Beacon Roofing Supply sees sales soar

Total sales increased 99.3% at Beacon Roofing Supply, where growth was spurred by acquisitions, including RSG.

The company’s second quarter net sales reached $825.5 million, up from $413.2 million in the same quarter last year.

The company also posted a net loss of $5.7 million, compared to a net loss of $9.8 million in last year’s second quarter. Not counting the non-recurring RSG acquisition-related costs, net income would have been $1.7 million in the second quarter.

Growth came from our acquisitions, led by RSG, and organically through same-store sales and maturing greenfield operations,” said Paul Isabella, Beacon’s president and CEO.

He added: “The acquisition pipeline is more robust than ever, and we already have made three great acquisitions to start the third quarter.”