Aug. 11, 2022
Increased Pricing Boosts Beacon Sales
Beacon had net sales of $2.36 billion for the second quarter of 2022, an increase of 26 per cent versus net sales of $1.87 billion in the second quarter of 2021. Sales increased across all three lines of business driven by the successful implementation of price increases, says the company. Higher demand in residential roofing and complementary products also contributed to the growth. Residential roofing product sales increased 21.9 per cent year-over-year, non-residential roofing product sales increased 40.3 per cent, and complementary product sales increased 18.7 per cent. Overall net income from continuing operations was $174.5 million for the quarter compared to $79.8 million in the prior year period.