It was 1958, and Dale Lovell was heading to a job in Schuyler when he was pulled over by a state patrolman.

Lovell was driving a 1949 International flatbed pickup truck which, according to his son, Mike, everything that (could be) wrong with it was wrong with it.

No headlights, no taillights, (a) broken window, everything, Mike said. The state patrolman happened to know him by name and said, Dale, where are you going with this contraption? He said, Im going over to Schuyler, Ive got a job mopping up a roof. As soon as I get that done, Ill be able to get this fixed.

After his run-in with the patrolman, Dale began the job of mopping up a banks roof with hot tar. As he was doing his work on the roof, someone from a car dealership came up to him asking for an estimate for his roof.

He got done with the bank and went to the car dealership, Mike said. When he got done with that, the post office got a hold of him. So he went over and mopped the post office (roof). By the time he got done in Schuyler, he had done five jobs and he made pretty good money over there doing that.

Those five jobs proved to be the starting point for a long and fruitful career. Dale and his wife, Roberta, started Dales Roofing in Columbus in 1960, and from there, he earned a reputation across the town as a hard-working, committed roofer.

Over 59 years, his family estimates that he had worked on hundreds of roofs all over Platte County, and the business itself was a family affair. From his wife to his son, Mike, who became his business partner in 2006, the family had its hands all over the business and worked hard to make it one of the more prominent roofing companies in Columbus.

Next year will be the 60th year of Dales Roofing; however, its founder wont be there to see it. On Oct. 19, with his son in the room by his side, Dale died at the age of 88. Mike knew that health problems were affecting him, as there was a litany of issues he'd been dealing with prior to his passing.

He had congestive heart failure, kidney failure, he had Type-2 diabetes and he had macular degeneration, Mike said. At 88 years old, it led up to it. His health wasnt the best.

The news of his death touched the family that had spent so much time with him. His grandson, Jon, who works as a surveyor for a consulting group in Omaha, said that his commitment to his customers set him apart from others in the field.

He was loyal, he was generous, faith-driven, honest and hard-working, Jon said. He raised 10 kids, thats an accomplishment on its own. They never went hungry.

In addition to the 10 children, he had 28 grandchildren and 58 great-grandchildren. They all have plenty of memories of the late man in action, including one instance when Jon was in high school.

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When you look at a roof, you dont know whats underneath it. When you tear into something and you find bad wood or something, we would take the time to explain it to customers. Now, with a phone on your camera, you can take pictures and say, Heres what we have, because an older person cant get up on the roof. I would take pictures and show them, This is whats bad (and) this is what we have to do.

Link:
Lovell's roofing legacy to remain strong - Columbus Telegram

MERIDIAN, Idaho Many people spend Black Friday rushing to the mall or big box stores hunting for deals.

But employees at Signature Roofingdecided to spend the day doing something else: giving back to their community.

The roofing company is filling up gas tanks - for free - for single parents at Paul's Service Center at the corner of Main Street and Franklin Road in Meridian. Employees hoisted "Free Gas" signs and waved drivers into the station, where they were greeted with candy canes, Christmas music, and free coffee and hot chocolate along with the fill-up.

PREVIOUS: Signature Roofing gives out free gas to single parents in Meridian

Most of the people who turned in had some variation of the same question:Is this real? What's the catch?

No catch, says Koki Gonzalez, Signature Roofing's sales and marketing manager.

"We just want to let others know that we're out here and we care, we care about our community," he said.

Joel Cano, owner of the roofing company, agreed.

"We always say 'people first,' and that's what we're about," he said.

For Cano, the gas giveaway is a way to pay forward the kindness others had shown him growing up in a family of migrant workers, where money was often tight.

"If we didn't have enough money to play sports, I could name a dozen families that would help us play, and got us shoes," he said. "I'm entrenched in the community, I love it."

RELATED: Idaho Life: What are you thankful for?

This marks the second year Signature Roofing has filled up people's tanks for free. Last year, Gonzalez said, the company paid for about 1,500 gallons of gas total.

"Single parents that are needing just a little hand up on a day where everybody is spending some money, we'd like to give something back to them," he said.

They might break that record this year.

"If the good music keeps coming on, we might be here all night, we'll see how it goes," Cano said with a laugh. "We might go broke today, but we'll have a lot of fun doing it."

Read more:
Signature Roofing continues tradition of gas giveaway for single parents - KTVB.com

REPORTING FOR 2019-12-04 | WCX19.ORG: We have done an in-depth analysis of how BECN has been trading over the last 2 weeks and the past day especially. On its latest session, Beacon Roofing Supply, Inc. (NASDAQ:BECN) opened at 28.89, reaching a high of 28.98 and a low of 28.22 before closing at a price of 28.69. There was a total volume of 488527.

VOLUME INDICATORS FOR BEACON ROOFING SUPPLY, INC. (NASDAQ:BECN): We saw an accumulation-distribution index of 943.21145, an on-balance volume of 28.93, chaikin money flow of 15.88889 and a force index of 1.3248. There was an ease of movement rating of -0.00342, a volume-price trend of -3.5412 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR BEACON ROOFING SUPPLY, INC. (NASDAQ:BECN): We noted an average true range of 0.71112, bolinger bands of 28.9474, an upper bollinger band of 27.8726, lower bollinger band of 28.22, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 28.69667, high band keltner channel of 28.60667, low band keltner channel of 28.78667, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 28.22, a donchian channel low band of 28.22, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR BEACON ROOFING SUPPLY, INC. (NASDAQ:BECN): We calculated a Moving Average Convergence Divergence (MACD) of 0.00853, a MACD signal of 0.00474, a MACD difference of 0.00379, a fast Exponential Moving Average (EMA) indicator of 28.22, a slow Exponential Moving Average (EMA) indicator of 28.22, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.26029, a trix of -10.22423, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of 4.08065, a KST Oscillator (KST) of -126.33345 and a KST Oscillator (KST Signal) of -126.33345 (leaving a KST difference of 2.94112). We also found an Ichimoku rating of 28.935, an Ichimoku B rating of 28.935, a Ichimoku visual trend A of 32.58865, an Ichimoku visual trend B of 32.25505, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR BEACON ROOFING SUPPLY, INC. (NASDAQ:BECN): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 50.75395, a True Strength Index (TSI) of -100.0, an ultimate oscillator of -22.88706, a stochastic oscillator of 844.44444, a stochastic oscillator signal of 844.44444, a Williams %R rating of 744.44444 and an awesome oscillator of 0.37017.

RETURNS FOR BEACON ROOFING SUPPLY, INC. (NASDAQ:BECN): There was a daily return of -12.63335, a daily log return of 1.33758 and a cumulative return of 1.34656.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and thats OK (though we do advise learning these things). The bottom line is that AS OF 2019-12-04 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Beacon Roofing Supply, Inc. (NASDAQ:BECN)

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Beacon Roofing Supply, Inc. (NASDAQ:BECN) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Mailing address: Stresemannstr. 82, Wallerfangen Saarland, 66798Phone contact: 06831 88 85 65Email address: [emailprotected]

Originally posted here:
Beacon Roofing Supply, Inc. (NASDAQ:BECN) Is Moving Here's Why (2019-12-04) - WCX19

(MENAFN - GetNews) Recon Roofing, family-owned and -operated, has over thirty-five years of experience providing excellent Jupiter roof repair services. They take pride in being able to assist with all Jupiter roofing needs.

JUPITER, FL - Dec 4, 2019 - Licensed and insured, Recon Roofing has provided honest services for over thirty-five years. Delivering their special brand of Jupiter roof repair services to all of Palm Beach County, they have maintained an outstanding rating online. This puts them far ahead of the competition.

They continue to deliver with services that can maintain the life of your roof from beginning to end. This means they can install a brand-new roof, assist with maintaining it, and then replacing it when the lifetime is complete.

It typically takes 25 years for a roof to lose its protective qualities and it's time for a new one. With proper maintenance,Jupiter roofing clientscan sometimes squeeze a few extra years out of it. Not to mention, with the professional services Recon provides, clients have the option to improve the internal life of their building.

For both commercial and residential properties,Recon Roofinghas innovative processes and materials that can increase the reflectivity and waterproofing of the roof. Waterproofing, of course, can extend the lifetime of the roof by avoiding unnecessary retaining of water leading to water damage. Reflectivity is what bounces the heat from the sun off the roof rather than absorbing it and sending it straight into the building. With certain coatings, clients can knock up to 50 degrees off the surface temperature of their roofs. This means that less heat is allowed inside, thus lowering energy costs. This is a great opportunity for both residential and commercial property owners.

Another thing to consider when keeping up with a roof is normal wear and tear. Again, people usually get 25 working years out of a roof. This is due to the elements outside that can cause damage to things like the shingles and the drain pipes that safely guide water and debris away to a location for dumping. Recon Roofing offers a service they call a 'tune-up in which they come to inspect all of this and more. They fix any loose nails and shingles, replace any missing parts, tighten up things around the drains, and even unclog the gutters. This no longer has to be a dreaded chore around the house.

About the Company

Locally operated out of Jupiter, FL, Recon Roofing's owners have over thirty-five years of experience withJupiter roof repair . They are passionate about helping people in southern Florida keep a strong and healthy roof over their heads. This is how the keep providing five-star service for every client they encounter.

Media Contact Company Name: Recon Roofing, Inc. Contact Person: Thomas Lewis Jr. Email: Send Email Phone: (561) 324-9877 Address: 407 Commerce WaySuite 5A City: Jupiter State: FL Country: United States Website: palmbeachcountyroofingcompany.com/

MENAFN0412201900703268ID1099371884

More:
Recon Roofing Celebrates Over 35 Years Of Jupiter Roof Repair Services - MENAFN.COM

Posted: Dec 4, 2019 / 01:37 PM HST / Updated: Dec 4, 2019 / 01:37 PM HST

Revolusun has been busy around town with roofing, solar, and more.Theyre so busy that theyre looking for a few good people to join the team.

Thats true, we have our own army of Renewable Energy warriors. Our team is made up with over 100 professional men and womenand you are correct, we are looking for more passionate, driven people to join our team.

Eric Carlson is the co-founder and Chief Innovation Officer of Revolusun and he went on to say that they have many different positions open.

Yes, we are fortunate to have a lot of work in our pipeline. Obviously solar, but also our air conditioning division is growing rapidly. So, we are looking for skilled electricians and HVAC technicians, as well as carpenters, roofers, project managers,and even people that may not have a solar background, but are interested in joining the RevoluSun.

We call it Powering Up your career, because we believethat as we grow as a company, its our responsibility to help our people grow intheir own personal lives.

Whether that be through mentor-ship or providing outside education for our team members, we have a clear long term vision and it spans more than just solar, so there really is unlimited potential for our team.

For more information or to join the team, visit http://revolusun.com

Follow this link:
Energy Innovation: Revolusun is Hiring - KHON2

Beacon Roofing Supply, Inc. [BECN] saw a change by -2.43% with the trading session, closing the trade at the price of $28.93. The company is holding 69.72M shares with keeping 54.40M floating shares. With the latest trading session, the stock is set at 9.17% off compared to its 52-week low, sliding -27.67% from high for the same period of time.

Since its 90-day high, the share price saw a move by -18.28%, trading +1.15% in oppose to its 90-day low While during the day, 69.72M shares valued at 1.2 million were bought and sold.

Its stock price has been found in the range of 26.50 to 40.00. This is compared to its latest closing price of $29.65.

Stay on the lookout for the next quarterly financial report the company is expected to release the following results on Thu 6 Feb (In 66 Days).

Now lets turn to look at profitability: with a current Operating Margin for Beacon Roofing Supply, Inc. [BECN] sitting at +2.49 and its Gross Margin at +20.53, this companys Net Margin is now -0.50%. These metrics indicate that this company is not generating as much profit, after accounting for expenses, compared to its market peers.

This companys Return on Total Capital is 3.62, and its Return on Invested Capital has reached 3.30%. Its Return on Equity is -0.47, and its Return on Assets is -0.16. These metrics suggest that this Beacon Roofing Supply, Inc. does a poor job of managing its assets, and likely wont be able to provide successful business outcomes for its investors in the near term.

Turning to investigate this organizations capital structure, Beacon Roofing Supply, Inc. [BECN] has generated a Total Debt to Total Equity ratio of

What about valuation? This companys Enterprise Value to EBITDA is 10.02 and its Total Debt to EBITDA Value is 5.72. The Enterprise Value to Sales for this firm is now 0.64, and its Total Debt to Enterprise Value stands at 0.50. Beacon Roofing Supply, Inc. [BECN] has a Price to Book Ratio of 1.23, a Price to Cash Flow Ratio of 10.79.

Shifting the focus to workforce efficiency, Beacon Roofing Supply, Inc. [BECN] earns $872,120 for each employee under its payroll. Similarly, this companys Receivables Turnover is 5.77 and its Total Asset Turnover is 1.09. This publicly-traded organizations liquidity data is also interesting: its Quick Ratio is 1.04 and its Current Ratio is 1.75. This company, considering these metrics, has a healthy ratio between its short-term liquid assets and its short-term liabilities, making it a less risky investment.

Beacon Roofing Supply, Inc. [BECN] has 69.72M shares outstanding, amounting to a total market cap of $2.02B. Its stock price has been found in the range of 26.50 to 40.00. At its current price, it has moved down by -27.67% from its 52-week high, and it has moved up 9.17% from its 52-week low.

This stocks Beta value is currently 1.37, which indicates that it is 4.99% more volatile that the wider market. This stocks Relative Strength Index (RSI) is at 25.86. This stock, according to these metrics, is currently Oversold.

Beacon Roofing Supply, Inc. [BECN] stock is presenting a less attractive investment opportunity when compared to similarly-sized corporations in the same industry. The price performance of these shares has not shown much promise, and the financial results that this company has recently delivered present a highly risky investment.

Originally posted here:
Beacon Roofing Supply, Inc. [BECN] The key to winning is to focus on the bigger picture - The Dwinnex

HERNDON, Va.--(BUSINESS WIRE)--

Fourth quarter highlighted by strong residential roofing growth and robust operating cash performance

Executive Vice President and Chief Financial Officer Joseph Nowicki to depart later this fiscal year

Beacon Roofing Supply, Inc. (BECN) (Beacon or the Company) announced results today for its fourth quarter and fiscal year ended September 30, 2019 (2019). The Company also announced that Executive Vice President and Chief Financial Officer Joseph Nowicki will leave the Company later this fiscal year to shift focus to his family, charitable work and Board service. Mr. Nowicki will remain CFO during the Companys nationwide search for his successor and will support the transition of his duties until his departure.

Julian Francis, Beacons new President and Chief Executive Officer, stated: In joining Beacon, I recognize the great opportunity offered by this industry and the Companys demonstrated long-term growth, EBITDA margins and operating cash flow. We are now pivoting from a growth run via acquisitions to a focus on organic growth, gross margin expansion and operating expense rigor. Several positive elements are evident in our fourth quarter performance, including 11.5% organic daily sales growth in residential roofing, continued strong operating cash flow, and positive SG&A expense leverage. I see tremendous opportunities to substantially improve upon Beacons financial performance. Operationally, I am turning immediate focus to growing our customer base, differentiating e-commerce capabilities through our digital platform, and enhancing the productivity of our branch network. We are just getting started, and I am proud to lead Beacon forward into this exciting next stage of growth.

Fourth Quarter

Net sales increased 4.9% to $2.03 billion in 2019, from $1.94 billion in 2018. Consolidated residential roofing product sales increased 12.7%, consolidated non-residential roofing product sales increased 2.4%, and consolidated complementary product sales decreased 3.2% compared to the prior year. Existing markets net sales increased 4.8% compared to the prior year, driven mainly by 13.2% growth in residential roofing. The fourth quarter of fiscal years 2019 and 2018 had 64 and 63 business days, respectively.

Net income was $27.4 million, compared to $48.3 million in 2018. Net income attributable to common shareholders was $21.4 million, compared to $42.3 million in 2018. Diluted net income (loss) per share (EPS) was $0.27, compared to $0.54 in 2018. Fourth quarter results were negatively impacted by lower gross margins and higher acquisition-related costs compared to 2018. Fourth quarter results were positively impacted by existing market sales growth in residential roofing.

Adjusted Net Income (Loss) was $82.0 million, compared to $84.1 million in 2018. Adjusted EPS was $1.04, compared to $1.07 in 2018. Adjusted EBITDA was $169.1 million, compared to $178.3 million in 2018. (Please see the included financial tables for a reconciliation of Adjusted financial measures to the most directly comparable GAAP financial measures, as well as further detail on the components driving the net changes over the comparative periods.)

Fiscal Year

Net sales increased 10.7% to $7.11 billion, from $6.42 billion in 2018. Consolidated residential roofing product sales increased 10.0%, consolidated non-residential roofing product sales increased 4.2%, and consolidated complementary product sales increased 17.0% compared to the prior year. Existing markets net sales increased 3.3% compared to the prior year, driven mainly by 7.0% growth in residential roofing and improved pricing. Fiscal years 2019 and 2018 had 253 and 252 business days, respectively.

Net income (loss) was $(10.6) million, compared to $98.6 million in 2018. Net income (loss) attributable to common shareholders was $(34.6) million, compared to $80.6 million in 2018. EPS was $(0.51), compared to $1.05 in 2018. Fiscal year 2019 results were negatively impacted by higher acquisition-related costs compared to 2018 as well as increase in interest expense directly tied to the financing of the Allied acquisition. In addition, 2018 results include a $48.8 million net tax benefit resulting from the enactment of the Tax Cuts and Jobs Act of 2017. Fiscal year 2019 results were positively impacted by existing market sales growth in residential roofing.

Story continues

Adjusted Net Income (Loss) was $176.2 million, compared to $206.7 million in 2018. Adjusted EPS was $2.26, compared to $2.70 in 2018. Adjusted EBITDA was $476.0 million, compared to $483.6 million in 2018. (Please see the included financial tables for a reconciliation of Adjusted financial measures to the most directly comparable GAAP financial measures as well as further detail on the components driving the net changes over the comparative periods).

The Company will host a webcast and conference call today at 5:00 p.m. ET to discuss these results. The webcast link and call-in details are as follows:

To assure timely access, conference call participants should dial in prior to the 5:00 p.m. ET start time.

Forward-Looking Statements

This release contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, those set forth in the "Risk Factors" section of the Company's latest Form 10-K. In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point, the Company specifically disclaims any obligation to do so, other than as required by federal securities laws. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release.

About Beacon Roofing Supply

Founded in 1928, Beacon Roofing Supply is the largest publicly traded distributor of residential and commercial roofing materials and complementary building products in North America, operating over 500 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of over 100,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon also offers its own private label brand, TRI-BUILT, and has a proprietary digital account management suite, Beacon Pro+, which allows customers to manage their businesses online. A Fortune 500 company, Beacons stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon and its brands, please visit http://www.becn.com.

BEACON ROOFING SUPPLY, INC.

Consolidated Statements of Operations

(In thousands, except share and per share amounts)

Three Months Ended September 30,

Year Ended September 30,

2019

% of

Net

Sales

2018

% of

Net

Sales

2019

% of

Net

Sales

2018

% of

Net

Sales

Net sales

$

2,029,913

100.0

%

$

1,935,756

100.0

%

$

7,105,160

100.0

%

$

6,418,311

100.0

%

Cost of products sold

1,536,451

75.7

%

1,444,459

More:
Beacon Roofing Supply Reports Fourth Quarter and Fiscal Year 2019 Results - Yahoo Finance

Photo by Deb GauMembers of the Marshall School Board voted Monday to include the roof over the pool area at Marshall Middle School to an ongoing roofing project at the middle school and Park Side Elementary.

MARSHALL A roofing project at Marshall Middle School will be bigger than originally planned. Members of the Marshall School Board voted Monday night to add the middle school swimming pool area to roof replacement being done at the middle school and Park Side Elementary.

The move will help make the most of bid pricing the school district received for the project, and do needed roof maintenance ahead of schedule, district staff said.

In February, the school board approved a combined bid of $1.549 million to do partial re-roofing at the middle school and Park Side. The roof work was scheduled to be completed over the summer of 2019 and 2020.

The portion of the middle school roof that would be replaced didnt originally include the roof over the pool area. It was scheduled for replacement a couple years out, said Dion Caron, business services manager at MPS. However, adding it to the project would make good use of both bid pricing and resources since the roof contractors would already be at the middle school, he said.

We talked to the company doing the middle school and Park Side already, Caron said.

The total additional cost to replace the pool roof section is $169,470, Caron said. Of that amount, $57,998 could come from the interests and proceeds from a long-term facilities maintenance bond. The school district could adjust its long-term facilities maintenance budget to fund the remaining $111,472 for the project.

The pool area at the middle school is not currently being used by the school district. However, regular maintenance like the roof repairs is still necessary to keep the building in good shape. Caron said the school district eventually hopes to do something with that part of the school building.

Were not sure how far down the road, Caron said. However, he said its not in the districts plan to tear the structure down. Its a good space.

One part of the failed 2017 Marshall school referendum was a proposal to convert the unused pool area into multipurpose space.

At Mondays meeting, school board members voted unanimously to add the pool roof section to the current roofing project, and to adjust the long-term facilities maintenance budget to use an additional $111,472 for the project.

The roofing project would be completed in the summer of 2020.

MARSHALL Thanksgiving is a time to get together and share a meal, and several area towns are doing just that ...

See the article here:
Pool area added to MMS roofing project | News, Sports, Jobs - Marshall Independent

CALDWELL, Idaho After the Nampa School District levy failed to pass in the last election, Ridge Runners Remodeling offered to re-roof multiple schools in the Nampa School District, all for free. The school district ended up turning him down though, due to what they say were limits on liability insurance. So, hes helping out elsewhere.

Eric Libby, the owner of Ridge Runners Remodeling got in contact with the executive director for Habitat for Humanity, and now hes re-roofing a Caldwell womans home.

I had been looking up at the roof and seeing these ruffled shingles and I thought, wow, I dont know if its gonna make it through another winter, said Dale King, Caldwell resident.

That was a valid concern that was only heightened when Eric with Ridge Runners Remodeling showed up and told her that if the roof does not get replaced, it might cave in once snow falls.

Lucky for Dale, Eric was on the hunt for opportunities to help out the community.

Why not, if you have it. I like to take 10 percent of what I make anyways and give back, said Libby.

Hes already repaired five roofs just since the Nampa School District turned down his offer to do theirs a few weeks ago.

Time to give thanks and thank the community for everything that they provide me, cause without the community I have no work, said Libby.

And with the help of a local roofing supply company, Eric is going to repair Dales entire roof free to her, but not to him.

I pay my guys to do the work. They shouldnt have to do anything for free, said Libby.

He says his payment comes in the form of smiles on the faces of the people he helps.

Eric plans to have Dales roof finished by Thanksgiving, and hes looking to help out other people in need through Habitat for Humanity as well.

Link:
Local roofer is redoing roofs for people in need - 6 On Your Side

Beacon Roofing Supply, Inc. (BECN - Free Report) is slated to report fiscal fourth-quarter 2019 results on Nov 25, after market close.

In the last reported quarter, the company came up with lower-than-expected earnings and revenues, which missed the Zacks Consensus Estimate by 25.8% and 3.4%, respectively. On a year-over-year basis, its top and bottom lines declined 0.5% and 22%, respectively. Higher-than-normal seasonal pressure impacted the results. Moreover, extreme weather conditions inflated variable expenses, which ultimately exerted pressure on its margins.

Beacon Roofing which shares space in the Zacks Building Products - Retail industry with Fastenal Company (FAST - Free Report) , Builders FirstSource, Inc. (BLDR - Free Report) and GMS Inc. (GMS - Free Report) missed the consensus mark in four of the trailing six quarters.

Earnings & Revenue Expectation

Lets take a look at the estimate revision trend in order to get a clear picture of what analysts are thinking about the company prior to the earnings release.

The Zacks Consensus Estimate for Beacon Roofings fiscal fourth-quarter revenues is pegged at $2.06 billion, indicating an increase of 6.4% from the year-ago reported figure. The consensus estimate for earnings is pegged at $1.22 per share, implying growth of 14% on a year-over-year basis.

Beacon Roofing Supply, Inc. Price and EPS Surprise

Factors to Note

Beacon Roofing a distributor of residential and commercial roofing materials, and complementary building products has been banking on strategic acquisitions, favorable demand trend in commercial roofing and a positive housing industry. Also, aggressive cost-control measures and favorable price/cost relationship are adding to the bliss.

Moreover, its integration of Allied Building Products, productivity enhancement techniques and digital platform is expected to have benefited the company in the to-be-reported. However, rising material costs have been denting its performance over the last few quarters.

As a distributor of residential roofing supplies, Beacon Roofing is sensitive to asphalt and shingle prices, which are highly volatile. Shingle prices have been volatile in recent years, partly due to volatility in asphalt prices. Although asphalt prices, which moved higher from February to April, remained stable in the July-September period, volatility of the commodity might have been a concern for the company.

Also, its commercial roofing market has been experiencing highly competitive pricing pressures. The maintenance, repair & operations supply market is highly fragmented, with many smaller local players competing directly on pricing issues.

Key Projections

The companys Residential roofing products which comprise 44.1% of Beacon Roofings existing market net sales are expected to have contributed substantially to overall growth, given strong housing fundamentals. The Zacks Consensus Estimate for revenues of $886 million indicates 9.5% growth from $809.5 million in the year-ago period. Meanwhile, existing market net sales are expected to grow 7.5% year over year. The metric registered a 9.4% decline in the year-ago period.

The Non-residential roofing products net sales are expected to be $512 million, suggesting 3.8% growth from $493.4 million reported in the comparable 2018 period. Its existing market net sales are expected to increase 4.7% year over year. The metric declined 3.6% in the prior year.

Complementary building products existing market net sales are expected to grow 1.9% year over year, implying a decline from 2.8% growth reported in fiscal fourth-quarter 2018. Its net sales are expected to be $665 million, pointing to a 5.1% improvement from $632.8 million reported in the comparable 2018 period.

Zacks Rank

Beacon Roofing currently carries a Zacks Rank #4 (Sell).

You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here.

Just Released: Zacks 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.5% per year.

These 7 were selected because of their superior potential for immediate breakout.

See these time-sensitive tickers now >>

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Beacon Roofing's Q4 Earnings to Benefit From Cost Synergies - Zacks.com