Beacon's growth reflected in its Q1 2022 earnings
On May 5, 2022, Beacon released its Q1 2022 earnings in which the company reports strong growth in its sales. The company's sales increased to $1.6 billion which is a 28.0% increase from the same time last year. The company cited that its roofing segment had increased at a high rate of 47.9% The company cited how this aligns with the company's larger goals in its Ambition 2025 plan as it remains optimistic in the long run on the company's financial performance.
Balance SheetIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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