Beacon Roofing Supply, Inc. - Company Research Report

Company Overview

• Name: Beacon Roofing Supply, Inc.

• Mission of the Company: Beacon Roofing Supply is dedicated to empowering contractors to build more efficiently and successfully by providing access to roofing and building materials.

• Founded: 1928

• Founder(s): Originally based in Charlestown, Massachusetts

• Key People:

• No specific key individuals have been mentioned in the provided data.

• Headquarters: Herndon, Virginia, USA

• Number of Employees: Over 8,000 employees

• Revenue: $9 billion in 2023

• Known for: Beacon is a leading publicly traded distributor of roofing, waterproofing, and related exterior products in the United States and Canada. The company supports contractors by offering an extensive network and advanced digital tools to streamline their business operations.

Products

Beacon Roofing Supply provides a comprehensive range of building and roofing materials.

• Roofing Products:

• Residential Roofing: Products include GAF, IKO, Malarkey Roofing Products, Asphalt, Metal, Wood, Tile, and Slate Roofing.

• Commercial Roofing: Brand offerings include Elevate, PVC, TPO, EPDM, Built-Up, Low Slope Metal, and Modified Roofing Systems.

• Roofing Accessories: Includes Underlayment, Flashings, Ventilation, Adhesives, Fasteners, Weatherproofing Supplies.

• Insulation Products:

• TRI-BUILT® Polyiso, Coverboard, Extruded Polystyrene (XPS), Expanded Polystyrene (EPS), and more.

• Waterproofing Products:

• Offerings include solutions such as Above and Below Grade Waterproofing, Air & Vapor Barriers, Deck & Floor Coatings, and Sealants.

• Building Supplies & Materials:

• Products include siding (CertainTeed, LP® SmartSide®, James Hardie), deck & railing systems, and exterior materials.

• Key Features of Products:

• Beacon PRO+®: An innovative platform to make product ordering and account management seamless.

• Tri-Built®: A competitive line of roofing, siding, and accessory products designed to work within contractors' budgets.

Recent Developments

• Product Features and Innovations:

• Beacon’s focus includes strategic investments in technology to enhance customer service and deliver efficiently across its broad network.

• They have a modern fleet of over 3,000 trucks to deliver across over 580 locations.

• Partnerships and Collaborations:

• Beacon is participating in "Operation Raise the Roof," demonstrating their commitment to community support and infrastructure.

• Price Changes:

• Incremental price changes were announced across residential and commercial roofing products between April and June 2024.

• Corporate Social Responsibility:

• Beacon aims to support communities through various national charitable organizations. They have set a goal to reduce greenhouse gas emissions intensity by 50% by 2030.

• Beacon also runs a comprehensive employee wellness program to ensure health and safety are core to their mission.

• Sustainability Initiatives:

• Investing in electric vehicle fleet pilots as part of their effort to lessen environmental impact.

• Corporate Values:

• They emphasize essential company values such as safety, customer empowerment, doing the right thing, taking ownership, and continuous improvement.

This structured overview details Beacon Roofing Supply's extensive product offerings, business framework, and recent strategic initiatives.