Beacon, Herndon, Va., distributor of roofing, waterproofing and exterior products, reported third-quarter sales were $2.77 billion, a 7.3% increase from the same period in 2023.
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Sales for the first nine months of 2024 increased to $7.36 billion, 7.9% from the prior year.
Profit was $145.3 million for the third quarter ending Sept. 30, compared to $161.3 million during the same period in the prior year. Profit for the first nine months of 2024 was $278.1 million, down from $339.9 million in 2023.
Residential roofing product sales increased 2.3% in the third quarter. Nonresidential roofing product sales increased 9.4% and complementary product sales increased 17.2% compared to the prior year.
“Beacon’s third-quarter results demonstrated the resilience of our business model and the team’s strong execution on our Ambition 2025 initiatives,” said Julian Francis, Beacon’s president and CEO. “We have, once again, shown that we can grow in any environment. The majority of our demand is underpinned by non-discretionary repair and reroofing, which remained solid in the third quarter.”
