Content about Peabody

January 3, 2013

While searching for a permanent CFO, Peabody, Mass.-based Beacon Roofing Supply appointed Rick Welker to the position of acting CFO.

Welker is currently the company's VP and chief accounting officer. He replaces David Grace, who retired a the end of 2012. 

May 10, 2012

Beacon Roofing Supply, the Peabody, Mass., distributor of roofing and other housing exterior materials, posted net sales of $395.1 million for its second fiscal quarter of 2012, a 33.4% increase over sales of $296.3 million in the same quarter in 2011. Existing market (organic) sales, which exclude branches acquired after the beginning of last year's second quarter, increased 28.2%.

May 1, 2012

Beacon Roofing Supply, the Peabody, Mass-based supplier of roofing and other exterior building products, has promoted Kent Gardner to executive VP west division. The company's west division is currently comprised of three regions: Shelter Distribution-Midwest, Shelter Distribution-Southwest and Pacific Supply.

Gardner joined Beacon in 2005 and was promoted to VP in March 2007 and to senior VP in January 2011. Prior to that, he served in the U.S. Army.

April 11, 2012

Using the phrase “significant milestone” to describe the news, Peabody, Mass.-based Beacon Roofing Supply entered a new five-year senior-secured credit facility consisting of a $550 million credit facility with Wells Fargo Bank.

The deal also includes a C$15 million Canadian credit facility.

The deal refinanced the Company’s prior combined $515 million credit facilities that were provided through GE Antares and an affiliate.

November 30, 2011

Beacon Roofing Supply, the Peabody, Mass., distributor of roofing and other housing exterior materials, posted net sales of $575.6 million for its fourth fiscal quarter, a 19.3% rise over sales of $482.6 million in the same quarter last year.

November 2, 2011

Beacon Roofing Supply, the Peabody, Mass., distributor of roofing and other housing exterior materials, has announced the acquisition of Fowler & Peth, a distributor of residential and commercial roofing products and related accessories headquartered in Denver.

Founded in 1948, Fowler & Peth has six locations in Colorado, two in Wyoming and one in Nebraska. Annuals sales are approximately $60 million.

August 8, 2011

Third-quarter sales of both residential and non-residential product showed double-digit percentage increases for the Peabody, Mass.-based specialty distributor.

Total sales increased 14% to $540.7 million, a record for a third quarter, the company said. Net income also was at a third-quarter record high -- $24.1 million. That's up 47.9% from the prior-year quarter.

February 9, 2011

First-quarter sales for Peabody, Mass.-based Beacon Roofing Supply increased 10.1% to $404.8 million, the company announced this morning, but most of the gains came in non-residential projects.

Net income for the quarter ended Dec. 31 was $10.1 million, up 28.4% from $7.8 million in the first quarter of 2010.

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