Beacon Roofing Posts Higher Q3 Profit - Quick Facts

(RTTNews) - Beacon Roofing Supply Inc.'s (BECN) third-quarter net income grew to $27.2 million, or $0.55 a share, from $25.4 million, or $0.53 a share last year. Adjusted net income per share for the prior-year period was $0.62. On average, 13 analysts polled by Thomson Reuters expected earnings per share of $0.71 for the quarter. Analysts' estimates typically exclude one-time items.

Total sales for the quarter increased 11.9% to $627.2 million, from $560.5 million a year earlier. Analysts estimated revenues of $668.77 million for the quarter. Existing market (organic) sales, excluding branches acquired after the beginning of last year's third quarter, rose by 1.2%.