Beacon opens new California and Texas branches
Roofing and building products distributor Beacon has opened new locations in Riverside, California and Houston, Texas.
The new Riverside branch is in the Inland Empire region of Southern California.
“This area is one of the fastest-growing population centers in the U.S. and we are pleased to serve contractors from our Riverside, San Bernardino and Norco branches which operate as a Beacon OTC network,” said Nevin Holly, Beacon’s regional vice president, Pacific. “Customers have access to our full catalog of products and are assured on-time delivery so that they can grow their businesses.
The new branch in Houston is right along the busy 288 corridor between Interstates 69 & 610, south of the city.
“This location adds another lever for us to serve our Houston customers,” said Peter Lippert, Beacon regional vice president, Texas. “The Houston Beacon OTC network is now seven branches strong allowing us to differentiate on service and product range to make the customer experience second to none.”
Beacon has opened 21 greenfields and completed 9 acquisitions to date in 2023.
At the start of November, Beacon announced it had acquired H&H Roofing Supply in Bakersfield, California.
Based in Herndon, Virginia, Beacon operates over 500 branches throughout all 50 U.S. states and 6 provinces in Canada.
Expansion efforts have played a part in Beacon's financial performance this year.
Net sales at Beacon climbed 7% to $2.58 billion in the third quarter from sales of $2.42 billion in the third quarter last year.
The latest figure from Beacon marks a new company record for quarterly net sales.
The Herndon, Virginia-based company said the increase was driven by acquired branches and greenfields opened during the last four quarters.
Residential roofing product sales increased 13.6% in the third quarter while the company posted a net income of $161.3 million for the quarter, a 4.2% increase from a net income of $154.8 million in the prior third quarter.
