Beacon (BECN) Q2 Earnings & Sales Miss Estimates, Shares Down
BECNBeacon Roofing Supply(BECN) ZACKS·2024-08-02 21:35

Beacon Roofing Supply, Inc. (BECN) reported drab second-quarter 2024 results, with earnings and net sales missing the Zacks Consensus Estimate. While the company experienced a top-line increase, there was a decline in earnings per share (EPS) compared with the previous year’s tally. However, BECN showcased consistent net sales growth over the last 14 quarters, underscoring the robustness of its business model.Despite disruptive weather events reducing the number of roofing days in the quarter, the company o ...