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Beacon (BECN) Expands With AI's & Prince Building Buyouts
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Beacon Roofing Supply, Inc. (BECN - Free Report) acquired Al’s Roofing Supply, Inc. of Hayward, CA, and Prince Building Systems, LLC of Neillsville, WI. These two acquisitions are related to the residential line of business and are exciting additions as BECN moves toward achieving Ambition 2025 growth targets.
Al’s has been serving the San Francisco Bay Area for more than 40 years and operates four branches in Hayward, Newark, San Carlos and San Jose. Prince Building Systems has been serving lumberyard customers for more than 10 years in the Illinois, Iowa, Michigan, Minnesota and Wisconsin areas.
Acquisitions: A Boon
The company currently has been focusing on its Ambition 2025 targets (announced on Feb 24, 2022), which emphasize operational excellence, above-market growth trajectory and accelerated stockholder value creation. The financial targets of Ambition 2025 assume that sales will reach $9 billion (8% CAGR) and $1 billion of EBITDA (10% CAGR), which would translate into 11% EBITDA margins (up 100 basis points from 2021).
Beacon has undertaken several strategic initiatives to drive its long-term ambition of growing and enhancing the customer experience, expanding the top line and margin and boosting value for customers, suppliers, employees and shareholders. It made five acquisitions in 2022, leveling up to the Ambition 2025 strategic plan.
Image Source: Zacks Investment Research
Shares of Beacon — the largest distributor of residential and non-residential roofing materials in the United States and Canada — have gained 13.7% over the past three months against the industry’s 2.7% decline.
Zacks Rank & Key Picks
Beacon currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Retail-Wholesale sector are:
Chuy's Holdings, Inc. (CHUY - Free Report) currently sports a Zacks Rank #1 (Strong Buy). CHUY has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of CHUY have increased 41.7% in the past year.
The Zacks Consensus Estimate for Chuy’s Holdings 2023 sales and earnings per share (EPS) suggests growth of 10.8% and 19%, respectively, from the corresponding year-ago period’s levels.
The Zacks Consensus Estimate for Arcos Dorados’ 2024 sales and EPS suggests growth of 8% and 11.4%, respectively, from the year-ago period’s levels.
Bloomin' Brands, Inc. (BLMN - Free Report) presently flaunts a Zacks Rank #1. BLMN has a long-term earnings growth rate of 12.3%. The stock has gained 19.8% in the past year.
The Zacks Consensus Estimate for Bloomin' Brands 2024 sales and EPS suggests growth of 2.4% and 5.5%, respectively, from the year-ago period’s reported levels.
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Beacon (BECN) Expands With AI's & Prince Building Buyouts
Beacon Roofing Supply, Inc. (BECN - Free Report) acquired Al’s Roofing Supply, Inc. of Hayward, CA, and Prince Building Systems, LLC of Neillsville, WI. These two acquisitions are related to the residential line of business and are exciting additions as BECN moves toward achieving Ambition 2025 growth targets.
Al’s has been serving the San Francisco Bay Area for more than 40 years and operates four branches in Hayward, Newark, San Carlos and San Jose. Prince Building Systems has been serving lumberyard customers for more than 10 years in the Illinois, Iowa, Michigan, Minnesota and Wisconsin areas.
Acquisitions: A Boon
The company currently has been focusing on its Ambition 2025 targets (announced on Feb 24, 2022), which emphasize operational excellence, above-market growth trajectory and accelerated stockholder value creation. The financial targets of Ambition 2025 assume that sales will reach $9 billion (8% CAGR) and $1 billion of EBITDA (10% CAGR), which would translate into 11% EBITDA margins (up 100 basis points from 2021).
Beacon has undertaken several strategic initiatives to drive its long-term ambition of growing and enhancing the customer experience, expanding the top line and margin and boosting value for customers, suppliers, employees and shareholders. It made five acquisitions in 2022, leveling up to the Ambition 2025 strategic plan.
Image Source: Zacks Investment Research
Shares of Beacon — the largest distributor of residential and non-residential roofing materials in the United States and Canada — have gained 13.7% over the past three months against the industry’s 2.7% decline.
Zacks Rank & Key Picks
Beacon currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Retail-Wholesale sector are:
Chuy's Holdings, Inc. (CHUY - Free Report) currently sports a Zacks Rank #1 (Strong Buy). CHUY has a trailing four-quarter earnings surprise of 19.1%, on average. Shares of CHUY have increased 41.7% in the past year.
The Zacks Consensus Estimate for Chuy’s Holdings 2023 sales and earnings per share (EPS) suggests growth of 10.8% and 19%, respectively, from the corresponding year-ago period’s levels.
Arcos Dorados Holdings Inc. (ARCO - Free Report) currently sports a Zacks Rank #1. ARCO has a long-term earnings growth of 7.8%. Shares of the company have declined 2.8% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Arcos Dorados’ 2024 sales and EPS suggests growth of 8% and 11.4%, respectively, from the year-ago period’s levels.
Bloomin' Brands, Inc. (BLMN - Free Report) presently flaunts a Zacks Rank #1. BLMN has a long-term earnings growth rate of 12.3%. The stock has gained 19.8% in the past year.
The Zacks Consensus Estimate for Bloomin' Brands 2024 sales and EPS suggests growth of 2.4% and 5.5%, respectively, from the year-ago period’s reported levels.