Beacon Roofing Supply Inc. Q2 Earnings Summary

(RTTNews) - Beacon Roofing Supply Inc. (BECN) announced a profit for its second quarter that increased from the same period last year in line with the Street estimates.

The company's earnings totaled $168.5 million, or $2.12 per share. This compares with $70.5 million, or $0.87 per share, in last year's second quarter.

Excluding items, Beacon Roofing Supply Inc. reported adjusted earnings of $194.6 million for the period.

Analysts on average had expected the company to earn $2.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 26.2% to $2.36 billion from $1.87 billion last year.

Beacon Roofing Supply Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $168.5 Mln. vs. $70.5 Mln. last year. -EPS (Q2): $2.12 vs. $0.87 last year. -Analyst Estimate: $2.31 -Revenue (Q2): $2.36 Bln vs. $1.87 Bln last year.