Beacon Q3 Earnings & Sales Miss, '24 Adjusted EBITDA View Down
Beacon Roofing Supply(BECN) ZACKS·2024-11-02 00:45
Beacon Roofing Supply, Inc. (BECN) reported lower-than-expected third-quarter 2024 results, with earnings and net sales missing the Zacks Consensus Estimate. The top line grew, while the bottom line declined year over year.See the Zacks Earnings Calendar to stay ahead of market-making news.The year-over-year growth in the top line was backed by continued benefits realized from greenfield locations and acquired branches, along with strong demand trends for non-discretionary repair and reroofing. During the q ...