Beacon Roofing Supply: Drivers Of Roofing Demand Are Non-Discretionary
Beacon Roofing Supply(BECN) Seeking Alpha·2024-02-14 15:06
Mark Hochleitner/iStock via Getty ImagesSynopsis Beacon Roofing Supply (NASDAQ:BECN) is a company that sells roofing and building products. BECN’s past three years’ financials have shown strong revenue growth. On top of that, its margins have been gradually expanding as well. In its preliminary FY2023 results, BECN said revenue is expected to continue growing and reach ~$9.1 billion. In terms of margins, it is expected to remain robust year-over-year. Looking ahead, demand for roofing is expected to rem ...