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Rogers Roofing - TOF.jpg
Private Equity

Rogers Roofing Sells to Portfolio Firm Vertex Service Partners

The deal, brokered by M&A advisor Generational Equity, closed in April but was just announced
Roofing Contractor
Roofing Contractor Staff
August 8, 2023
No Comments

Generational Equity facilitated the sale of Rogers Roofing, Inc., a Hammond, Ind.-based home roofing and remodeling company, to Vertex Service Partners, an Alpine Investors portfolio company; specific terms undisclosed, and the deal closed last April.


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tool-belt-roof

Connecticut Contractor Under Investigation After Allegedly Bilking Customers

Customers complaining of work never completed; contractor claims he's paying them back
Chris Gray, editor of Roofing Contractor and Roofing Supply Pro
Chris Gray
August 8, 2023
One Comment

The Department of Consumer Protection claims a contractor is accepting deposits for roofing jobs but never completing the work.


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Clay NY Mall - TOF 1.jpg
Roofing and Climate Change

Heavy Rains Collapse Roof at Mall in Syracuse, N.Y.

More rain in 12 hours than parts of eastern New York receives during an entire 'typical' August
Roofing Contractor
Roofing Contractor Staff
August 8, 2023
No Comments

Heavy rains on August 8 led to significant flooding in Syracuse, NY, causing a roof collapse at Great Northern Mall and widespread damage, with the Moyers Corners Fire Department responding to numerous calls for help; the rain is expected to ease today. 


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Roofing Alliance_Sustainability_TOF.jpg
Education News

Roofing Alliance Approves Funding for Sustainability and Resiliency Research, Developing Curricula

Research will aid industry documentation efforts and develop curricula leading to a ‘roofing minor’
Roofing Contractor
Roofing Contractor Staff
August 8, 2023
No Comments

The Roofing Alliance, the philanthropic and educational arm of the National Roofing Contractors Association, has approved funding for a three-year research project with Clemson University to focus on "Sustainability & Resiliency Efforts for the Roofing Industry."


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OC 2023 Q2 Earnings - TOF.jpg
Manufacturer News

OC Celebrates Impressive Q2 Earnings; Returns $160M in Dividends and Buybacks

Construction materials bellwether reports $2.6 in net sales and $3.78 earnings-per-share
Bryan Gottlieb
Bryan Gottlieb
August 7, 2023
No Comments

Owens Corning operates like a well-oiled machine: reporting net sales of $2.6 billion, similar to the prior year-over-year quarter, and returning $160 million to shareholders through dividends and stock buybacks.


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Memphis Police - TOF.jpg
Crime Blotter

Thieves Climb on School Rooftop, Steal Copper Wiring

Suspects charged with theft and possession of drug paraphernalia
Roofing Contractor
Roofing Contractor Staff
August 7, 2023
No Comments

Two individuals were arrested for allegedly stealing copper wire from a school building's air conditioning unit in North Memphis, Tenn., and were also found to possess drug paraphernalia; both are set to appear in court on August 7. 


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Beacon 2023 Q2 Earnings Report - TOF.jpg
Distributor News

Beacon Outpaces Wall Street's Expectations in Second Quarter Earnings Report

Shares closed down slightly at the market close but recovered somewhat in after-hours trading
Roofing Contractor
Roofing Contractor Staff
August 5, 2023
No Comments

Beacon announced Q2 2023 results, beating Wall Street estimates slightly with earnings of $2.5 billion; the company attributed the sales increase to higher prices, acquired branches, and strategic investments


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MRA Best Residential 2022 Q2

IRE Teams Up with Metal Associations to Bring 'Metal Roofing Clinic' to 2024 Event

Roofing Contractor
Roofing Contractor Staff
August 4, 2023
No Comments

The clinic will offer IRE Attendees access to industry experts who can walk them through the benefits, methods and types of materials used in metal roofing installation.


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Tesla - Solar Roof

Tesla Experiences Drop in Solar Deployments in Q2 2023

Quarterly deployments remained stagnant while energy storage remained at all-time highs
Chris Gray, editor of Roofing Contractor and Roofing Supply Pro
Chris Gray
August 4, 2023
One Comment

Tesla's year-over-year solar deployments dropped by nearly 40%, though its energy storage deployments saw massive increases.


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OSHA Safe and Sound 1 - TOF.jpg
Worker Health

OSHA Rolls Out ‘Safe + Sound’ Week Aug. 7-13

This year’s focus will be on mental health and well-being
Roofing Contractor
Roofing Contractor Staff
August 4, 2023
No Comments

During the Labor Department's 'Safe + Sound Week,' Aug. 7-13, 2023, the Occupational Safety and Health Administration will collaborate with businesses nationwide to promote workplace safety and health programs, focusing on mental health and well-being.


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