Articles Tagged with ''quarterly report''

Owens Corning reported $11.0B in 2024 sales and $2.0B adjusted EBIT, despite a Q4 net loss of $258M, as strategic moves, acquisitions, and divestitures reshape its future.

PIMA’s Q4 2024 Reroofing Market Index shows steady demand but rising costs and supply chain issues. With slowing growth, regional disparities, and softening inquiries, contractors face a cautious 2025.

Asphalt roofing shipments dipped in Q4 2024, continuing a seasonal trend, but the year saw record highs in several categories, including the strongest year for U.S. shingle shipments since 2017 despite growing interest in roofing materials like metal.

Angi’s 2024 report reveals homeowners find roofing contractors essential yet costly, with trust issues, including contractor reliability and workmanship, persistent; but it’s not all bad.

Beacon opened greenfield locations in Arnold, Mo. and Lebanon, Tenn. and acquired two Massachusetts-based suppliers in the fourth quarter.

Owens Corning exceeded Q3 2024 estimates with strong earnings and net sales, driven by strategic shifts to high-margin products and divestments, achieving $4.38 EPS, $3.05B in sales, and improved cash flow despite market challenges. 

Beacon reported Q3 2024 net income of $145.3 million, with an adjusted EPS of $2.80, missing analyst expectations of $2.88; despite lower activity, CEO Julian Francis emphasized strong demand and effective margin management. 

Shipment numbers for shingles, BUR and modified bitumen have shrank when comparing the third quarter to Q2 2024, according to the latest report from the Asphalt Roofing Manufacturers Association.

The Home Depot saw a bump in revenue, part of which it credits to the $1.3 billion acquisition of SRS Distribution, the company said in its first earnings report since closing the deal.

Owens Corning reported Q2 earnings of $4.64 per share, beating estimates and up 10% from the same period a year earlier.