Beacon Roofing Supply Inc. Reports 42% Advance In Q4 Earnings

(RTTNews) - Beacon Roofing Supply Inc. (BECN) revealed earnings for its fourth quarter that gained ground compared to the same period last year.

The company said its bottom line totaled $53.60 million, or $0.88 per share. This was up from $37.79 million, or $0.75 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.91 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 48.1% to $1.17 billion. This was up from $0.79 billion last year.

Beacon Roofing Supply Inc. earnings at a glance:

-Earnings (Q4): $53.60 Mln. vs. $37.79 Mln. last year. -Earnings Growth (Y-o-Y): 41.8% -EPS (Q4): $0.88 vs. $0.75 last year. -EPS Growth (Y-o-Y): 17.3% -Analysts Estimate: $0.91 -Revenue (Q4): $1.17 Bln vs. $0.79 Bln last year. -Revenue Change (Y-o-Y): 48.1%