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Beacon Roofing: Fiscal 4Q Earnings Snapshot

·1 min read

HERNDON, Va. (AP) _ Beacon Roofing Supply Inc. (BECN) on Thursday reported fiscal fourth-quarter earnings of $71.9 million.

On a per-share basis, the Herndon, Virginia-based company said it had net income of 83 cents. Earnings, adjusted for non-recurring costs, came to $1.30 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The roofing materials distributor posted revenue of $2.02 billion in the period, which met Street forecasts.

For the year, the company reported that its loss widened to $80.9 million, or $1.52 per share. Revenue was reported as $6.94 billion.

Beacon Roofing shares have risen 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $37.68, a climb of 9% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BECN at https://www.zacks.com/ap/BECN