Bryan Wagman
Long/short equity, value, growth at reasonable price, industrials

Beacon Roofing: Growth Is Already Priced In

Business Model And Company Overview

Beacon Roofing Supply (NASDAQ: BECN) is one of the largest distributors of roofing equipment in North America. The company offers residential roofing products, commercial roofing products, and complementary building materials. It sells asphalt shingles, wood shingles, metal roofing, metal edging, gutters, doors, windows, siding, and more. Founded in 1928, the company now has more than 250 locations and more than 3,000 employees. Operations span across 40 US states and 6 Canadian provinces.

Over the course of the last few years, the revenue mix has shifted toward being more reliant upon the residential roofing market. In 2004, 41% of revenue was from residential roofing, 34% from commercial roofing, and 25% from complementary products. In 2013,...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details