secwatch.observer — SEC 8-K summary
======================================

Issuer:     BEACON ROOFING SUPPLY INC (—)
CIK:        0001124941
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001124941-24-000045
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124941/000112494124000045/0001124941-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124941/000112494124000045/becn-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001124941-24-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer