PEABODY, Mass.--(BUSINESS WIRE)--

Beacon Roofing Supply, Inc. (BECN) ("Beacon") announced today that it has completed its previously-announced acquisition of Cassady Pierce Company (Cassady Pierce), a distributor of residential and commercial roofing products and related accessories headquartered in Pittsburgh, Pa. with six locations in the Pittsburgh area.

Paul Isabella, Beacons CEO and President, stated, "We are pleased to announce the completion of the Cassady Pierce acquisition and to welcome the Cassady Pierce team to Beacon. We thank owner Dennis Kelleher for the opportunity to make the terrific company he built part of Beacon, and we look forward to President Bill Vernals continued leadership of their talented team. These branches will continue to operate under the Cassady Pierce name. This acquisition will provide tremendous opportunities for Beacon in the Western Pennsylvania market and is another important step in our nationwide expansion."

About Beacon Roofing Supply Inc.: Beacon Roofing Supply, Inc. is a leading distributor of roofing materials and complementary building products operating 199 branches in 38 states in the United States and across Canada. Website: http://www.beaconroofingsupply.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Beacon Roofing Supply Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

BECN-F

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Beacon Roofing Supply Completes Cassady Pierce Acquisition

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--

Asphalt shingles are a common roofing material - and a common waste in home repair projects. In fact, every year 10 million tons of shingles are torn off roofs in the U.S., and some estimates say shingles may account for up to 5 percent of total annual building-related waste.

Owens Corning (OC), a leading global producer of residential and commercial building materials and an industry leader in shingles recycling, and Earth911, Inc., host of the largest and most accurate recycling directory in the U.S., have partnered to help raise awareness about the environmental opportunities that shingles recycling presents and encourage more homeowners and contractors to get involved. Recycling shingles has a number of benefits:

We are excited to help bring shingle recycling to both consumers and contractors, said Barry Hornbacher, Owens Corning Roofing and Asphalt Shingle Recycling program manager. Together with Earth 911 we have created a cost-effective and convenient solution that will reduce the environmental impact of installing a new roof.

Earth911.com now hosts a new Shingles Recycling page with expert-level resources to address crucial shingles recycling know-how. Earth911 and Owens Corning will also develop stories utilizing facts, tips and ideas to help readers improve their knowledge about shingles recycling.

Owens Corning Roofing and Asphalt LLC is the first roofing manufacturer to establish a program for recycling shingles. Since the program began in 2009, more than 100,000 tons of shingles, or over 1000 miles of paved roads, have been recycled.

Throwing away millions of barrels of oil each year in the form of shingles is a waste of valuable resources, said Earth911 CEO Barry Monheit. Through our partnership with Owens Corning, well work to educate more homeowners about the potential environmental benefits of shingles recycling and make an impact on the demand for wider shingles recycling opportunities across the country.

Contractors can take the Preferred Contractor Shingle Recycling Pledge, connecting contractors with convenient recycling facilities. Currently there are 43 major cities with drop-off locations for shingles recycling, and the network is expanding to more locations across the U.S. Recently, the Shingle Recycling Pledge was also expanded to homeowners, who can commit to using only contractors who recycle shingles to make their own home repair projects more sustainable.

About Owens Corning

Owens Corning (OC) is a leading global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems. A Fortune 500 company for 57 consecutive years, Owens Corning is committed to driving sustainability by delivering solutions, transforming markets and enhancing lives. Founded in 1938, Owens Corning is a market-leading innovator of glass-fiber technology with sales of $5.3 billion in 2011 and approximately 15,000 employees in 28 countries on five continents. Additional information is available at: http://www.owenscorning.com.

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What If All Shingles Were Recycled?

GLEN ALLEN, Va., May 31, 2012 /PRNewswire/ -- Industry analyst firm NanoMarkets announces the release of its latest report on the building-integrated PV (BIPV) market titled, "BIPV Roofing Markets". The report claims that the total market value for BIPV roofing products will reach $3.9 billion by 2016. NanoMarkets expects the market for today's overlay products (a.k.a. building-attached PV) to grow strongly but sees the market for more fully integrated BIPV roofing panels as presenting the largest long-term opportunity. The report stresses that this opportunity is available not just to the traditional PV industry but also to the roofing products industry.

Additional details about the report are available at: http://nanomarkets.net/market_reports/report/bipv_roofing_markets_2012.

About the Report:

This report provides in-depth market analysis of the BIPV roofing industry, examining the ways that BIPV roofing can enable new business revenues at a time when both the construction and PV industries are seeing hard times. Coverage in this report comprises BIPV roofing overlays, rigid BIPV roofing (e.g., BIPV tiles), flexible BIPV roofing (e.g., BIPV shingles) and monolithically integrated BIPV roofing products.

This report also contains granular forecasts in both value and volume (MW and square meter) terms, with breakouts by PV technology, type of building, retrofit vs. new construction, and geographical region. The report also examines the strategies of firms active in the BIPV roofing including: 3S Swiss Systems, Atlantis Energy, Dyesol, GE, Global Solar, Lumeta, Sharp, Solarcentury, Soltecture, SunPower, Suntech Tata Steel and Xunlight.

Findings from the Report:

NanoMarkets projects the BIPV roofing sector at $3.9 billion in revenues in the year 2016, with these revenues fairly equally divided between the overlay, rigid and flexible sectors. The monolithically integrated BIPV roofing market will by then only just have begun to emerge.

BIPV roofing overlays are a mature technology that offers a way to deploy PV that is often easier to install and maintain than conventional PV and represent an attractive product diversification for the roofing products industry. By 2016, NanoMarkets estimate that revenues from BIPV roofing overlays will amount to $1.1 billion.

Of the 160 MW of BIPV roofing products that will ship in 2012, NanoMarkets believes almost 90 percent will be accounted for by crystalline silicon (c-Si) PV technology. By 2016, however, NanoMarkets anticipates that this number will fall to around 50 percent. The big winner at the expense of c-Si will be CIGS, which can be used to make lightweight PV that can be extensively deployed on roofs without the need for additional support.

NanoMarkets anticipates that in the near future, absorber materials such as CIGS and DSC, which can be created with coating or printing will be used to create "monolithically integrated" BIPV roofing panels. Such panels will offer power producing and roofing fabric functionalities that are as melded together as are printing, copying and scanning in an office "all-in-one." NanoMarkets expects such products to be on the market by 2014 and while there will be a lag time before significant revenues are achieved, the firm sees this type of BIPV product as the industry's long term direction.

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NanoMarkets Releases New Report on BIPV Roofing Markets, Sees $3.9 billion ($US) by 2016

NEW YORK, May 30, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Residential Roofing Materials: The North American Market

http://www.reportlinker.com/p0157457/Residential-Roofing-Materials-The-North-American-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Home_Building_and_Improvement

INTRODUCTION

STUDY GOALS AND OBJECTIVES

The objective of this report is to provide business planners, investors, and other professionals with quantifiable market measurement and analysis that can help them formulate strategic business plans and make key investment decisions.

REASONS FOR DOING THE STUDY

Residential roofing is a $5 billion industry in North America that defines the livelihood of more than 25,000 roofing contractors, thousands of employees who manufacture the products, and the distributors that carry these products. Although hard hit by the recent economic downturn, the industry remains a vital part of the economy and an important component in achieving and maintaining the American dream of home ownership.

This BCC study is a comprehensive reference work that defines and describes the industry. In preparation of this document, we have read, analyzed and condensed information from industry sources, trade literature, producer and distributor web sites and other reference material. The industry is diverse, creative and dynamic. The range of products currently on the market is very broad, far exceeding the ability of any sole distributor to stock and wider than most industry observers may be aware of. There are many smaller producers today that have the capability of growing into major brands tomorrow. Some of these future success stories will ride the wave of demand for new products such as building-integrated photo-voltaic (BIPV) roofing products that are increasingly finding their way into the mainstream of roofing alternatives.

SCOPE OF REPORT

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Residential Roofing Materials: The North American Market

That's because the warm winter weather that residents of southeastern Wisconsin enjoyed also allowed roofing contractors to get a lot more work done than usual. As a result the normal backlog they have heading into the spring was eliminated and roofing contractors are now bidding aggressively against each other for new work.

"New work is really competitive because there isn't a lot of it out there," said John Pilmaier, project manager for Milwaukee-based Langer Roofing & Sheet Metal Inc. "We don't have much of a backlog, but we are moving from job to job, keeping our guys busy."

Waterford-based SRS Roofing & Sheet Metal Inc. had its best first quarter ever, said Mike Hurst, president and CEO. But the warm winter and early spring weather had a lot to do with that, he said, and now roofing contractors are bidding aggressively for new work.

"The local roofing market is super competitive right now," said Tom Bechtel, commercial roofing estimator and director for SRS. "If there's anybody thinking about doing a roof job right now is the idea time to do it," said Hurst.

When there is a lack of rain or snow there are much fewer roof problems and most people don't think about repairing or replacing their roof until it leaks, said Patrick Finger, president and co-owner of Pewaukee-based Velcheck & Finger Roof Consulting & Service.

"Roofers do not like good weather," Finger said. "The industry as a whole I would say is pretty slow because the weather was too warm during the winter. There's no roof damage. It's extremely competitive right now in the industry."

New construction projects, which ground to a halt during the Great Recession, have picked up, but some roofers say the number of new building projects is too low. However, Pilmaier said he has heard that architectural firms are doing increased business.

"At least it's moving in the right direction," he said. "But it's going to be months before it gets to us."

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Warm winter creates competitive roofing market

Seven years ago, several employees of Specialty Associates Inc., a West Allis roofing contractor, made a major decision that would dramatically change their careers.

Specialty Associates Inc. (SAI) was one of the largest roofing contractors in the state and had been through several turbulent years of ownership changes and a Chapter 11 bankruptcy filing. But in early 2005, an even bigger change was coming. Tecta America Corp. acquired General Roofing Services, the parent company of SAI. Tecta is the parent company of FJA Christiansen Roofing Co. Inc., one of Milwaukee's oldest and most prominent roofing companies.

SAI employees knew that Tecta would not maintain two roofing companies in Milwaukee.

"We knew when they were done, the lead entity in Milwaukee would be FJA," said Michael Hurst, who was then the president of SAI. "They were going to merge (SAI and FJA), cherrypick (SAI). Take the best people, the best pieces of equipment and just drop everything they weren't interested in."

Hurst joined SAI in 1996 as an architectural sheet metal mechanic and crew foreman. Seeking a new career path, and with an interest in computers, he moved into an information technology position at the company in 2000. The company was acquired in 1999 by Pompano Beach, Fla.-based General Roofing, then a huge international roofing company, and Hurst traveled around the nation installing, and doing training for, accounting software and developing process improvements and controls. But Hurst had a lot to learn about the roofing business.

"Before 2004, I couldn't have told you much more than a roof goes on the top of a building," he said.

In 2004, General Roofing was acquired by Aurora, Colo.-based investment firm Republic Financial Corp., and Ron Werowinski, who founded SAI in 1975, left the company. Hurst became president of SAI after Werowinski left.

"When Ron left, because of my relationship with all of the other (General Roofing) operators in the country, I really got a good understanding of the roofing business from the business side," Hurst said.

Hurst led SAI through turbulent times. Right after it acquired the company, Republic had General Roofing file to reorganize the company under Chapter 11 of the bankruptcy code. As a result, some SAI vendors did not get paid, damaging their relationship with the company, Hurst said. Some vendors who did not get paid demanded payments from homeowners who had already paid SAI.

"Trying to run the company with those kinds of things going on, it's a nightmare," Hurst said. "The construction trade is really a relationship business. You've got to do what you say and say what you do."

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Climb to the Top : Roofing Company Overcomes Adversity

Ohio's attorney general on Thursday sued a Middleburg Heights roofing contractor, alleging his company violated consumer law by performing shoddy work, and in some cases, failing to perform work at all.

The suit filed in Cuyahoga Common Pleas Court names Matthew Schultz, dba All Season Roofing and Home Improvement.

Messages left on the company's answering machine were not returned.

The suit contends that on several occasions the company accepted payment for roofing or remodeling jobs but failed to deliver materials or do work.

One Strongsville woman complained to the attorney general that a day after her $9,500 roof was finished, it began leaking, the office said.

Ohio law requires home improvement contractors to provide detailed receipts, including the goods, cost and whether or not the money is refundable. The suit alleges Schultz failed to do so.

All Season has also run afoul of the Greater Cleveland Better Business Bureau, which said the company wrongly used the BBB's logo on its business cards and Yellow Pages ads. The BBB noted its trademarked logo is reserved for use only by accredited members. All Season is not a member, said the BBB, which has given the company an F rating.

To file a complaint against All Season or any contractor, contact the Ohio attorney general's office at 1-800-282-0515 or ohioattorneygeneral.gov

To check a company's standing with the BBB, call 216-241-7678 or visit bbb.org/us.

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Ohio sues Middleburg Heights roofing contractor, alleging shoddy work

AMY MAAS

An Auckland roofing company has been ordered to make payments totalling $53,000 after an employee was seriously injured after falling three metres from a roof.

In the Auckland District Court today, Metalcraft Industries was fined $43,000 and ordered to pay $10,000 to the victim who fractured his lower back, several ribs and damaged his shoulder tendons and ligaments in the accident on June 9, 2011.

Three employees were working on a single storey Keith Hay home in Glen Innes when one of the men slipped while trying to reach down and secure a safe hold on the edge of the damp roof.

A Department of Labour investigation found the accident was preventable, had Metalcraft Industries Ltd planned a safe approach to working at height and put in place appropriate roof edge protection.

"The precautions taken by the employer fell short of what is required," said John Howard, the department's northern general manager.

The department provides guidelines on how to manage working at height to prevent harm.

- Fairfax NZ News

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Roofing company fined $53k after employee injury

WATERLOO --- Several roofing projects and the remodeling of three West High School classrooms were approved Wednesday by the Board of Education.

A $1.36 million contract was approved with Service Roofing of Waterloo to partially reroof as many as seven schools. That was the lowest proposal of five companies that bid on reroofing all the buildings. Other bids ranged from $1.45 million to $2.1 million.

Nonetheless, the Service Roofing contract is more than the $1.2 million in physical plant and equipment levy funds Waterloo Community Schools has available for the projects.

"We would like the board to approve the basis bid and work with the contractors on which area we value-engineer out," said Dan Channer of Struxture Architects, which is providing design services.

Roofs bid on include the Elk Run Early Childhood Center; Bunger, Central and Hoover middle schools; East and West high schools and the McKinstry building (now housing Expo Alternative Learning Center). An alternate not included in the basis bid is to reroof another portion of the Elk Run building.

"My recommendation is we would forego McKinstry and do Elk Run," Marty Metcalf, the district's director of operational services, told the board.

"We are a little behind in our maintenance of our roofs the last three or four years," he added. "These are the worst of the worst."

Each roof will have a 30-year warranty except Central, which will have a 20-year warranty. The shorter warranty relates to the roof's original construction, which the manufacturer won't cover for 30 years. The projects must be done by the end of the calendar year.

The board also approved a $201,100 contract with Prairie Construction Services of Waterloo to remodel three West High classrooms for science courses. Prairie Construction Services --- a new company employing many of the same staff from the similarly named Prairie Construction, which recently went out of business --- was the lowest of three bids. The other two bids were $211,100 and $212,300. The low bid is about $150,000 lower than was estimated.

The remodeling will allow the school to have a science classroom including one demonstration table in each of its career interest academies. The table would include water and gas capabilities allowing for science demonstrations.

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Board OKs roofing projects for as many as 7 schools

Beacon Roofing Supply (Nasdaq: BECN) reported earnings on May 10. Here are the numbers you need to know.

The 10-second takeawayFor the quarter ended March 31 (Q2), Beacon Roofing Supply beat expectations on both revenue and earnings per share.

Compared to the prior-year quarter, both revenue and GAAP earnings per share grew. The profit was a surprise, as analysts had predicted a loss.

Margins improved across the board.

Revenue detailsBeacon Roofing Supply reported revenue of $395.2 million. The 10 analysts polled by S&P Capital IQ expected revenue of $344.8 million on the same basis. GAAP-reported sales were 33% higher than the prior-year quarter's $296.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS detailsEPS came in at $0.07. The eight earnings estimates compiled by S&P Capital IQ predicted -$0.07 per share. GAAP EPS were $0.07 for Q2, compared to -$0.13 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin detailsFor the quarter, gross margin was 23.7%, 170 basis points better than the prior-year quarter. Operating margin was 2.5%, 480 basis points better than the prior-year quarter. Net margin was 0.8%, 290 basis points better than the prior-year quarter.

Looking aheadNext quarter's average estimate for revenue is $579 million. On the bottom line, the average EPS estimate is $0.59.

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Beacon Roofing Supply Beats on Both Top and Bottom Lines