Beacon Announces Additional $225 Million Accelerated Share Repurchase Program
Beacon Roofing Supply, Inc. (BECN)
Last beacon roofing supply, inc. earnings: 2/3 04:01 pm
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US:NASDAQ Investor Relations:
ir.beaconroofingsupply.com/investor-relations
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Source: Business Wire
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) announced today that it has entered into an accelerated share repurchase agreement (“ASR”) with Citibank N.A to repurchase $225 million of Beacon’s common stock.“Creating shareholder value is central to today’s announcement to continue share repurchases under our previously announced and authorized program,” said Julian Francis, President & CEO of Beacon. “We continue to pursue our balanced capital allocation plan investing in growth and returns to shareholders. Our Ambition 2025 plan has demonstrated our ability to do both and, at the same time, deliver on margin improvement and cash flow. This ASR further emphasizes our confidence in the resiliency of our business model and our team’s strong execution.”Under the ASR, Beacon will make a pre-payment of $225 million to Citibank, N.A and will initially receive a prorated quantity of Beacon’s common stock. The final number of shares to be repurchased will be based on the daily volu
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BECN
News
- Beacon Roofing Supply, Inc. (NASDAQ: BECN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
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- Beacon Roofing Supply First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Beacon Roofing Supply, Inc. (NASDAQ:BECN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Beacon (BECN) Q1 Earnings & Sales Beat, Shares Rise [Yahoo! Finance]Yahoo! Finance
BECN
Earnings
- 5/2/24 - Miss
BECN
Sec Filings
- 5/22/24 - Form 4
- 5/21/24 - Form 4
- 5/20/24 - Form 144
- BECN's page on the SEC website