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Beacon Roofing Supply: Renovation Strong, Bidding Volumes Up

Sep. 01, 2023 11:21 AM ETBeacon Roofing Supply, Inc. (BECN)


  • Beacon Roofing Supply has seen strong performance in the construction markets, with bidding rates increasing sequentially as well as pricing and current volumes.
  • Residential volume growth has remained strong, while non-residential volumes have decreased. Activity has been shifting to renovation.
  • The company has experienced a boost in cash flows due to mitigated destocking trends and storm related demand from contractors.
  • A good quarter. Evidence of resilience. But still not the best pick in current markets.
  • Looking for a helping hand in the market? Members of The Value Lab get exclusive ideas and guidance to navigate any climate. Learn More »
builder working on rooftop of house on construction site

brizmaker/iStock via Getty Images

Beacon Roofing Supply (NASDAQ:BECN) is a distributor of roofing and waterproofing products. Contrary to what many believed would happen in housing, the construction markets have remained pretty strong. There is some volume pressure in certain end markets, but a stormy beginning of the

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