Beacon points to record performance

Beacon Roofing Supply reported records in a number of financial metrics -- including fourth-quarter sales and annual sales -- thanks to a year that saw the "industry transformative" acquisition of Roofing Supply Group.

Beacon's fourth-quarter sales increased 8.4% to $7878.7 million. Annual sales increase 8.1% to $2.515 billion. And fourth-quarter adjusted earnings per share grew 56.3% to $0.75.

"Today's earnings release is the culmination of a historic year for Beacon, both because of our record financial performance and our industry transformative acquisition of Roofing Supply Group," said Paul Isabella, president and CEO.

Net income in fiscal year 2015 was $62.3 million, compared with $53.8 million in 2014.

Herndon, Virginia-based Beacon acquired RSG on Oct. 1. The deal brought Beacon 85 new branches and over $1.2 billion in pro forma revenue. "We are making great progress with the integration process and are on track to achieve expected synergies targets in 2016 and beyond," Isabella said.

For the full year, residential roofing product sales increased 11.5%, non-residential roofing product sales increased 0.8%, and complementary product sales increased 15.6% over the prior year. Existing market sales, excluding acquisitions, increased 4.4% year to date.

Beacon operates 355 branches throughout 45 states in the U.S. and six provinces in Canada.