Beacon Roofing Supply

Up against a strong comparison quarter, the specialty distributor saw total sales gain in its first quarter as organic sales declined.

Dallas-based Roofing Supply Group is opening up two new locations on the West Coast -- one in McClellan Park, California and one in Woodinville, Washington.

The roofing supplies distributor now stands at 19 locations in the Western U.S., where it is currently making moves to expand.

Both will retire on Feb. 9, 2016 at the expiration of their current terms.

This is the sixth branch the company has opened so far this year.

The roofing and building supply giant draws executive talent from Marriott and Airgas

Peabody, Mass.-based Beacon Roofing Supply posted a second-quarter net loss of $0.2 million, compared with net income of $3.1 million in the same quarter last year.

Sales increased 5.3% to $416.3 million in the quarter.

CEO Paul Isabella described the second quarter as "challenging."

He added: "We experienced harsh weather conditions in many of our markets, and we were up against a very strong second quarter last year when our existing market sales were up 28%." 

Beacon Roofing Supply reported what it referred to as "record third-quarter sales," which were up 5.8% year-over-year.

Net sales for the three months ended June 30, 2014, totaled $663.4 million, compared with $627.2 million in the same period last year.

Net income came in at $26.8 million, down slightly from $27.2 million year-over-year. The company's bottom line was negatively impacted by lower gross margins from reduced selling prices.

The third quarter diluted EPS was also down slightly -- weighing in at $0.54 (compared to $0.55 in 2013).

Beacon Roofing Supply is moving its corporate headquarters from Peabody, Mass., to its Herndon, Va., corporate offices at 505 Huntmar Park Dr.

Beacon president and CEO Paul Isabella cited the start of the 2014 fiscal year, as well as the recent appointment of CFO Joe Nowicki, as fortuitous circumstances for relocation.