---
schema_version: "secwatch.filing_event.v1"
accession: "0001124941-24-000045"
form_type: "8-K"
ticker: null
cik: "0001124941"
company_name: "BEACON ROOFING SUPPLY INC"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:55:10.347175+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Beacon Q1 net sales record $1,912M but net income falls to $5.6M from $24.8M YoY

## Summary
- Record Q1 net sales of $1,912.4M, up 10.4% from $1,732.3M YoY; organic growth across all three lines.
- Net income dropped to $5.6M from $24.8M; adjusted EBITDA down to $103.1M from $113.0M.
- Gross margin contracted to 24.7% from 25.5% as operating expenses rose (22.4% of sales vs 22.0%).
- Acquired Smalley & Co. in April to expand specialty waterproofing; added 23 branches and 5 greenfields since Q4.
- CEO cites record sales and resilient model; Ambition 2025 initiatives ongoing (digital, private label, pricing).

## SEC filing metadata
- accession: 0001124941-24-000045
- form_type: 8-K
- cik: 0001124941
- company_name: BEACON ROOFING SUPPLY INC
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1124941/000112494124000045/0001124941-24-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1124941/000112494124000045/becn-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001124941-24-000045
- JSON: https://secwatch.observer/filing/0001124941-24-000045.json
- Plain text: https://secwatch.observer/filing/0001124941-24-000045.txt

## Key facts
- Earnings Releases
  BEACON ROOFING SUPPLY INC reported first quarter ended March 31, 2024 results: revenue $ 1,912.4, net income $ 5.6.
  - Period: first quarter ended March 31, 2024
  - Revenue: $ 1,912.4
  - Net income: $ 5.6
  - Result: reported results
  source text: First Quarter Financial Highlights Three Months Ended March 31, 2024 2023 (Unaudited; $ in millions, except per share amounts) Net sales $ 1,912.4 $ 1,732.3 Gross profit $ 473.2 $ 441.9 Gross margin % 24.7 % 25.5 % Operating expense $ 428.1 $ 381.3 % of net sales 22.4 % 22.0 % Adjusted Operating Expense 1 $ 403.5 $ 356.8 % of net sales 1 21.1 % 20.6 % Net income (loss) $ 5.6 $ 24.8 % of net sales 0.3 % 1.4 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1124941/000112494124000045/0001124941-24-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.