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

BUZZ-Beacon Roofing Supply: Shares fall after sales miss

Mon 3rd February, 2020 11:02pm
** Shares of Beacon Roofing Supply Inc  BECN.O  down 5.7% at
$30.62 after the bell; stock set for its biggest percentage fall
in over 2 months 
    ** Co reports Q1 net sales of $1.68 bln vs analyst
expectations of $1.71 bln, according to Refinitiv IBES data,
with residential roofing product sales down 4.1%
    ** Sales decline was influenced by decreased
hurricane-related demand compared to a year earlier  urn:newsml:reuters.com:*:nBw7r865ja
    ** "As expected, our sales declined modestly, which we
believe was in line with the market," said Julian Francis,
Beacon's President and CEO
    ** Stock has gained ~1.58% in value YTD, after rising 0.82%
in 2019

 (Reporting by Gautami Khandke)
 ((Gautami.Khandke@thomsonreuters.com;))
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