Beacon Roofing Supply Inc logo

BECN - Beacon Roofing Supply Inc News Story

$25.01 -1.1  -4.1%

Last Trade - 28/05/20

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £1.47bn
Enterprise Value £4.02bn
Revenue £5.79bn
Position in Universe 1819th / 6361

BRIEF-Beacon Roofing Supply Says Co Will Incur Non-Cash Accelerated Intangible Asset Amortization Of About $135 Million - $140 Million

Wed 15th January, 2020 6:27pm
Jan 15 (Reuters) - Beacon Roofing Supply Inc  BECN.O :
    * IN CONNECTION WITH REBRANDING, CO WILL INCUR NON-CASH
ACCELERATED INTANGIBLE ASSET AMORTIZATION OF ABOUT $135 MILLION
- $140 MILLION
    * ACCELERATED AMORTIZATION WILL BE RECOGNIZED IN CO'S FISCAL
QUARTER ENDING MAR 31, 2020
    * PHYSICAL REBRANDING OF BRANCH LOCATIONS & EQUIPMENT IS
EXPECTED
TO RESULT IN CASH EXPENDITURES OF ABOUT $5 MILLION

Source text: [https://bit.ly/2uS2RUW]
Further company coverage:  BECN.O 

 ((Reuters.Briefs@thomsonreuters.com;))
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