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Beacon Expands Service With New Locations in Dallas, Seattle and Spokane

Retrieved on:

Mercredi, juin 12, 2024

Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Catalog, Glass, Region, BECN

It has also opened new locations in Everett, Washington and Spokane, Washington to support specialty waterproofing contractors.

Key Points:

It has also opened new locations in Everett, Washington and Spokane, Washington to support specialty waterproofing contractors.
“We now have nine locations in the metroplex to help contractors who want a convenient branch to pick up materials.
Beacon has opened ten new locations and completed four acquisitions that added 23 branches year-to-date in 2024.
Expanding our customer service with additional locations is an important element of our Ambition 2025 plan.

Beacon Releases Annual Corporate Social Responsibility Report

Retrieved on:

Vendredi, mai 31, 2024

Beacon (Nasdaq: BECN) (the “Company”) announced today that it has released its 2023 Corporate Social Responsibility (CSR) Report .

Key Points:

Beacon (Nasdaq: BECN) (the “Company”) announced today that it has released its 2023 Corporate Social Responsibility (CSR) Report .
This year’s report demonstrates our commitment to action and transparency on important environmental and social topics driven by the Company’s values.
“The past year has been a time of growth for Beacon, not only in terms of our geographic footprint and service offerings, but also in our determination to build better for our stakeholders.
Our 2023 CSR Report highlights that a strong, values-based culture is not only the outcome of our Ambition 2025 , but also a part of what makes the execution of this strategy possible,” said Julian Francis, Beacon’s President and CEO.

Beacon Expands Service In Providence and Toronto Markets

Retrieved on:

Jeudi, mai 23, 2024

Building Systems, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Ambition, BECN, Knowledge, GTA, Catalog, Greater Toronto Area

The new branch in Attleboro, Massachusetts adds residential and commercial roofing and complementary products and services in the Providence, Rhode Island metro and the southeastern Massachusetts markets.

Key Points:

The new branch in Attleboro, Massachusetts adds residential and commercial roofing and complementary products and services in the Providence, Rhode Island metro and the southeastern Massachusetts markets.
Adding this location brings better service to the local market where our commitment to customer success is well known.
This team’s knowledge and service commitment will help contractors save time and grow their businesses,” commented Charles Michaud, Beacon’s Regional Vice President, Canada.
Beacon has opened seven new locations, completed four acquisitions that added 23 branches year-to-date in 2024.

Beacon Announces Additional $225 Million Accelerated Share Repurchase Program

Retrieved on:

Vendredi, mai 10, 2024

Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Urban Planning, Ambition, Share repurchase, BECN, Growth, ASR

Beacon (Nasdaq: BECN) announced today that it has entered into an accelerated share repurchase agreement (“ASR”) with Citibank N.A to repurchase $225 million of Beacon’s common stock.

Key Points:

Beacon (Nasdaq: BECN) announced today that it has entered into an accelerated share repurchase agreement (“ASR”) with Citibank N.A to repurchase $225 million of Beacon’s common stock.
“Creating shareholder value is central to today’s announcement to continue share repurchases under our previously announced and authorized program,” said Julian Francis, President & CEO of Beacon.
“We continue to pursue our balanced capital allocation plan investing in growth and returns to shareholders.
Our Ambition 2025 plan has demonstrated our ability to do both and, at the same time, deliver on margin improvement and cash flow.

Beacon Announces Acquisition of Smalley & Company, a Regional Specialty Waterproofing Distributor

Retrieved on:

Mercredi, mai 1, 2024

Commercial Building & Real Estate, Construction & Property, Other Manufacturing, Building Systems, Chemicals, Plastics, Other Construction & Property, Manufacturing, Residential Building & Real Estate, BECN, Acquisition, Multimedia, Smalley

Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced the closing of the previously announced acquisition of Smalley & Company (“Smalley”), headquartered in Denver, CO. Smalley serves customers at eleven locations in Arizona, California, Colorado, Nevada, New Mexico, and Utah.

Key Points:

Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced the closing of the previously announced acquisition of Smalley & Company (“Smalley”), headquartered in Denver, CO. Smalley serves customers at eleven locations in Arizona, California, Colorado, Nevada, New Mexico, and Utah.
View the full release here: https://www.businesswire.com/news/home/20240430932354/en/
“Since 1967, Smalley has been providing contractors, design professionals, and owners with tailored sealant and waterproofing solutions.
Adding this industry-leading distributor to our growing Waterproofing Division demonstrates our steadfast commitment to grow our national platform.
Smalley’s customers will benefit from Beacon’s expanded service offerings while maintaining the local relationships built over decades,” said Martin Harrell, Beacon’s Division President, Waterproofing.

Beacon Appoints Prithvi Gandhi as Executive Vice President and Chief Financial Officer

Retrieved on:

Lundi, avril 22, 2024

Beacon (Nasdaq: BECN) announced today the appointment of Prithvi (Prith) Gandhi as Executive Vice President and Chief Financial Officer.

Key Points:

Beacon (Nasdaq: BECN) announced today the appointment of Prithvi (Prith) Gandhi as Executive Vice President and Chief Financial Officer.
Mr. Gandhi will join Beacon on May 1, 2024, and assume his role as Chief Financial Officer on or about May 6, 2024.
Prior to TAMKO, he served as Chief Financial Officer of Fast Radius, a 3D printing business that went public in 2022.
“I am very pleased to welcome Prith to the Beacon executive leadership team,” said Julian Francis, President and CEO, Beacon.

Beacon to Announce First Quarter 2024 Earnings on May 2, 2024

Retrieved on:

Jeudi, avril 18, 2024

Architecture, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Urban Planning, BECN

Beacon (Nasdaq: BECN) (the “Company”) announced today that its earnings results for the quarter ended March 31, 2024 will be released after market close on Thursday, May 2, 2024.

Key Points:

Beacon (Nasdaq: BECN) (the “Company”) announced today that its earnings results for the quarter ended March 31, 2024 will be released after market close on Thursday, May 2, 2024.
The Company will host a conference call and webcast to discuss its financial results at 5:00 p.m. Eastern Time that same day.
Analysts, investors and interested parties are invited to register and listen to the earnings call and view accompanying slides on the Company’s website at the below link.
Details for the earnings release event are as follows:

Beacon Announces Acquisition of General Siding Supply

Retrieved on:

Lundi, avril 15, 2024

Commercial Building & Real Estate, Construction & Property, Other Retail, Specialty, Building Systems, Home Goods, Supply Chain Management, Other Construction & Property, Retail, Residential Building & Real Estate, Multimedia, BECN, Sponheim family, Acquisition, Ambition

Beacon (Nasdaq: BECN) announced today that it has completed the acquisition of General Siding Supply (“General Siding”) headquartered at its Omaha, NE branch, with four additional branches located in Lincoln, NE, Grand Island, NE, Sioux City, IA and West Fargo, ND.

Key Points:

Beacon (Nasdaq: BECN) announced today that it has completed the acquisition of General Siding Supply (“General Siding”) headquartered at its Omaha, NE branch, with four additional branches located in Lincoln, NE, Grand Island, NE, Sioux City, IA and West Fargo, ND.
View the full release here: https://www.businesswire.com/news/home/20240412236560/en/
For nearly 50 years, General Siding has provided building supplies including siding, windows, and doors to Midwest contractors.
They will also gain access to Beacon PRO+ for online ordering and delivery tracking,” commented Jeff Spanheimer, General Siding’s President.
Beacon has completed three acquisitions adding twelve branches and signed a purchase agreement for a fourth acquisition to date in 2024.

Beacon Adds Service in Atlantic Canada and Minneapolis Markets

Retrieved on:

Lundi, avril 8, 2024

Other Manufacturing, Commercial Building & Real Estate, Construction & Property, Urban Planning, Chemicals, Plastics, Building Systems, Manufacturing, Architecture, Other Construction & Property, Residential Building & Real Estate, Knowledge, BECN, Population growth, Ambition, Acquisition, Catalog

The new branch in Dieppe, New Brunswick will serve the Atlantic Canada region.

Key Points:

The new branch in Dieppe, New Brunswick will serve the Atlantic Canada region.
“We are pleased to add service in our seventh Canadian province.
Contractors will appreciate our team’s knowledge and service commitment to help them grow their businesses,” commented Charles Michaud, Beacon’s Regional Vice President, Canada.
The new branch in Spring Lake Park, Minnesota adds residential and commercial roofing and complementary products and services in the north Minneapolis metro market.

Beacon Announces Agreement to Purchase Smalley & Company, a Regional Specialty Waterproofing Distributor

Retrieved on:

Mardi, avril 2, 2024

Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced today that it signed a purchase agreement to acquire Smalley & Company, headquartered in Denver, CO with eleven locations in Colorado, Arizona, California, Nevada, New Mexico and Utah.

Key Points:

Beacon (Nasdaq: BECN), the only publicly traded specialty roofing and complementary products distributor, announced today that it signed a purchase agreement to acquire Smalley & Company, headquartered in Denver, CO with eleven locations in Colorado, Arizona, California, Nevada, New Mexico and Utah.
Smalley is a privately held company, which is 100% owned by an Employee Stock Ownership Plan and Trust (“ESOP”).
Closing the contemplated transaction requires a majority vote of the plan’s Participants giving the ESOP Trustee authorization to approve the sale.
Smalley & Company has been providing contractors, design professionals, and owners with tailored sealant and waterproofing solutions since 1967.