Beacon Roofing Supply Beats on Both Top and Bottom Lines

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