Extremes weather conditions like snowfall, freezing rain, and ice dams can be hard on the integrity of any roof. Residents of areas that experience extreme weather conditions like Vaughan and Hamilton are, therefore, advised to schedule regular roof repairs to maintain the structural integrity of their roofs. The last thing any property owner wants to see is a winter-damaged roof that leaks. Scheduling regular roof repairs help avoid expensive roof damage and ensure that a property is 100% prepared for future winter storms, spring rains, and other extreme weather conditions.

With regular repair schedules, experts can establish the areas of the roof that need fixing or replacement. Professional roof repair companies use a wide range of techniques to detect parts of the roof that may be in bad shape. Some roofing issues dont require immediate repairs, but knowing that a given part of the roof should be fixed can allow a property owner to prepare financially and fix it at the right moment.

King Koating Roofing has been providing industrial roofing and flat roof construction services in Vaughan and Hamilton areas for over 20 years. Thanks to their many years of experience, King Koating roofing professionals understand a thing or two about the value of doing regular roofing repairs.

Water, snow, and ice are hazardous to any roofing system, says a roofing representative from King Koating. Snowfall pressure, for instance, can cause trusses and joists to buckle, resulting in ponding if the snow is not removed immediately. A small investment in proactive roof repair is critical to maintaining the structural integrity of a roof and keeping repairs bills from skyrocketing.

Signs That a Roof Needs Repair

In extreme weather conditions, flat roofs can be quite challenging to maintain. Being vigilant for potential signs of damage is, therefore, critical. Some of the most common signs of roof damage include:

Cracks in the ceiling or sagging in spots of a roofing system

Buckling or bowing walls and beams that are no longer level

Skewed or tilted sprinkler and lighting systems

Icicles along the edge of a roof can also be a big reveal of roof issues caused by snow and water

Accumulation of snow and ice on the sidewalks or pavements of a building can also hint that a roof needs some attention.

About King Koating Roofing

King Koating Roofing is a trusted partner in industrial roofing and flat roof constructions in Vaughan and Hamilton areas. They have successfully completed several projects, involving a wide range of roofing designs and systems. One of the things that have made the company a leader in the industry is their commitment to customer service. Their staff is always on call 24/7 to provide reliable, efficient, and courteous services to their clients. Most importantly, the companys strict training regiment allows its roofing mechanics to complete all jobs professionally, safely, timely, and on budget.

Media ContactCompany Name: King Koating Contact Person: KevinEmail: Send EmailPhone: (905) 669-1771Address:41 Peelar Road, Concord City: TorontoState: OntarioCountry: CanadaWebsite: https://kingkoating.com/about-us/

Read the original:
King Koating Roofing Continue to be a Trusted Source for Residential and Industrial Roof Repair in Vaughan and Hamilton - Press Release - Digital...

Global Liquid Roofing Market: Snapshot

The global market for liquid roofing is gaining traction from several factors such as rising demand for energy-efficient buildings, rapid urbanization across the emerging nations such as India and China, and cost-effectiveness of liquid roofing. On the other hand, liquid rooking market is facing challenge from the high cost of elastomeric membranes. Nevertheless, the vendors operating in this market will gain new opportunities from favorable government policies in order to advance infrastructure and growing requirement for water management activities in Asia Pacific.

Get Sample Copy of the Report @https://www.tmrresearch.com/sample/sample?flag=B&rep_id=965

The report detects that a number of property owners now opt for reroofing systems in order to refrain from high replacement costs and negotiate the chances of roof tear-off. Liquid roofing merely costs about 30% of the cost of roof replacement, and can provide protection for more than two decades, besides offering benefits such as waterproofing and sustained energy efficiency. Liquid roofing systems also serve to the ASTM sustainability standards as well as other initiatives such as Energy Star and LEED.

This report on the global liquid roofing market has been prepared to serve as reliable business document for stockholders such as regional manufacturer associations and general liquid roofing associations, traders and distributors of liquid roofing, raw material manufacturers, and government agencies. The report includes in-depth analysis of all concerned factors that may impact the demand during the forecast period of 2017 to 2025, assesses the potential of smaller aspects as well as different geographical regions

Global Liquid Roofing Market: Overview

The worldwide liquid roofing market is envisaged to leverage the demand conceived by the advancing applications of different coatings such as silicone and products such as elastomeric membranes. While the applications of elastomeric membranes are explained later in this discussion, silicone has grabbed the attention primarily due to its extraordinary properties. Silicone resins act as water repellents to brick, stone, and other masonry surfaces during the application of paints. Contractors of building roofs and bridges could prefer silicone coating because of the weathering resistance capability provided to the paints used.

If the segmentation areas of the global liquid roofing market is considered, type and application could be listed right at the top. The authors of the report can customize this segmentation according to the business needs of the interested parties.

The publication that studies the global liquid roofing market has exercised both primary and secondary research for a thorough analysis of key factors such as drivers and restraints, competitive analysis, and market scenario during the forecast years. Buyers of the report can access the tailor-made analysis of the global market to desirably position themselves in the liquid roofing industry.

Request TOC of the Report @https://www.tmrresearch.com/sample/sample?flag=T&rep_id=965

Global Liquid Roofing Market: Trends and Opportunities

The competition amongst the prominent companies is projected to trigger the growth of the international liquid roofing market. In response to the need for survival in the competitive environment of the global market, the top industry players have been counting on decisive growth strategies such as collaborations with potential giant players and development of novel products.

A sizable amount of growth is accredited to the ascending focus on the development of the construction sector. In the event, there has been an escalating requirement for buildings that are energy-efficient. The construction industry could lay a robust platform for elastomeric membranes to display a stallion growth. Elastomeric membranes are one of the critical segments of the global liquid roofing market according to type of material. Ranked before silicone coating in the global market, elastomeric membranes are anticipated to gain traction over other material types chiefly due to their voluminous employment in the construction sector. They find application in the protection of surfaces against the common odds, such as certain chemicals and abrasion, and waterproofing.

The other types of liquid roofing that are likely to make their presence known could be bituminous, acrylic, polyurethane (PU), and PU and acrylic hybrids.

Global Liquid Roofing Market: Regional Outlook

As for most of the roofing markets, Asia Pacific could top the geographical segmentation of the world liquid roofing market. The residential sector can emerge as a powerful booster of the regional market, mainly on the back of a faster growing application of liquid roofing. Developing nations such as Turkey, Indonesia, Brazil, and India are considered to be great grounds for establishing the liquid roofing business in Asia Pacific. This projection is based on the rapid pace of urbanization witnessed in these emerging economies. As a result, liquid roofing could find a larger application in the building of residential properties.

As for the dominance exhibited in the past, Asia Pacific could take the legacy forward during the course of the forecast period on account of heavy foreign investments, elevating living standard, robust industrial base, and enlarging production facilities. The regional market is predicted to take advantage of the connection between the liquid roofing market and construction industry. New construction activities are prognosticated to take precedence between the forecast years due to the acceptance of nuclear families, swelling concerns with regard to waterproofing and infrastructure development, altering home ownership preferences, and augmenting income levels.

Read Comprehensive Overview of Report @https://www.tmrresearch.com/liquid-roofing-market

Global Liquid Roofing Market: Companies Mentioned

The significant players in the international liquid roofing market are envisioned to fortify their status in the industry with certain plans of action. These could include technological developments, perpetual implementation of development tactics, intelligently parked research and development centers, and heterogeneous product portfolio. Among others, Parker Hannifin, Indium Corporation, Bergquist Company, AkzoNobel N.V., 3M, Saint-Gobain, Dow Chemical, and Badische Anilin und Soda Fabrik (BASF) are reckoned to be the key companies operating in the global market.

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in todays supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Read more:
Liquid Roofing Market Predicted to Accelerate the Growth by 2017-2025 - News Parents

We are thrilled to welcome Mike to the Atlas family and look forward to his fresh perspective and approach. Mikes breadth of experience and proven leadership skills are an asset to the company.Ken Farrish, President of Atlas Roofing

ATLANTA (PRWEB) February 20, 2020

Atlas Roofing Corporation is excited to welcome Michael (Mike) McCaig as the new Vice President of Operations for its Shingle and Underlayment Division. McCaig brings more than 30 years of experience and a depth of industry knowledge, further strengthening Atlas Roofings position as a trailblazer in residential and commercial roofing materials.

McCaig has worked in executive leadership for prominent building materials companies. Before joining Atlas on Jan. 20, 2020, he served as President of Alumicor Ltd., a custom door, window and curtain wall manufacturer.

We are thrilled to welcome Mike to the Atlas family and look forward to his fresh perspective and approach, says Ken Farrish, President of Atlas Roofing. Mikes breadth of experience and proven leadership skills are an asset to the company.

McCaigs distinguished career underscores his commitment to advancing the building materials industry. Before joining Alumicor, he held a variety of operations and engineering positions at IKO Industries and Owens Corning.

I was attracted to Atlas commitment to developing roofing materials that address the current and future needs of the industry, McCaig says. I am excited to contribute to the continued growth of the Shingle and Underlayment Division.

McCaig has also held management positions in glass, insulation and commercial foam plants in the United States and Canada. He earned a chemical engineering degree from the University of Waterloo in Ontario and an MBA from York University in Toronto.

Mike is the perfect person to advance our goal of innovating quality products that exceed contractor and homeowner expectations, says Kirk Villar, Vice President of Sales and Marketing for Atlas Roofing.

The Atlas family of products includes StormMaster shingles made with Core4 Technology the most innovative development in asphalt shingle manufacturing today. Atlas StormMaster Shake shingles were ranked No. 1 for impact resistance by the Insurance Institute for Business and Home Safety (IBHS) and are a HOLMES Approved Product.

McCaig and his wife Diana have two adult children, Melanie and Christopher, who attend college in Canada. The family lived in the United States for many years and are naturalized American citizens.

###

About Atlas RoofingAtlas Roofing Corporation is an innovative, customer-oriented manufacturer of residential and commercial building materials. Atlas has grown from a single shingle-manufacturing plant into an industry leader with 37 manufacturing plants and distribution facilities across the United States, Mexico and Canada. Stay connected with us at AtlasRoofing.com or on Facebook, Twitter and YouTube.

Share article on social media or email:

More here:
Mike McCaig Named Atlas Roofing VP Of Operations For Shingle & Underlayment Division | McCaig Brings 30 Years Of Industry Expertise To The Atlas...

The report provides the past as well as present growth parameters of the global Automotive Carpeting and Roofing Market. The report features important and unique factors, which are expected to significantly impact the growth of the global Automotive Carpeting and Roofing market throughout the forecast period 2020-2025.

The report presents a comprehensive scenario of the market so as to calculate the market size, based on the way of study, synthesis, and summation of data from multiple sources.

TheMajorPlayers Covered in this Report:IAC Group, Feltex Automotive, Low and Bonar, AGM Automotive, Lear Corporation, Faurecia, Autoneum Holding, Magna International, UGN& More.

Get a Sample PDF Report:https://www.reportsmonitor.com/request_sample/713377

Segment by TypeFabricRubberPolyvinyl ChlorideFoam

Segment by ApplicationPassenger CarCommercial Vehicle

Each segment of the report exposes basic data about the worldwide Automotive Carpeting and Roofing market that could be utilized to guarantee solid progress in the coming years. Our remarkable mix of necessary and optional research systems helped us to perceive shrouded business openings accessible in the worldwide Automotive Carpeting and Roofing market, other than gathering huge bits of understanding of market members and getting exact market data. It includes a few research concentrates, for example, fabricating cost examination, outright dollar possibility, estimating inquiry, organization profiling, creation, and utilization examination, and market elements.

Regional Analysis For Automotive Carpeting and Roofing Market:

North America(United States, Canada, and Mexico)Europe(Germany, France, UK, Russia, and Italy)Asia-Pacific(China, Japan, Korea, India, and Southeast Asia)South America(Brazil, Argentina, Colombia, etc.)Middle East and Africa(Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Automotive Carpeting and Roofing are as follows:

Check Discount! On this Report:https://www.reportsmonitor.com/check_discount/713377

The leading competitors functioning in the Global Automotive Carpeting and Roofing Market are focusing on expansions, product launches, mergers and acquisitions (M&A), partnerships, and collaborations as their key business strategy to survive in the competitive market. The report analyzes and studies the industry players and their strategic moves to sustain in this market.

The key takeaways from the report:

If You Want More Details On this Report:https://www.reportsmonitor.com/report/713377/Automotive-Carpeting-and-Roofing-Market-Market

Contact UsJay MatthewsDirect: +1 513 549-5911 (U.S.)+44 203 318 2846 (U.K.)Email: [emailprotected]

Continued here:
Automotive Carpeting and Roofing Market Improvement Status (2020-2025) By Analyzing the Performance of Various Competitors: IAC Group, Feltex...

The report offers a exclusive research investigation of theRoofing Systems Marketwith nitty gritty data of Product Types, Key Players Such as A (Duro Last Roofing Inc., CentiMark Corporation, Braas Monier Building Group, Tecta America Corporation, Nations Roof LLC, Atlas Roofing Corporation,Owens Corning, Holland Roofing, Empire Roofing,Collis Roofing, Best Roofing, Precision Construction and Roofing,Power Home Remodeling, and others.). This excellent statistical surveying and examination report give a ground-breaking study that prepares showcase players to wind up mindful of concealed development openings, assume responsibility for the aggressive scene, center around high-development fragments, and to do substantially more.

Request Free sample copy here @ https://www.coherentmarketinsights.com/insight/request-pdf/3414

The report gives a 6-year gauge (2019-2026) surveyed dependent on how the Roofing Systems Market is anticipated to develop in significant areas like USA, Europe, Japan, China, India, Southeast Asia, South America, South Africa and Others with Global Outlook and incorporates Clear Market definitions, groupings, producing forms, cost structures, improvement strategies and plans. The realities and information are attractive in the report utilizing outlines, diagrams, pie graphs, and other pictorial portrayals as for its Current Trends, Dynamics, and Business Scope and Key Statistics.

Report Covers:

How is this Report On Roofing Systems Market Useful?

In order to comprehend the knowledge and insights received from this report, some figures and presentations are also included apart from the data. These are in the form of charts, graphs, tables, etc. Rather than reading the raw data, reading through tools is easier and more conclusions can be drawn looking at these explaining diagrams.

This report also provides hands-on ready-to-access analytical data provided by industry professionals. They can understand various vital trends, drivers, and challenges in the Roofing Systems Market industry. This report will provide a detailed assessment of majorly the major players, regions considered, and applications.Our competitor profiling comprises the validation of distribution channels and products and services offered by and Cloud Backup financial performance of companies operating in the market 2019. We also give Porters Five Forces, PESTLE, and SWOT analysis to identify the competitive threat and study other aspects of the Roofing Systems Market.

Important Features that are under offering & key highlights of the report :

Ask Discount before purchasing @ https://www.coherentmarketinsights.com/insight/request-discount/3414

Benefits of Purchasing Global Roofing Systems Market Report:

Aslo Checkout our latest Blog at: http://bit.ly/Sumit

The rest is here:
Roofing Systems Market Guide to Share Key Aspects of the Industry with the details of Influence Factors - Nyse Nasdaq Live

(OnFocus) Roofing in the winter presents unique industry challenges, but Quality Roofing is well-equipped to handle any winter roofing project.

Obviously the snow, the cold, and the ice present challenges and theres a little more precaution on that aspect, said Kyle Schultz, project manager. There are slipping hazards, but we take time to make sure everyone is safe.

Quality Roofing can work even through the coldest parts of winter, though owners Pat and Mark Begotka dont make laborers work if the cold becomes unbearable.

Everything has its temperature limitations, but there are often ways to work around it, said Schultz. We work around the temperatures most of the time.

Other winter challenges include those present in most other jobs, such as driving to the location. If the project location is a considerable distance from a laborers home, Quality Roofing will provide the option for workers to stay overnight near the job site.

Benefits to winter roofing include shorter workdays and dressing warm.

We always have to wear pants and hard hats, so in the summertime it can get warm. In the wintertime, you can dress a little better for conditions, said Schultz.

To join the Quality Roofing team or to hire them for your next commercial roofing project, contact them at 715-384-8881.

Kyle Schultz Celebrates 20 Years with Quality Roofing

Marshfield Insurance, Quality Roofing Inc, Offer Tips to Prepare Roofs for Winter

More here:
Quality Roofing Handles Winter Projects with Safety in Mind - OnFocus

MIAMI VALLEY Todd Miller of Sidney was recently recognized with the Larry Swaney Award from the Metal Construction Association. Miller is president and co-owner, along with Kelly Joseph of Tipp City, of Isaiah Industries in Piqua. Isaiah Industries is a leading manufacturer of specialty residential metal roofing and other building materials.

The Larry Swaney Award is given to an individual who has worked unselfishly for the success of the Metal Construction Association (MCA) and the betterment of the metal construction industry. The recipient is recognized for reflecting the spirit of Larry A. Swaney, the founding president of the association and an individual committed to promoting communication, cooperation, sharing and unity, as well as fostering growth and enhancing the betterment of metal construction.

Miller has spent his entire career of 35-plus years in the steep slope metal roofing industry. He has played an industry leadership role for more than 20 years and is widely respected for his industry knowledge. Miller has served MCA in various capacities related to technical, research, marketing, governance, and government relations. While most of his work has been in manufacturing, marketing, and sales, he has also worked with a great deal of industry research, including writing and co-writing numerous technical bulletins and installation guidelines. He served on the MCA Board of Directors from 1999-2015 and was chairman in 2013 and 2014.

Todd works with thousands of homeowners and contractors each year, answering questions and providing direction for successful roofing systems, said Dick Bus, president of the Metal Roofing Alliance, a leading trade association related to MCA. The vast majority of these interactions do not involve his companys products, but Todd sees it as his calling to further our industry by being a great resource.

In addition to being Vice Chair of the Metal Roofing Alliance, Miller serves on the Board of Directors for Christian Academy Schools in Sidney and the Piqua Area Chamber of Commerce. Isaiah Industries has 55 team members who serve customers across North America as well as in Japan, the Caribbean, and other areas.

Read the original post:
Isaiah Industries president recognized with award from the Metal Construction Association - Troy Daily News

Metal Roofing Market Overview:

Global Metal Roofing Market was valued at USD 4.21 Billion in 2018 and is projected to reach USD 20.39 Billion by 2026, growing at a CAGR of 4.64 % from 2019 to 2026.

In the report, we thoroughly examine and analyze the Global market for Metal Roofing so that market participants can improve their business strategy and ensure long-term success. The reports authors used easy-to-understand language and complex statistical images, but provided detailed information and data on the global Metal Roofing market. This report provides players with useful information and suggests result-based ideas to give them a competitive advantage in the global Metal Roofing market. Show how other players compete in the global Metal Roofing market and explain the strategies you use to differentiate yourself from other participants.

The researchers provided quantitative and qualitative analyzes with evaluations of the absolute dollar opportunity in the report. The report also includes an analysis of Porters Five Forces and PESTLE for more detailed comparisons and other important studies. Each section of the report offers players something to improve their gross margins, sales and marketing strategies, and profit margins. As a tool for insightful market analysis, this report enables players to identify the changes they need to do business and improve their operations. You can also identify key electrical bags and compete with other players in the global Metal Roofing market.

Request a Report Brochure @ https://www.verifiedmarketresearch.com/download-sample/?rid=12220&utm_source=ITN&utm_medium=003

Top 10 Companies in the Metal Roofing Market Research Report:

Metal Sales Manufacturing Corporation, Jinhu Color Aluminum Group, Ideal Roofing Co., Reeds Metals, ATAS International, DECRA Roofing Systems, Firestone Building Products, Carlisle SynTec Systems, BlueScope Steel Limited and The OmniMax International

Metal Roofing Market Competition:

Each company evaluated in the report is examined for various factors such as the product and application portfolio, market share, growth potential, future plans and recent developments. Readers gain a comprehensive understanding and knowledge of the competitive environment. Most importantly, this report describes the strategies that key players in the global Metal Roofing market use to maintain their advantage. It shows how market competition will change in the coming years and how players are preparing to anticipate the competition.

Metal Roofing Market Segmentation:

The analysts who wrote the report ranked the global Metal Roofing market by product, application, and region. All sectors were examined in detail, focusing on CAGR, market size, growth potential, market share and other important factors. The segment studies included in the report will help players focus on the lucrative areas of the global Metal Roofing market. Regional analysis will help players strengthen their base in the major regional markets. This shows the opportunities for unexplored growth in local markets and how capital can be used in the forecast period.

Regions Covered by the global market for Smart Camera:

Middle East and Africa (GCC countries and Egypt)North America (USA, Mexico and Canada)South America (Brazil, etc.)Europe (Turkey, Germany, Russia, Great Britain, Italy, France etc.)Asia Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)

Ask for Discount @ https://www.verifiedmarketresearch.com/ask-for-discount/?rid=12220&utm_source=ITN&utm_medium=003

Table of Content

1 Introduction of Metal Roofing Market

1.1 Overview of the Market1.2 Scope of Report1.3 Assumptions

2 Executive Summary

3 Research Methodology of Verified Market Research

3.1 Data Mining3.2 Validation3.3 Primary Interviews3.4 List of Data Sources

4 Metal Roofing Market Outlook

4.1 Overview4.2 Market Dynamics4.2.1 Drivers4.2.2 Restraints4.2.3 Opportunities4.3 Porters Five Force Model4.4 Value Chain Analysis

5 Metal Roofing Market, By Deployment Model

5.1 Overview

6 Metal Roofing Market, By Solution

6.1 Overview

7 Metal Roofing Market, By Vertical

7.1 Overview

8 Metal Roofing Market, By Geography

8.1 Overview8.2 North America8.2.1 U.S.8.2.2 Canada8.2.3 Mexico8.3 Europe8.3.1 Germany8.3.2 U.K.8.3.3 France8.3.4 Rest of Europe8.4 Asia Pacific8.4.1 China8.4.2 Japan8.4.3 India8.4.4 Rest of Asia Pacific8.5 Rest of the World8.5.1 Latin America8.5.2 Middle East

9 Metal Roofing Market Competitive Landscape

9.1 Overview9.2 Company Market Ranking9.3 Key Development Strategies

10 Company Profiles

10.1.1 Overview10.1.2 Financial Performance10.1.3 Product Outlook10.1.4 Key Developments

11 Appendix

11.1 Related Research

Get a Complete Market Report in your Inbox within 24 hours @ https://www.verifiedmarketresearch.com/product/metal-roofing-market/?utm_source=ITN&utm_medium=003

About Us:

Verified market research partners with clients to provide insight into strategic and growth analytics; data that help achieve business goals and targets. Our core values include trust, integrity, and authenticity for our clients.

Analysts with high expertise in data gathering and governance utilize industry techniques to collate and examine data at all stages. Our analysts are trained to combine modern data collection techniques, superior research methodology, subject expertise and years of collective experience to produce informative and accurate research reports.

Contact Us:

Mr. Edwyne FernandesCall: +1 (650) 781 4080Email: [emailprotected]

TAGS: Metal Roofing Market Size, Metal Roofing Market Growth, Metal Roofing Market Forecast, Metal Roofing Market Analysis, Metal Roofing Market Trends, Metal Roofing Market

Here is the original post:
Metal Roofing Market 2020 Trends, Market Share, Industry Size, Opportunities, Analysis and Forecast by 2026 - Instant Tech News

Beacon Roofing Supply, Inc. BECN, which belongs to the Zacks Building Products - Retail industry, has been grappling with lower net sales and earnings. The companys margins remained pressurized throughout the year. Year to date, the stock has witnessed a decline of 9% against the industrys growth of 28.4%.Neither strong technology initiatives nor benefits from the Allied Building Products buyout have aided the stock performance in 2019. The largest distributor of residential and non-residential roofing materials has been witnessing lower storm-related demand over a year. Heavy rainfall in early 2019 across most regions served, higher raw material prices and competitive pricing pressures further added to the concerns.

Lets see Whats Ailing the Stock

In fiscal 2019, the companys existing market net sales grew just 3.3% year over year despite having an additional business day. Meanwhile, Beacon Roofing expects the first half of fiscal 2020 to remain soft as the incremental demand related to hurricanes, which the industry witnessed in early fiscal 2019, is not benefiting it anymore.

Raw material prices across a wide range of key items including asphalt, steel and gypsum as well as for inbound flatbed rates and outbound costs including diesel and other delivery expenses are high. Being a distributor of residential roofing supplies, Beacon Roofing is sensitive to highly volatile asphalt prices. This is because oil is a significant input in asphalt production. Consequently, shingle prices remain unstable.

In fiscal 2019, cost of goods sold (COGS), as a percentage of net sales, grew 40 basis points (bps) year over year. Adjusted EBITDA margin declined 80 bps in the same period. Going ahead, increased prices might impact demand for these products, resulting in lower sales volumes.

Moreover, heightened competitive pricing pressure is concerning for the company. The commercial roofing market has been experiencing extensive pricing pressures of late. Repair remodel activities, which represent the majority of product demand for Beacon Roofing, highly depends on economic factors and weather conditions. Furthermore, general market softness, volatile exchange rates and uncertainty regarding weather conditions remain concerning.

Stock Surges in December: Heres Why

However, the company has displayed resilience of late, which is a big boost before we enter 2020. Month to date, Beacon Roofings shares have gained 6%, outperforming the industrys growth of just 0.8%. The recent growth can primarily be attributed to the companys optimistic view for the second half of fiscal 2020.

During fourth-quarter fiscal 2019 earnings discussion, management had expected strong second-half fiscal 2020 performance as the macroeconomic parameters are improving. For fiscal 2020, the company anticipates market demand to be relatively flat year over year.

The company, which shares space with BMC Stock Holdings, Inc BMCH, Builders FirstSource, Inc BLDR and GMS Inc GMS in the same industry, expects strong demand environment coupled with no incremental inflation in 2020 spring selling season. Post first-quarter fiscal 2020, it expects to witness EBITDA improvements, driven by higher gross margins, stronger sales growth and positive operating leverage.

The Zacks Rank #3 (Hold) company announced fixed cost-structure actions to reduce operating costs by $25 million to focus on growth and debt reduction. Of the said amount, it managed to reduce $4 million of operating costs in the fourth quarter of fiscal 2019. Moreover, its integration of Allied Building Products and other acquisitions helped it gain synergies.

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

Further, Beacon Roofing remains focused on investing in additional tools and training for its employees to enhance productivity for consistently expanding product breadth and depth. Also, the company will likely gain from the successful execution of technology initiative in the growing e-commerce platform. Notably, it remains on track with the long-term target of generating $1 billion of annual digital sales.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Beacon Roofing Supply, Inc. (BECN): Free Stock Analysis Report

BMC Stock Holdings, Inc. (BMCH): Free Stock Analysis Report

GMS Inc. (GMS): Free Stock Analysis Report

Builders FirstSource, Inc. (BLDR): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More here:
Is Beacon Roofing (BECN) Doomed to Have a Terrible 2020 too? - Nasdaq

AURORA, Colo., Dec. 23, 2019 /PRNewswire/ -- For several years, Aurora Colorado Roofing has been working rigorously for its clients, knowing that their homes need repair and they have had to wait, in some cases, over a year to see any work approved by the insurance carriers. Insurance companies continue to change their internal practices when paying claims to further delay payment of work that has been completed.

According to the Insurance Institute of Information (www.iii.org), Colorado ranks as the 10th most expensive in the United States, with an average Annual Premium of $1,446. The most recent data available, November 2019 by the National Association of Insurance Commissioners, shows that the average premium rose by 1.6 percent in 2017. Based on current figures, it will continue to rise.

Most insurance carriers raised premiums the maximum allowed by the state insurance commissioner. However, carriers are seeing profit and gain by denying valid claims to see a larger profit margin from the insurance premiums increase. Furthermore, insurance carriers are purchasing reinsurance, leading to a large portion of insurance companies being insured by the same syndicates.

Aurora Colorado Roofing knows that there are side effects to the lack of care from insurance companies, including rising construction prices, labor costs, and overhead costs, such as energy, and the increase in business insurance. This will result in the possibility of prices doubling in the new year. This carelessness by insurance companies cannot go unnoticed and should be investigated. Aurora Colorado Roofing is concerned for our state and the burden insurance companies have placed on future overhead costs of local construction companies. That cost is always passed on to the consumer.

By intentionally denying or delaying payment for overhead associated with insurance claims, this denies profit for multiple construction trades. Insurance companies have placed an unforeseen overhead burden on further construction business in the coming decade.

While there are dozens of insurance companies throughout the U.S., the majority of the insurance market is controlled by only a few companies. A study shows that in 2017, the top five accounted for 46% of direct premiums written (State Farm, Allstate, Liberty Mutual, USAA, Farmers). https://www.iii.org/fact-statistic/facts-statistics-homeowners-and-renters-insurance many have reinsurance with Lloyds of London or other syndicates, creating a market dominated by Lloyds and other reinsurance companies.

Aurora Colorado Roofing urges consumers to reach out to the local Insurance Commissioner to file a complaint if they have been denied any damages or have been underpaid by a denial for overhead and profit or the adjuster refused to pay for the actual labor rates on a project, referred to as trade labor.

Contact:Kerry Hettick, (800) 901-6290Kerry@denvercoloradoroof.com

Related Images

fire-damage.png Fire Damage Filing an insurance claim only to have it denied.

Related Links

Webpage

Facebook

SOURCE Aurora Colorado Roofing

Link:
Aurora Colorado Roofing Analyzes the Horror Insurance Companies Placed on Consumers and Business for 2020 - PRNewswire