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    What can go wrong when building an ADU? – Los Angeles Times

    - April 29, 2023 by Mr HomeBuilder

    Weve all seen the stories about egregious delays and cost overruns affecting seemingly every public construction project, large or not-so-large. But anyone whos done major home improvement work will tell you that delays and budget-busting surprises plagued them too.

    ADU experts agreed that the key to avoiding unexpected delays and cost increases is to have your contractor thoroughly inspect your property up front to see exactly what work will be required. Building officials say its also crucial to work with someone who has experience in your town and is well acquainted with the local codes.

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    But sometimes, your builder will just hit a rock. This is both figuratively and, at times, literally true.

    Or Michaelo, chief executive of prefab manfacturer the Home Gallery, said his company was digging a trench to connect a dwelling in the Joshua Tree vicinity to a nearby water line. They thought they had a clear path; instead, they found a huge rock they had to navigate around.

    Add another up to 5% of your budget for the unknowns, even when you think you know everything, Michaelo said. And make sure you have either the money or the headroom in your loan or line of credit to cover it.

    Here are tips from builders and building officials about the unwelcome revelations that may await you, as well as the steps you can take early on to minimize the shocks.

    Every site has issues, which is why your contractor needs to examine your lot thoroughly before work begins, builders say. A common source of problems is the pitch and condition of your property, especially if youre converting a garage or other structure into an ADU.

    You need to go out and do your due diligence and understand what logistically you need to upgrade on your site, said Gordon Stott of Connect Homes, a Los Angeles-based manufacturer of prefab units.

    He suggested taking a trip to the local building department and going from desk to desk, showing a sketch of your project and asking what the various requirements might be.

    Tim Koutsouros, a Culver City building official, said the biggest problem his department encounters is applications that arent up to the standards of todays building codes. For example, he said, someone might come in with a plan to convert a garage built in the 1930s, but the structures foundation has none of the footings required today. So the city will ask them to put footings in, Koutsouros said. Those are big costs, though, and that kind of takes them by surprise.

    Another item thats kind of an issue, Koutsouros said, is stuff that hadnt been done right in the first place, and we have to fix it. Under state law, local officials cant stop you from putting an ADU in a structure that doesnt comply with local zoning rules, such as a garage that was built too close to the neighbors property. But they can require you to bring the ADU into compliance with current building and safety codes.

    Do your homework

    To minimize the number and severity of the problems that could arise while youre building your ADU, you should gird yourself with knowledge about your own citys requirements and other homeowners experiences.

    Common site issues include:

    Poor drainage. The last thing you want to find out after you start construction is that water drains toward the ADU instead of away from it. Sean Phillips of Otto ADU, a design and construction management firm, said that this sort of drainage isnt a problem for a garage, but its not acceptable for a dwelling unit. Nor can your builders allow water to collect under your ADU. If theres not enough slope from the ADU to the sewer connection or the storm drain, youll need to add pumps.

    Outdated or cracked foundation. If your garage was built decades ago, chances are that its foundation is a slab of concrete a few inches thick. Thats not good enough for a living space, which requires a foundation with footings. If your designer doesnt check that detail, your project is going to cost thousands of dollars more than you expected. And if you dont bring the foundation into compliance before you start building on it, the fix will be even costlier. In Los Angeles, at least, youll need to submit a foundation plan with your application for a building permit, so the bad news will come sooner rather than later.

    Problems inside the walls. Once you take a close look behind your sheetrock, you may find studs with dry rot, water or termite damage. And the walls themselves might lean in or out instead of standing perfectly vertical, Koutsouros said.

    Utility complications. Phillips said that the folks who issue building permits arent the only ones who may have a say over your project. In Los Angeles, the L.A. Department of Water and Power has to sign off on any project built within 10 feet of its equipment or a DWP easement. That review is free, but the DWP says it could hold up your project for six to seven weeks.

    A city inspector might also decide that the electrical panel on your house needs to be bulked up to support the ADU, or that the existing water line is too small, Phillips said, requiring potentially costly upgrades.

    You may also need to brace yourself for the fee your municipal utility will charge for connecting your ADU, said Rene Schomp, former director of the Napa Sonoma ADU Center. State law limits permit fees but not connection fees, and some cities are charging $1,000 for every 100 square feet of ADU, she said.

    A home under construction in Bellflower.

    (Francine Orr / Los Angeles Times)

    Sewer hook-ups. This is a very big issue, according to Danny Shuster of Construction & Consulting Services, a Los Angeles-based design-build firm. If the main houses sewer line is in the front of the property, tapping into it for your ADU may require digging 100 feet of trench with as few twists and turns as possible. Also, although the city of Los Angeles allows you to connect your ADU to your homes sewer line, other cities may require you to run a line from the ADU directly to the municipal system. Ouch.

    Broken sewer lines. If a city inspector discovers that your ADU is connected to a damaged sewer line, you could be ordered to dig it up and fix the problem. Its better to check the lines in advance, Rob Berry of ADU Homes said, so youll be able to budget for it and do the work in the natural course of construction.

    Septic systems over capacity. Schomp said that in unincorporated communities without sewers, properties are required to have a certain amount of septic tank capacity per bedroom. Adding an ADU can push you over the limit of your propertys tank. It can be very costly to upgrade a septic system to accommodate an ADU, she said.

    Buried items. Your records may not reveal something a previous owner buried under the spot youve picked for your ADUs foundation or in the path of its water, sewer and power lines. Maybe its an old septic tank; Berry once had to deal with a buried swimming pool. People need to be honest and open about any obstacles that need to be removed, Shuster said.

    Other troublesome site features. Depending on your property and local rules, Schomp said, you may need to hire a laundry list of (costly) experts to meet the paperwork demands of your permit application. These include a surveyor if your setbacks are tight, a geotechnical engineer if your property is sloped, and an arborist if your project might impinge on a large tree on your lot. If youre building an ADU in Pasadena, youll need to submit an inventory of all the trees on your lot, measurements included, along with a plan for protecting them even if youre just converting your garage.

    Paul Dashevsky of GreatBuildz, an Encino-based firm that matches clients with contractors, said another issue is whether a small excavator can reach the back side of your ADU. If your contractor needs to dig trenches for the ADUs foundation footings or utility connections and cant use an excavator, that will drag out the work and raise your labor costs, he said.

    This was an alley-facing garage before it was transformed into an ADU in West Los Angeles.

    (Tamar Barnoon)

    If youre building a detached ADU from the ground up, the state requires you to install solar panels on it. (Prefab units are exempt, as are garage conversions.) The states energy efficiency requirements for new buildings are an incredibly complex little curveball, said Stan Acton of Acton ADU, a design-build firm based in Campbell, Calif. His company hires a contractor to design solutions for their projects to meet the states requirements. Although experienced ADU developers understand the drill, he said, its yet another piece of complexity.

    The city of Los Angeles also requires new ADUs that are 500 square feet or larger to have a city-approved plan for stormwater capture, a mandate that can require costly experts to address. Thats why Office Of: Offices Backyard Homes program, an effort to help build ADUs in Los Angeles for low-income housing, focuses on 499-square-foot units, said the organizations founder, Elizabeth Timme. Its totally inappropriate to be adding $20,000 [to the cost of these ADUs] for handling rainwater, she said.

    The challenges in getting your citys approvals pale in comparison to getting the green light from the state Coastal Commission. Yakov Zariadnov, chief executive of Yakov Design Build, said hes had ADU projects in Venice that were within 500 feet of the ocean, which meant they required the Coastal Commissions approval a process that he said can take 18 months and require $60,000 in filing fees. The Coastal Commission is a nightmare for any project, Zariadnov said.

    We want to hear from you

    Are you building an ADU or considering one? Do you have insights to share or unanswered questions? Or horror stories? Tell us.

    Meanwhile, the problems in the global supply chain have meant that some of the appliances, fixtures and materials you want in your ADU may not be available by the time youve gotten your permits and are ready to start construction. So if you dont line up everything in advance or if you change your mind midway through the project you could cause work to grind to a halt or drive up the price. Or both.

    Procurement has been really tricky over the last few years, Phillips said, citing shortages affecting doors, windows, cabinets and flooring. Sometimes youll find the perfect material, but its four-month back-ordered. ... Its possible to get it, but at what cost?

    Because time is money in the construction business, Zariadnov said, its important not to let your project fall onto anyones back burner not your designers, not your local planning and building officials, and not your builders. My biggest advice, he said, would probably just be to stay on top of your own project. ... At least follow up every week, every other week, trying to check the status.

    Remember, though, that ADU projects involve the work of a host of local officials and building professionals, and it takes time to pull it all together. For some reason, Koutsouros of Culver City said, everyone seems to think construction will be quick, when in fact every aspect takes longer than expected from getting permits to obtaining materials to building the structure.

    I dont know what the contractors are telling their customers, he said.

    View post:
    What can go wrong when building an ADU? - Los Angeles Times

    Roofers LLC Celebrates Its 40th Year in Roofing – Yahoo Finance

    - April 29, 2023 by Mr HomeBuilder

    Greenville, April 25, 2023 (GLOBE NEWSWIRE) -- Greenville, South Carolina -

    Roofers LLC, a roofing company based in Greenvile, SC, is proud to announce they are celebrating the companys 40th year in the business. The company provides residential roofing, commercial roofing, and emergency repair services. They are a comprehensive residential roofing company providing new roof installation, roof repair, full roof replacement, and roof maintenance. They also offer commercial roofing services such as roof maintenance, roof repair, re-roofing, and roof system installation. During emergencies, they can also provide fast response to fix any leaks that may cause additional damage inside the home or building.

    Roofers LLC also has an enviable overall rating of 5.0 out of 5 stars on Google. In a recent review, Camila R. gave them five stars and said, We had a pretty bad leak in our home that the restoration company suspected was due to the roof. I called 2 other roofing companies before Roofers LLC and both were 2 weeks out with appts. Roofers LLC came within 48 hours and once they realized the size of the job returned a few days later with additional workers and equipment and fixed the problem quickly! They went above and beyond to make sure it was fixed before rain came and were extremely friendly throughout the process. We are grateful for their hard work and will definitely use them again for any future roofing needs.

    Ethan Ledford from Roofers LLC says, We have been proudly serving The Carolinas since 1983. Our 5.0 overall rating on Google attests to our reliability and honesty as a roofing company. We have a BBB Rating of A+ and have been recognized by Home Advisor as Top Rated and as a provider of Elite Service.

    Those who want to know more about the achievements of this roofing company can visit the Roofers LLC LinkedIn profile. They want to point out that there are a number of factors that differentiate them from other roofing services providers in the Greenville area. These include quality, integrity, dedication, and their use of superior products.

    Story continues

    One of the priority services they focus on is emergency roof repair services for both residential and commercial buildings. They fully understand that when a roof is damaged by a storm or any other kind of disaster, such as hail, tornado, or strong winds, a quick response is a must to stop any leaks because leaks tend to worsen over time in addition to causing more damage inside the home or commercial building. The water that gets inside the home can ruin valuable possessions like furniture, documents, ceiling, walls, and more.

    Expert roof repair has to be provided as quickly as possible to minimize damages to the home or business. For emergency roof repair, they can deliver the appropriate remedies for: worn-out sealant; punctures; damaged flashing; damaged or missing shingle; corroded vertical slits; damaged vent boot; and broken plumbing vent boots.

    For those who are not sure if their roof needs repair, they can call Roofers LLC and schedule a free roof inspection. One of their roofing experts will provide a thorough and detailed inspection of the property and offer the best possible advice if there a need to repair the roof.

    Established in 1983, Roofers LLC is a licensed general contractor that has gained the reputation of being one of the most reliable roofing companies in South Carolina. They treat each home or business that hires their roofing services as if it were their own. This assures clients that they will get the best quality services. Furthermore, they are a fully bonded, insured and licensed roofing company, ensuring clients peace of mind. Their team of professional roofers are dedicated to exceeding customer expectations for any roofing service they provide.

    Those who are interested in the roofing services of Roofers LLC can connect with them through their website, visit their main office at 1427 Laurens Rd L, Greenville, SC 29607 or contact them on the phone at (864) 740-1691 or through email. Those who need driving directions to Roofers LLC can visit their Google Maps page.

    ###

    For more information about Roofers LLC, contact the company here:

    Roofers LLCEthan Ledford(864) 740-1691ethan@roofersllc.com1427 Laurens Rd LGreenville, SC 29607

    Visit link:
    Roofers LLC Celebrates Its 40th Year in Roofing - Yahoo Finance

    Pennsylvania Roofing Contractor Charged with 18 Counts of … – Roofing Contractor

    - April 29, 2023 by Mr HomeBuilder

    A roofing company faces criminal complaints from the Pennsylvania Department of Labor & Industry [L&I] over multiple alleged violations of the Pennsylvania's Child Labor Act.

    According to a release from the department, an L&I investigation concluded that Samuel M. Lapp, owner of S&L Roofing, Gutters & Siding of Perry County, employed two minors (ages 12 and 15) for work on second-story roofs in Lower Paxton Township and Susquehanna Township.

    The criminal complaints detail 18 counts, including allowing minors to work in hazardous occupations, particularly roofing, over several shifts and for extended hours. Pennsylvania's Child Labor Act prohibits children from working in hazardous occupations like roofing. Lapp is also charged with violating Section 11 of the Child Labor Act by failing to maintain accurate employee records upon request by L&I.

    Pennsylvania's Child Labor Act regulates the employment of minors under 18. The law outlines maximum hours and permissible working times, while prohibiting minors from working in hazardous occupations. Minors under age 14 may not be employed or permitted to work in any occupation, except as golf caddies, delivering newspapers, as a youth sports official, in a performance, on farms or in domestic service in private homes.

    The alleged violations carry a potential $500 fine for each count, according to the L&I. All charges are accusations and the defendant is presumed innocent unless and until proven guilty.

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    Pennsylvania Roofing Contractor Charged with 18 Counts of ... - Roofing Contractor

    VIDEO: Roofers Need to Protect Intellectual Property – Roofing Contractor

    - April 29, 2023 by Mr HomeBuilder

    Roofing contractors can always do a better job of protecting the parts of their business that drive their success, whether that be a leading salesperson, engaging marketing strategy or internal workflow process. Add intellectual property to the list, said RC Legal Insights expert Trent Cotney in this latest Legal Insights video.

    Cotney, of Adams and Reese, explained that trademarks, patents and other legal documentation is often overlooked by roofers that dont quite understand the importance of staying vigilant with their own intellectual property. That can include the companys name, logo, slogan, and business processes, when applicable. He recounted a recent call from a contractor that forgot to renew his annual corporate information for his business license. Another contractor swept in and began using it to generate business, creating quite a legal mess for the initial roofer. He did not formally trademark his business name with the state or federal authorities.

    The process can be a little lengthy, and detailed, but it makes your argument a lot stronger if you do have one, Cotney said in this brief episode.

    More here:
    VIDEO: Roofers Need to Protect Intellectual Property - Roofing Contractor

    Bad Weather Restoration LLC Explains The Importance of Timely … – Digital Journal

    - April 29, 2023 by Mr HomeBuilder

    PRESS RELEASE

    Published April 28, 2023

    Bad Weather Restoration LLC is a top-rated roofing contractor. In a recent update, the agency advised clients on the importance of timely roofing services.

    West Monroe, LA - In a website post, Bad Weather Restoration LLC mentioned the importance of timely roofing services.

    The best roofing company West Monroe has, amplified that homeowners will avoid potential health problems by pursuing timely roofing services.

    The team clarified that a leaky roof causes a significant growth of mildew and mold. This is not only dangerous to the structural integrity of your property; it has serious health implications to homeowners.

    They noted that timely roofing services can save the life of a homeowner and their roof structure.

    Also, the group added that timely roofing replacement West Monroe project improve its functionality and performance.

    They emphasized that while several property owners often overlook roof maintenance, routine roof replacement and repairs save homeowners money and guarantee better functionality. They added that a regularly maintained roof is less likely to leak, protecting the family during any weather.

    Furthermore, the experts maintained that timely roofing West Monroe services guarantee durable protection. The agency pronounced that timely roofing services like repairs provide homeowners with the safety and peace of mind they deserve.

    However, they warned property owners against DIY when it comes to roofing projects. They advised relying on a fully equipped roofing contractor ensures that the project is performed to the highest industry standards and within budget.

    About Bad Weather Restoration LLC

    Bad Weather Restoration LLC is a reliable roofing company committed to excellent roofing services in Los Angeles.

    As a trusted name in the insurance restoration industry, Bad Weather Restoration LLC specializes in roofing installation, wind-damage repairs, replacement, and emergency tarping services.

    Their unmatched services make them confident they are the best bet to cater to all roofing project needs, including wood rot replacement.

    Media ContactCompany Name: Bad Weather Group LLCContact Person: Brian ThigpenEmail: Send EmailPhone: (318) 618-6587City: West MonroeState: LA 71291Country: United StatesWebsite: https://goraintightroofing.com/

    More here:
    Bad Weather Restoration LLC Explains The Importance of Timely ... - Digital Journal

    McConnaughhay Roofing gifts new roof to Ottawa VFW – Shaw Local News Network

    - April 29, 2023 by Mr HomeBuilder

    A job that took three days for McConnaughhay Roofing to complete saved the Ottawa VFW years.

    The Ottawa roofing company, in conjunction with Ottawa Roofer Union Local 11, recently replaced the roof of the Ottawa VFW hall a project that would have cost nearly $50,000 at no charge to the veterans fraternal organization.

    What we did for them is pebbles compared to what theyve done for us, so this is something were more than happy to do. Were happy to help the men and women whove served.

    Jamie McConnaughhay, the company foreman and son of the owner, Keith McConnaughhay, said he and some of their workers would stop in to the hall at 1501 La Salle St. after work and couldnt help but notice they were having some pretty bad leaks. The VFW workers even had to put buckets down to catch the rains slipping through the aged, damaged roof.

    Wed been doing some repair work for them over the years, but it just got to a point where the roof just couldnt be repaired anymore, Jamie McConnaughhay said. Seeing buckets sitting there with water flowing in, that doesnt float with me, not for them.

    McConnaughhay went to his father for the OK to provide some materials and manpower, and solicited some help from the roofers local as well. Together, it took them about three days to complete the project, but it would have taken the VFW years to save up to undertake.

    We knew their memberships were down, Jamie McConnaughhay said, and, just like everyone else, they were struggling to find funding for a project of that scale

    What we did for them is pebbles compared to what theyve done for us, so this is something were more than happy to do. Were happy to help the men and women whove served.

    VFW post commander Mike Gladd said the organization has received help from so many, including the city of Ottawa, Illinois Valley Plumbing and other veterans clubs, such as the American Legion. The first step was to upgrade the restroom area and, with that now done, attention was turned to the roof, a project that had been in talks for nearly five years but seemed financially out of reach.

    The McConnaughhay gesture came just in the nick of time.

    Thank God for Jamie and Keith and the union guys who did this for us, Gladd said. With the finances and the difficulties weve had that we were shut down for a while, it took a lot just to get the doors back open Once we reestablished ourselves, we started figuring out what needed to be done, prioritize things as far as the infrastructure goes.

    But my conversations with Jamie came to this and thank God, they came up with a game plan, the materials and the help of a few labor unions, all donated. God love them all because we werent sure what we were going to do. They stepped up and came through for us. To be honest, it brought a tear to my eye.

    Times have changed in this country and people dont help each other the way they used to out of the goodness of their heart. Its discouraging but when something like this happens, it replenished by faith in humanity.

    See the original post:
    McConnaughhay Roofing gifts new roof to Ottawa VFW - Shaw Local News Network

    Roofing Contractor in Torrington CT Earns Five-Star Review – Digital Journal

    - April 29, 2023 by Mr HomeBuilder

    PRESS RELEASE

    Published April 28, 2023

    SJ Winn Construction, a roofing company serving Torrington, CT, takes pride in announcing they have earned another five-star review on Google where they have an overall rating of 4.8 out of 5 stars. This roofing contractor is GAF-certified and prides itself on providing high-quality residential roofing services, such as storm damage repair and restoration and roof replacement services in Torrington and nearby areas.

    Scott Winn, the owner of SJ Winn Construction, says, At first, the term Torrington roof replacement may send shivers of uncertainty down your spine and fears of empty bank accounts through your mind. But it doesn't have to be that way. With us at SJ Winn Construction, our experience and access to the country's highest-grade roofing materials ensure your replacement goes off without a hitch and surpasses your highest expectations.

    Since their roof replacement team is GAF-certified, SJ Winn customers can take advantage of the premium materials, a properly accredited and licensed roofing contractor, and the best warranties in the industry. It may be time for a roof replacement if the roof is aged or has suffered major damage that it is no longer worthwhile to have it repaired. Although a roof replacement is expensive, it may actually save the homeowner thousands of dollars in the future because if not, the damage may worsen and water getting through the roof can cause damage to valuable belongings inside the home and to the house itself.

    There are some indicators that the roof needs replacement. For instance, sunlight may now be going through the cracks or the roof has damaged flashing. Other signs include: water leaking from the roof; the roof is so old that it is no longer supported by its warranty; and there are many missing shingles or tiles. It should be noted that ultimately, the decision to have the roof replaced should come from a professional roofing specialist just like the members of the SJ Winn Construction team. With their experience and knowledge, they can easily spot even those small indicators that it is time to have the roof replaced.

    In the above-mentioned SJ Winn Construction customer review, the customer said, Scott and crew replaced a roof from an insurance claim. They did an excellent job and at all times were timely, professional, and knowledgeable. If you plan on hiring a company to work on an insurance claim, definitely speak with Scott and get him involved, he's very good and savvy at dealing with them. Highly recommend.

    Storms and hurricanes are common in Connecticut, which is why SJ Winn Construction often provides storm damage restoration to homeowners in the area. Whether the roof was damaged by the strong winds or a tree branch falling on the roof, they can provide the necessary repair to make sure that the roof can protect the home again. The first thing that they will do is conduct a roof inspection to determine the extent of the damage. They will perform a thorough inspection, looking for leaks, water damage, worn-out areas, and damaged, missing or loose shingles. After the inspection, they will provide a free estimate and once the client approves it, they will perform the roof repair.

    Established in 2007, SJ Winn Construction, which is based in Winsted, CT, offers roofing services to their local neighborhood and surrounding areas, including Torrington. They offer different types of roofing services, including roof replacement, roof inspection, and storm damage restoration. They are a GAF-certified contractor, ensuring that homeowners and other property owners will have peace of mind knowing that they are properly insured and licensed roofing professionals. This certification indicates that customers are provided with the best warranties available in the industry and they can use the most premium roofing materials available in the country, offering customers extra protection against UV, storms, and ice.

    Those who are interested in services for roofing in Torrington CT and nearby areas can visit the SJ Winn Construction website or contact them by phone or via email. They are open from 8:00 am to 4:00 pm, from Monday to Saturday.

    ###

    For more information about SJ Winn Construction, contact the company here:

    SJ Winn ConstructionScott Winn860-379-8863[emailprotected]156 Torrington Rd., Winsted,Connecticut 06098

    Press Advantage is a Full-Service Press Release distribution service. Learn more at PressAdvantage.com

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    Roofing Contractor in Torrington CT Earns Five-Star Review - Digital Journal

    Analysts Estimate Beacon Roofing Supply (BECN) to Report a Decline in Earnings: What to Look Out for – Yahoo Finance

    - April 29, 2023 by Mr HomeBuilder

    Beacon Roofing Supply (BECN) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

    The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 4. On the other hand, if they miss, the stock may move lower.

    While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

    Zacks Consensus Estimate

    This roofing materials distributor is expected to post quarterly earnings of $0.62 per share in its upcoming report, which represents a year-over-year change of -30.3%.

    Revenues are expected to be $1.78 billion, up 5.5% from the year-ago quarter.

    Estimate Revisions Trend

    The consensus EPS estimate for the quarter has been revised 0.52% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

    Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

    Earnings Whisper

    Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

    The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

    Story continues

    Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

    A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

    Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

    How Have the Numbers Shaped Up for Beacon Roofing?

    For Beacon Roofing, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.20%.

    On the other hand, the stock currently carries a Zacks Rank of #3.

    So, this combination makes it difficult to conclusively predict that Beacon Roofing will beat the consensus EPS estimate.

    Does Earnings Surprise History Hold Any Clue?

    Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

    For the last reported quarter, it was expected that Beacon Roofing would post earnings of $1.16 per share when it actually produced earnings of $1.22, delivering a surprise of +5.17%.

    Over the last four quarters, the company has beaten consensus EPS estimates four times.

    Bottom Line

    An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

    That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

    Beacon Roofing doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

    Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

    Beacon Roofing Supply, Inc. (BECN) : Free Stock Analysis Report

    To read this article on Zacks.com click here.

    Zacks Investment Research

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    Analysts Estimate Beacon Roofing Supply (BECN) to Report a Decline in Earnings: What to Look Out for - Yahoo Finance

    Zenith Roofing’s Innovative Business Card Security Feature: A New Era of Trust and Safety for Homeowners – EIN News

    - April 29, 2023 by Mr HomeBuilder

    Zenith Roofing: Expert roofing solutions with a focus on customer security. Ensuring top-quality work & peace of mind. #ZenithSecure

    Victor Zenith - CEO

    The security feature incorporated into Zenith Roofing's business cards utilizes QR code technology, offering an instant, seamless, and secure method for identity verification. When scanned with a smartphone or compatible device, the QR code directs the homeowner to a secure web page displaying the contractor's photograph, name, and credentials. This quick and easy process provides homeowners with the peace of mind they need when dealing with strangers at their door, especially in today's uncertain times.

    Zenith Roofing understands that the safety and security of their customers are paramount. The integration of this QR code-based security feature is the company's latest initiative to prioritize customer well-being while maintaining the highest levels of professional service. The company's CEO, Victor I. Zenith, shared his thoughts on the new security feature:

    "With the recent increase in doorstep shootings and growing concerns about the safety of allowing strangers into one's home, we felt it was our responsibility to provide a solution that would give our customers peace of mind. Our business card security feature is designed to address these fears and ensure the safety of our customers while fostering trust and confidence in our services."

    Zenith Roofing's commitment to customer safety and satisfaction has earned them a stellar reputation in the roofing industry. The company's team of experienced and certified professionals is dedicated to providing top-quality roofing services, tailored to each customer's unique needs. By integrating this security feature into their business cards, Zenith Roofing is reinforcing their promise to protect and serve their clients in every possible way.

    In addition to the security feature, Zenith Roofing continues to offer a comprehensive range of services, including roof installation, repair, and maintenance for both residential and commercial properties. The company is known for using high-quality materials and employing industry-leading techniques to ensure the longevity and durability of their roofing projects. Their customer-centric approach, combined with their dedication to quality and safety, has made Zenith Roofing the go-to choice for homeowners and businesses alike.

    This pioneering move by Zenith Roofing is expected to set a new standard in the industry, as other companies will likely follow suit by incorporating similar security features to protect their customers and build trust. In a world where doorstep violence is a genuine concern, Zenith Roofing's innovative solution is a game-changer, providing homeowners with a much-needed sense of security while reinforcing the company's commitment to excellence in service.

    For more information about Zenith Roofing and their groundbreaking business card security feature, please visit them on Facebook or contact the company directly at (404) 769-7805. Stay up-to-date with Zenith Roofing's latest news and announcements by following them on social media platforms, including Twitter and LinkedIn.

    About Zenith Roofing:

    Zenith Roofing is a premier roofing company with years of experience in providing exceptional roofing solutions to residential and commercial clients. As a trusted industry leader, Zenith Roofing is dedicated to delivering top-quality services while prioritizing customer safety and satisfaction. The company's innovative approach to addressing client concerns, such as the integration of the QR code-based security feature, has solidified Zenith Roofing's reputation as a trailblazer in the roofing industry.

    *Contact Information: vzenith@zenith-ga.com

    Victor ZenithZenith Roofingvzenith@zenith-ga.comVisit us on social media:Facebook

    Read the rest here:
    Zenith Roofing's Innovative Business Card Security Feature: A New Era of Trust and Safety for Homeowners - EIN News

    Imperial Capital Launches Skyline Roofing Partners in Partnership with Dan Reed as Founding CEO – Yahoo Finance

    - April 29, 2023 by Mr HomeBuilder

    TORONTO, April 24, 2023 /PRNewswire/ -Imperial Capital alongside industry veteran Dan Reed is pleased to announce the launch of Skyline Roofing Partners, the nation's newest residential services company dedicated to building a world-class platform of residential roofing and exterior services brands. Driven by a passion for outstanding customer service, Skyline was co-founded by Dan Reed who saw an opportunity to partner with owners to accelerate their growth and carry on their legacy.

    Skyline Roofing Partners Logo (CNW Group/Imperial Capital Group Ltd.)

    Dan Reed is an accomplished executive with an exceptional track record in the roofing industry. As the former CEO of ANGI Roofing (also known as Total Home Roofing), he successfully grew the company to become one of the largest residential roofing contractors in the country.

    "We see tremendous opportunity within the residential roofing sector and we founded Skyline Roofing Partners with a commitment to build a world-class multi-regional company" said Eugene Polevoy, Principal at Imperial Capital, Skyline's capital partner. "We are excited to be working alongside Dan who brings with him a breadth of industry experience and embodies Skyline's philosophy of acting in the best interest of our partners, employees and customers."

    "I am excited to join Skyline Roofing Partners as the founding CEO as we seek to acquire the nation's leaders in residential roofing and exterior services," said Dan Reed. "Skyline was built on the belief of putting our people first, including our partners. We can provide succession plans to preserve owners' legacies and allow them to maximize their economic outcome in the process."

    With an unwavering commitment to excellence, Skyline plans to invest in its corporate infrastructure to support future growth and will deploy a multi-pronged acquisition focused growth strategy.

    For further information on Skyline Roofing Partners, visit http://www.skylineroofingpartners.com.

    Story continues

    For further information on Imperial Capital, visit http://www.imperialcap.com.

    About Imperial Capital

    Toronto-based, Imperial Capital is a leading mid-market private equity firm investing from its US$800 million Fund VIII. Imperial Capital is focused on North American opportunities to build or acquire growth-oriented platforms in targeted industry niches within healthcare, business services and consumer services industries. Imperial Capital combines its deep industry focus, active portfolio management and strong partnerships with experienced industry executives to offer a differentiated approach to investing.

    Imperial Capital Logo (CNW Group/Imperial Capital Group Ltd.)

    Cision

    View original content to download multimedia:https://www.prnewswire.com/news-releases/imperial-capital-launches-skyline-roofing-partners-in-partnership-with-dan-reed-as-founding-ceo-301805689.html

    SOURCE Imperial Capital Group Ltd.

    Read the original here:
    Imperial Capital Launches Skyline Roofing Partners in Partnership with Dan Reed as Founding CEO - Yahoo Finance

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