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Beacon Roofing Supply (BECN) investor relations material
Beacon Roofing Supply Q1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Entered into a definitive merger agreement with QXO, Inc.; transaction expected to close by end of April 2025, with shareholders to receive $124.35 per share in cash.
QXO completed $11 billion acquisition of Beacon, positioning itself as a leading tech-enabled distributor in the $800 billion building products industry.
Beacon reported Q1 2025 net sales of $1.91 billion, a 0.2% decrease year-over-year, and a net loss of $43.1 million, impacted by $37.7 million in one-time merger costs.
QXO's Q1 2025 revenue was $13.5 million, down 6.4% year-over-year, but net income rose to $8.8 million due to $56.6 million in interest income.
Adjusted EBITDA for Beacon fell to $82.2 million, while QXO's adjusted EBITDA turned negative at $(8.9) million due to higher costs and integration expenses.
Financial highlights
Beacon's net sales: $1,907.8 million in Q1 2025 vs. $1,912.4 million in Q1 2024.
Beacon's adjusted net income: $4.3 million in Q1 2025 vs. $26.6 million in Q1 2024; QXO's net income per share was a loss of $0.03.
Beacon's operating cash flow: $(135.2) million in Q1 2025 vs. $(140.8) million in Q1 2024.
QXO's software product revenue was $3.5 million (flat), service and other revenue $10.0 million (down 8.8%).
QXO ended the quarter with $5.1 billion in cash and equivalents.
Outlook and guidance
Merger with QXO expected to close by end of April 2025; if not completed, company may face significant disruptions and costs.
QXO targets $50 billion in annual revenues within the next decade through acquisitions and organic growth.
No share repurchases anticipated while merger is pending.
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- DNLM
Sales and profit rose, market share reached 7.7%, and margins improved despite a tough market. - 386
Profit fell 16% to RMB48.9B, but cost cuts and a 75% payout ratio were maintained. - 386
Net profit and revenue fell on lower oil prices and weak margins, despite improved cash flow. - DNLM
Sales and digital growth, margin expansion, and strategic investments drive strong FY25 results. - DNLM
Sales up 3.8% to £1,771m, profit before tax £211m, digital sales 40%, market share 7.9%. - 9412
Profits and equity improved, with upward revisions to full-year forecasts and new subsidiaries added. - NVDA
AI is transforming enterprises by enabling intent-driven innovation and technology-first strategies. - DNLM
H1 sales up 3.6% to £926m; digital mix 41%; PBT to hit lower end of consensus. - CRW
Double-digit growth, strong cash flow, and new leadership drive confidence for FY25. - 7011
Strong revenue and profit growth in FY2025, with raised guidance and key divestiture impact.
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