Beacon Roofing Supply Inc (STU:OWY)
€ 101 -2 (-1.94%) Market Cap: 6.28 Bil Enterprise Value: 9.76 Bil PE Ratio: 18.45 PB Ratio: 3.52 GF Score: 85/100
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Beacon Roofing Supply Inc Investor and Analyst Event - Day 2 Transcript

Feb 24, 2022 / 02:00PM GMT
Release Date Price: €47.6 (-2.86%)
Julian G. Francis
Beacon Roofing Supply, Inc. - President, CEO & Director

(technical difficulty)

The replacement market also see good, solid demand trends. We also think fundamentally, in both our markets, the demand is mostly nondiscretionary. Given that we have 80% of replacements, a roof is something that you have to replace if something wears out or goes wrong.

Now on the commercial side, we also see positive trends. The last year or so has been incredibly difficult to handle on the commercial side of construction. With all of the supply chain challenges that we faced, it's been really difficult to manage that. I think we see that easing somewhat at the moment. We're seeing the supply chain work its way through some of the issues. And we see strong demand down the road. We've talked a lot about our backlog growing, and we're starting to see that come through in our sales. We believe that overall, the long run history of commercial roofing this generally followed the long run of residential lagged. So we see a good macro environment overall for commercial construction and

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