Beacon (NASDAQ: BECN) released its fourth quarter and full year 2023 results yesterday after the close of trading, and you may have heard a champagne cork or two pop: the company reported better-than-expected results for the fourth quarter of 2023.
In a Feb. 28 news release recapping Tuesday’s earnings call, Beacon reported net sales growth for the trailing 12 quarters, reporting adjusted earnings per share of $1.72, topping Wall Street’s consensus mark of $1.69 by 1.8% and increasing 41% from the year-ago adjusted level of $1.22 per share.