist, this outlook reflects expectations for a combination of strong sales growth, gross margin gains and favorable operating leverage.
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. 
