Overview Key strengths Key risks U.S. roofing and building materials distributor benefiting from consistent, predictable demand tied to roof repair and replacement Operates within the highly competitive, fragmented roofing distribution industry Business model continues to produce positive operating cash flows The company generates about 70% of revenue from cyclical residential end-markets History of supplementing earnings growth through large volume of acquisitions S&P Global Ratings expects Beacon Roofing Supply Inc. (Beacon) will maintain mid-single-digit percentage revenue growth in 2024 supported by modest growth in residential and nonresidential end-markets as well as acquired revenue. Inflated material costs such as crude oil, asphalt, and lumber have allowed the company to generate sales growth through price increases as well. Beacon?s successful inflation pass-throughs have
