2024-05-24 04:02:23 ET
Summary
- Beacon Roofing Supply has grown to have 542 branches across the US and Canada, providing over 130,000 SKUs and serving almost 100,000 customers.
- Despite mixed financial performance, the stock has increased 67.6% in value, easily outperforming the S&P 500.
- BECN has ambitious plans for growth, including opening new facilities, increasing revenue from national accounts and acquisitions, and expanding digital channels.
- Shares are also cheap enough to warrant further upside from where they are today.
Well over a year ago, in September 2022, I performed my first-ever analysis into Beacon Roofing Supply ( BECN ). As the company's name suggests, the firm operates as a distributor of roofing materials, as well as of other complementary building products. With a market capitalization of $5.94 billion as of this writing, the firm may not seem all that large. However, over the 90 years that it has been operating, it has grown to have 542 different branches from which it conducts business, spread across all 50 states in the US, as well as throughout 7 provinces in Canada. The company provides over 130,000 SKUs, and it services almost 100,000 residential and non-residential customers....
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Beacon Roofing Supply: Shares Deserve More Upside After Shooting Through The Roof