Beacon Roofing Supply

Beacon Roofing Supply has completed its acquisition of Dallas-based Wholesale Roofing Supply, a distributor of residential roofing materials.

With projected sales of about $34 million in 2014, WRS maintains a nine-acre facility in the Dallas suburb of Grand Prairie, serving the Dallas and Fort Worth areas.

WRS President Rick McLaughlin will remain onboard as leader of the unit after the transition is completed.

Beacon Roofing Supply, Inc. has acquired ProCoat Systems, Inc., a Colorado-based distributor of residential and commercial exterior building materials.

Tuesday limped along behind Monday's downturn, with Beacon Roofing Supply (BECN) falling 5.88% to a share price of $30.56.

Peabody, Mass.-based Beacon Roofing Supply reported fourth-quarter sales of $683.5 million, up 14.3% compared with the same quarter last year. 

In existing markets, residential roofing product sales increased 6.5%, non-residential roofing product sales increased 10.1%, and complementary product sales increased 5.0%.

A slew of new locations and acquisitions pushed sales to a record fourth-quarter level at Herndon, Va.-based Beacon Roofing Supply.

Total sales increased 6.3% in the quarter to $726.5 million, up from $683.6 million in the same quarter last year. Net income for the fourth quarter was $24.2 million, down from $24.7 million in the prior-year quarter.