Form 8-K - Current report

Share Name	Share Symbol	Market	Type
Beacon Roofing Supply Inc	NASDAQ:BECN	NASDAQ	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.86	-0.88%	96.84	96.28	97.35	98.62	96.43	97.53	314,796	01:00:00

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 3, 2023

BEACON ROOFING SUPPLY, INC.

(Exact name of Registrant as Specified in Its Charter)


Delaware	000-50924	36-4173371
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

505 Huntmar Park Drive, Suite 300, Herndon, VA 20170

(Address of Principal Executive Offices) (Zip Code)

(571) 323-3939

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, $0.01 par value

BECN

NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On August 3, 2023, Beacon Roofing Supply, Inc. (the “Company”) issued a press release providing information regarding earnings for the quarter ended June 30, 2023. A copy of the press release is attached hereto as Exhibit 99.1.

On August 3, 2023, the Company delivered a presentation as part of the webcast for the earnings conference call for the quarter ended June 30, 2023. A copy of the presentation is attached hereto as Exhibit 99.2.

The information including Exhibit 99.1 and Exhibit 99.2 in Item 2.02 of this Form 8-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information in this Form 8-K shall not be incorporated by reference into any filing under the Securities Act of 1933, except as shall otherwise be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

(d)Exhibits


Exhibit Index
Exhibit Number						Description
99.1						Beacon Roofing Supply, Inc. press release dated August 3, 2023.
99.2						Beacon Roofing Supply, Inc. earnings presentation dated August 3, 2023.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	BEACON ROOFING SUPPLY, INC.

Date: August 3, 2023	By:	/s/ FRANK A. LONEGRO
		Frank A. Lonegro
		Executive Vice President & Chief Financial Officer

Exhibit 99.1

BEACON REPORTS SECOND QUARTER 2023 RESULTS

•Record quarterly net sales driven by execution on Ambition 2025 growth initiatives, including acquisitions and greenfields, and strong residential demand

•Delivered net income of $153.8 million and Adjusted EBITDA of $290.3 million, both at the high end of our previously announced preliminary results

•Substantial operating cash flow generation benefited from seasonally strong collections and continued inventory right-sizing

•Repurchased all outstanding convertible preferred stock in July 2023, reducing underlying common share base by 9.7 million shares

HERNDON, VA. — (BUSINESS WIRE) — August 3, 2023 — Beacon (Nasdaq: BECN) (the “Company”, “we”, “our”) announced results today for the second quarter ended June 30, 2023.

“Our team’s focused execution on the Ambition 2025 growth initiatives drove record quarterly net sales, strong net income margin and double-digit Adjusted EBITDA margin,” said Julian Francis, Beacon’s President & CEO. “We leveraged an improving residential market and our strategic investments in greenfields and acquisitions, including Coastal Construction Products, to drive top-line growth. I am especially pleased with the growth of our industry-leading digital offering, achieving record adoption by our residential customers. Our relentless customer focus is propelling the team to help our customers build more. Internally, our emphasis on efficiency is also showing tangible results, demonstrated by our impressive operating expense to net sales ratio. We continued to adjust inventory levels to local market conditions and generated substantial cash flow, providing ample capacity to reinvest in the business and return capital to shareholders. To that end, earlier this week we closed on the repurchase of all the outstanding preferred shares, which effectively reduced the common share base of the Company by nearly 9.7 million shares. I am very happy with the achievements this year and look forward to building on the momentum to continue to create value for all our stakeholders.”

Second Quarter Financial Highlights


	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
(Unaudited; $ in millions, except per share amounts)
Net sales	$	2,503.7		$	2,358.2		$	4,236.0		$	4,045.1
Gross profit	$	636.2		$	650.2		$	1,078.1		$	1,089.7
Gross margin %	25.4		%	27.6		%	25.5		%	26.9		%

Operating expense	$	401.9		$	395.8		$	783.2		$	744.0
% of net sales	16.1		%	16.8		%	18.5		%	18.4		%
Adjusted Operating Expense1	$	377.6		$	369.6		$	734.4		$	692.8
% of net sales1	15.1		%	15.7		%	17.3		%	17.1		%

Net income (loss)	$	153.8		$	174.5		$	178.6		$	230.3
% of net sales	6.1		%	7.4		%	4.2		%	5.7		%
Adjusted Net Income (Loss)1	$	172.9		$	194.6		$	216.7		$	270.2
% of net sales1	6.9		%	8.3		%	5.1		%	6.7		%
Adjusted EBITDA1	$	290.3		$	307.7		$	403.4		$	447.2
% of net sales1	11.6		%	13.0		%	9.5		%	11.1		%

Net income (loss) per share — diluted ("EPS")	$	1.97		$	2.12		$	2.22		$	2.72

1.Please see the included financial tables for a reconciliation of “Adjusted” non-GAAP financial measures to the most directly comparable GAAP financial measure, as well as further detail on the components driving the net changes over the comparative periods.

Second Quarter

Net sales increased 6.2% compared to the prior year to $2.50 billion, a Company record for quarterly net sales. Second quarter sales increased compared to the prior year period driven by higher prices and the contributions of acquired and newly opened branches over the last four quarters. Weighted-average selling price increased approximately 2-3%, while estimated organic volumes decreased approximately 0-1%.

Residential roofing product sales increased 8.5%, non-residential roofing product sales decreased 1.7%, and complementary product sales increased 11.6% compared to the prior year. The increase in complementary product sales was largely due to the November 2022 acquisition of Coastal Construction Products. The three-month periods ending June 30, 2023 and 2022 each had 64 business days.

Gross margin decreased to 25.4%, from 27.6% in the prior year, as higher product costs related to the inventory profit roll-off more than offset higher average selling prices for our products. The increases in operating expense and Adjusted Operating Expense were largely from acquired branches and greenfields. Excluding these impacts, operating expense from existing branches decreased by approximately 5.4%, or $21.3 million. The comparative decrease was related to a decrease in payroll and benefits costs, primarily due to lower incentive compensation, and decreases in selling, general and administrative expenses. On a consolidated basis, both operating expense as a percent of sales and Adjusted Operating Expense as a percent of sales were comparatively lower in the second quarter of 2023, driven by the higher sales combined with cost management.

Net income (loss) was $153.8 million, compared to $174.5 million in the prior year. Adjusted EBITDA was $290.3 million, compared to $307.7 million in the prior year. EPS was $1.97, compared to $2.12 in the prior year. Second quarter results compared to the prior year period were impacted by the lower gross margin and higher operating expenses as described above.

In February 2023, Beacon announced an increase in its share repurchase program, pursuant to which the Company may purchase up to $500 million of its common stock (inclusive of the $112 million remaining authorization under the program announced in February 2022). In the second quarter of 2023, the Company repurchased and retired $51.6 million of its common stock on the open market through Rule 10b5-1 repurchase plans. As a result, there were 63.4 million shares of common stock outstanding as of June 30, 2023. Following the end of the second quarter, the Company repurchased an additional $25.1 million of its common stock under the same plan and announced that it does not expect additional repurchases during the remainder of the year under the existing share repurchase authorization.

Year-to-Date

Net sales increased 4.7% (3.9% on a per-day basis) compared to the prior year to $4.24 billion, a Company record for net sales for the first half. 2023 net sales increased compared to the prior year period, largely driven by the successful implementation of price increases and the contributions of acquired and newly opened branches over the last four quarters. Weighted-average selling price increased approximately 5-6%, while estimated organic volumes decreased approximately 4-5% (5-6% on a per-day basis).

Residential roofing product sales increased 5.2% (4.3% on a per-day basis), non-residential roofing product sales decreased 4.2% (5.0% on a per-day basis), and complementary product sales increased 16.2% (15.3% on a per-day basis) compared to the prior year. The increase in complementary product sales was largely due to the November 2022 acquisition of Coastal Construction Products. The six-month periods ending June 30, 2023 and 2022 had 128 and 127 business days, respectively.

Gross margin decreased to 25.5%, from 26.9% in the prior year, as higher product costs related to the inventory profit roll-off more than offset higher average selling prices for our products. The increases in operating expense and Adjusted Operating Expense were largely from acquired branches and greenfields. Excluding these impacts, operating expense from existing branches decreased by approximately 1.8%, or $13.3 million. The comparative decrease was related to a decrease in payroll and benefits costs, primarily due to lower incentive compensation, and a decrease in amortization expense. On a consolidated basis, both operating expense as a percent of sales and Adjusted Operating Expense as a percent of sales were slightly higher in 2023, driven by increases in payroll and benefits costs related to additional headcount to support new and acquired branches as well as future growth initiatives. Inflation and higher selling, general and administrative expenses also contributed to the increase.

Net income (loss) was $178.6 million, compared to $230.3 million in the prior year. Adjusted EBITDA was $403.4 million, compared to $447.2 million in the prior year. EPS was $2.22, compared to $2.72 in the prior year. Results in the first half compared to the prior year period were largely driven by the decrease in gross margins and higher operating expenses described above.

In the first half of 2023, the Company repurchased and retired $74.8 million of its common stock on the open market through Rule 10b5-1 repurchase plans. As a result, shares of common stock outstanding decreased, net of issuance, to 63.4 million as of June 30, 2023, from 64.2 million as of December 31, 2022.

-2-

To calculate approximate weighted average selling price and product cost changes, we review organic U.S. warehouse sales of the same items sold regionally period over period and normalize the data for non-representative outliers. To calculate estimated volumes, we subtract the change in weighted average selling price, as described above, from the total changes in sales, excluding acquisitions and dispositions. As a result, and especially in high inflationary periods, the weighted average selling price and estimated volume changes may not be directly comparable to changes reported in prior periods.

Please see the included financial tables for a reconciliation of “Adjusted” non-GAAP financial measures to the most directly comparable GAAP financial measure, as well as further detail on the components driving the net changes over the comparative periods.

Earnings Call

The Company will host a conference call and webcast today at 5:00 p.m. ET to discuss these results. Details for the earnings release event are as follows:


What:			Beacon Second Quarter 2023 Earnings Call
When:			Thursday, August 3, 2023
Time:			5:00 p.m. ET
Access:			Register for the conference call or webcast by visiting:
			Beacon Investor Relations – Events & Presentations

Upon registration, participants will receive an email containing event details and unique access codes. To ensure timely access, participants should register for the earnings call at least 10 minutes before the 5:00 p.m. ET start time. An archived copy of the webcast will be available on the Events & Presentations page shortly after the call.

Forward-Looking Statements

This release contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. In addition, oral statements made by our directors, officers and employees to the investor and analyst communities, media representatives and others, depending upon their nature, may also constitute forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historic or current facts and often use words such as “anticipate,” “estimate,” “expect,” “believe,” “will likely result,” “outlook,” “project” and other words and expressions of similar meaning. Investors are cautioned not to place undue reliance on forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, those set forth in the "Risk Factors" section of the Company's Form 10-K for the fiscal year ended December 31, 2022 and subsequent filings with the U.S. Securities and Exchange Commission. The Company may not succeed in addressing these and other risks. Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein. In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point, the Company specifically disclaims any obligation to do so, other than as required by federal securities laws. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly traded distributor of building products, including roofing materials and complementary products, such as siding and waterproofing. The Company operates over 500 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of nearly 100,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon offers its own private label brand, TRI-BUILT®, and has a proprietary digital account management suite, Beacon PRO+, which allows customers to manage their businesses online. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.


INVESTOR CONTACT			MEDIA CONTACT
Binit Sanghvi			Jennifer Lewis
VP, Capital Markets and Treasurer			VP, Communications and Corporate Social Responsibility
Binit.Sanghvi@becn.com			Jennifer.Lewis@becn.com
972-369-8005			571-752-1048

-3-

BEACON ROOFING SUPPLY, INC.

Consolidated Statements of Operations

(Unaudited; in millions, except per share amounts)


	Three Months Ended June 30,								Six Months Ended June 30,
	2023		% of Net Sales		2022		% of Net Sales		2023		% of Net Sales		2022		% of Net Sales
Net sales	$	2,503.7	100.0	%	$	2,358.2	100.0	%	$	4,236.0	100.0	%	$	4,045.1	100.0	%
Cost of products sold	1,867.5		74.6	%	1,708.0		72.4	%	3,157.9		74.5	%	2,955.4		73.1	%
Gross profit	636.2		25.4	%	650.2		27.6	%	1,078.1		25.5	%	1,089.7		26.9	%
Operating expense:
Selling, general and administrative	358.7		14.3	%	355.4		15.1	%	697.0		16.5	%	664.7		16.4	%
Depreciation	21.8		0.9	%	18.9		0.8	%	42.5		1.0	%	36.4		0.9	%
Amortization	21.4		0.9	%	21.5		0.9	%	43.7		1.0	%	42.9		1.1	%
Total operating expense	401.9		16.1	%	395.8		16.8	%	783.2		18.5	%	744.0		18.4	%
Income (loss) from operations	234.3		9.3	%	254.4		10.8	%	294.9		7.0	%	345.7		8.5	%
Interest expense, financing costs and other	26.0		1.0	%	18.9		0.8	%	53.8		1.3	%	35.5		0.8	%

Income (loss) before provision for income taxes	208.3		8.3	%	235.5		10.0	%	241.1		5.7	%	310.2		7.7	%
Provision for (benefit from) income taxes	54.5		2.2	%	61.0		2.6	%	62.5		1.5	%	79.9		2.0	%
Net income (loss)	$	153.8	6.1	%	$	174.5	7.4	%	$	178.6	4.2	%	$	230.3	5.7	%

Reconciliation of net income (loss) to net income (loss) attributable to common stockholders:
Net income (loss)	$	153.8	6.1	%	$	174.5	7.4	%	$	178.6	4.2	%	$	230.3	5.7	%
Dividends on Preferred Stock	(6.0)		(0.2)	%	(6.0)		(0.2)	%	(12.0)		(0.3)	%	(12.0)		(0.3)	%
Undistributed income allocated to participating securities	(19.5)		(0.8)	%	(20.9)		(0.9)	%	(21.9)		(0.5)	%	(26.8)		(0.7)	%
Net income (loss) attributable to common stockholders	$	128.3	5.1	%	$	147.6	6.3	%	$	144.7	3.4	%	$	191.5	4.7	%

Weighted-average common stock outstanding:
Basic	63.7				68.1				64.0				69.1
Diluted	65.1				69.5				65.3				70.4

Net income (loss) per share:
Basic	$	2.02			$	2.17			$	2.26			$	2.77
Diluted	$	1.97			$	2.12			$	2.22			$	2.72

-4-

BEACON ROOFING SUPPLY, INC.

Consolidated Balance Sheets

(Unaudited; in millions)


	June 30,		December 31,		June 30,
	2023		2022		2022
Assets
Current assets:
Cash and cash equivalents	$	65.8	$	67.7	$	54.6
Accounts receivable, net	1,361.7		1,009.1		1,321.7
Inventories, net	1,352.8		1,322.9		1,548.7
Prepaid expenses and other current assets	512.1		417.8		422.6
Total current assets	3,292.4		2,817.5		3,347.6
Property and equipment, net	380.8		337.0		289.1
Goodwill	1,922.9		1,916.3		1,785.2
Intangibles, net	415.8		447.7		383.4
Operating lease assets	470.3		467.6		418.0
Deferred income taxes, net	6.8		9.9		58.0
Other assets, net	11.3		7.5		1.4
Total assets	$	6,500.3	$	6,003.5	$	6,282.7

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	1,317.4	$	821.0	$	1,168.9
Accrued expenses	498.0		448.0		476.5
Current operating lease liabilities	97.2		94.5		89.7
Current finance lease liabilities	20.4		16.1		10.9
Current portion of long-term debt/obligations	10.0		10.0		10.0
Total current liabilities	1,943.0		1,389.6		1,756.0
Borrowings under revolving lines of credit, net	67.5		254.9		461.3
Long-term debt, net	1,603.2		1,606.4		1,609.6
Other long-term liabilities	0.7		0.2		0.6
Non-current operating lease liabilities	385.1		382.1		334.4
Non-current finance lease liabilities	78.9		67.0		45.3
Total liabilities	4,078.4		3,700.2		4,207.2

Convertible Preferred Stock	399.2		399.2		399.2

Stockholders' equity:
Common stock	0.6		0.6		0.6
Undesignated preferred stock	—		—		—
Additional paid-in capital	1,208.1		1,187.2		1,123.5
Retained earnings	820.1		728.8		562.8
Accumulated other comprehensive income (loss)	(6.1)		(12.5)		(10.6)
Total stockholders' equity	2,022.7		1,904.1		1,676.3
Total liabilities and stockholders' equity	$	6,500.3	$	6,003.5	$	6,282.7

-5-

BEACON ROOFING SUPPLY, INC.

Consolidated Statements of Cash Flows

(Unaudited; in millions)


	Six Months Ended June 30,
	2023		2022
Operating Activities
Net income (loss)	$	178.6	$	230.3
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	86.2		79.3
Stock-based compensation	14.3		13.1
Certain interest expense and other financing costs	1.3		2.6

Gain on sale of fixed assets and other	(9.5)		(2.9)
Deferred income taxes	1.6		0.7



Changes in operating assets and liabilities:
Accounts receivable	(346.5)		(466.1)
Inventories	(19.5)		(385.0)
Prepaid expenses and other current assets	(87.2)		(47.1)
Accounts payable and accrued expenses	539.2		383.7
Other assets and liabilities	0.2		4.4
Net cash provided by (used in) operating activities	358.7		(187.0)

Investing Activities
Purchases of property and equipment	(60.3)		(39.8)
Acquisition of business, net	(30.5)		(16.7)

Proceeds from the sale of assets	10.7		3.0

Purchases of investments	(0.9)		—
Net cash provided by (used in) investing activities	(81.0)		(53.5)

Financing Activities
Borrowings under revolving lines of credit	840.7		1,365.9
Payments under revolving lines of credit	(1,028.8)		(898.1)

Payments under term loan	(5.0)		(5.0)




Payments under equipment financing facilities and finance leases	(9.1)		(4.9)
Repurchase and retirement of common stock, net	(72.4)		(338.1)
Advance payment for equity forward contract	—		(50.0)
Payment of dividends on Preferred Stock	(12.0)		(12.0)
Proceeds from issuance of common stock related to equity awards	8.1		12.2
Payment of taxes related to net share settlement of equity awards	(1.5)		(0.4)
Net cash provided by (used in) financing activities	(280.0)		69.6

Effect of exchange rate changes on cash and cash equivalents	0.4		(0.3)

Net increase (decrease) in cash and cash equivalents	(1.9)		(171.2)
Cash and cash equivalents, beginning of period	67.7		225.8
Cash and cash equivalents, end of period	$	65.8	$	54.6

Supplemental Cash Flow Information
Cash paid during the period for:
Interest	$	53.4	$	37.1
Income taxes, net of refunds1	$	31.3	$	57.4
Supplemental Disclosure of Non-Cash Activities
Amounts accrued for repurchases of common stock, inclusive of excise tax	$	2.9	$	—

1.Six months ended June 30, 2022 amount includes $18.6 million related to the transition period from October 1, 2021 to December 31, 2021.

-6-

BEACON ROOFING SUPPLY, INC.

Consolidated Sales by Line of Business

(Unaudited; in millions)


Sales by Line of Business
	Three Months Ended June 30,								Year-over-Year Change
	2023				2022
	Net Sales		Mix %		Net Sales		Mix %		$		%
Residential roofing products	$	1,298.0	51.8	%	$	1,196.1	50.7	%	$	101.9	8.5	%
Non-residential roofing products	670.8		26.8	%	682.6		29.0	%	(11.8)		(1.7)	%
Complementary building products	534.9		21.4	%	479.5		20.3	%	55.4		11.6	%
	$	2,503.7	100.0	%	$	2,358.2	100.0	%	$	145.5	6.2	%


Sales by Business Day1,2
	Three Months Ended June 30,								Year-over-Year Change
	2023				2022
	Net Sales		Mix %		Net Sales		Mix %		$		%
Residential roofing products	$	20.2	51.8	%	$	18.7	50.7	%	$	1.5	8.5	%
Non-residential roofing products	10.5		26.8	%	10.6		29.0	%	(0.1)		(1.7)	%
Complementary building products	8.4		21.4	%	7.5		20.3	%	0.9		11.6	%
	$	39.1	100.0	%	$	36.8	100.0	%	$	2.3	6.2	%

1.The three-month periods ended June 30, 2023 and 2022 each had 64 business days.

2.Dollar and percentage changes may not recalculate due to rounding.


Sales by Line of Business
	Six Months Ended June 30,								Year-over-Year Change
	2023				2022
	Net Sales		Mix %		Net Sales		Mix %		$		%
Residential roofing products	$	2,148.1	50.7	%	$	2,042.6	50.5	%	$	105.5	5.2	%
Non-residential roofing products	1,120.8		26.5	%	1,170.3		28.9	%	(49.5)		(4.2)	%
Complementary building products	967.1		22.8	%	832.2		20.6	%	134.9		16.2	%
	$	4,236.0	100.0	%	$	4,045.1	100.0	%	$	190.9	4.7	%


Sales by Business Day1,2
	Six Months Ended June 30,								Year-over-Year Change
	2023				2022
	Net Sales		Mix %		Net Sales		Mix %		$		%
Residential roofing products	$	16.7	50.7	%	$	16.1	50.5	%	$	0.6	4.3	%
Non-residential roofing products	8.8		26.5	%	9.2		28.9	%	(0.4)		(5.0)	%
Complementary building products	7.6		22.8	%	6.6		20.6	%	1.0		15.3	%
	$	33.1	100.0	%	$	31.9	100.0	%	$	1.2	3.9	%

1.The six-month periods ended June 30, 2023 and 2022 had 128 and 127 business days, respectively.

2.Dollar and percentage changes may not recalculate due to rounding.

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BEACON ROOFING SUPPLY, INC.

Non-GAAP Financial Measures

(Unaudited; in millions)

Non-GAAP Financial Measures

To provide investors with additional information regarding our financial results, we prepare certain financial measures that are not calculated in accordance with GAAP, specifically:

•Adjusted Operating Expense. We define Adjusted Operating Expense as operating expense, excluding the impact of the adjusting items (as described below).

•Adjusted Net Income (Loss). We define Adjusted Net Income (Loss) as net income (loss), excluding the impact of the adjusting items (as described below).

•Adjusted EBITDA. We define Adjusted EBITDA as net income (loss), excluding the impact of interest expense (net of interest income), income taxes, depreciation and amortization, stock-based compensation, and the adjusting items (as described below).

We use these supplemental non-GAAP measures to evaluate financial performance, analyze the underlying trends in our business and establish operational goals and forecasts that are used when allocating resources. We expect to compute our non-GAAP financial measures consistently using the same methods each period.

We believe these non-GAAP measures are useful measures because they permit investors to better understand changes over comparative periods by providing financial results that are unaffected by certain items that are not indicative of ongoing operating performance.

While we believe that these non-GAAP measures are useful to investors when evaluating our business, they are not prepared and presented in accordance with GAAP, and therefore should be considered supplemental in nature. These non-GAAP measures should not be considered in isolation or as a substitute for other financial performance measures presented in accordance with GAAP. These non-GAAP financial measures may have material limitations including, but not limited to, the exclusion of certain costs without a corresponding reduction of net income for the income generated by the assets to which the excluded costs relate. In addition, these non-GAAP financial measures may differ from similarly titled measures presented by other companies.

-8-

BEACON ROOFING SUPPLY, INC.

Non-GAAP Financial Measures (continued)

(Unaudited; in millions)

Adjusting Items to Non-GAAP Financial Measures

The impact of the following expense (income) items is excluded from each of our non-GAAP measures (the “adjusting items”):

•Acquisition costs. Represent certain costs related to historical acquisitions, including: amortization of intangible assets; professional fees, branch integration expenses, travel expenses, employee severance and retention costs, and other personnel expenses classified as selling, general and administrative; gains/losses related to changes in fair value of contingent consideration or holdback liabilities; and amortization of debt issuance costs. Acquisition costs are impacted by the timing and size of the acquisitions. We exclude acquisition costs from our non-GAAP financial measures to provide a useful comparison of our operating results to prior periods and to our peer companies because such amounts vary significantly based on the magnitude of the acquisition and do not reflect our core operations.

•Restructuring costs. Represent costs stemming from headcount rationalization efforts and certain rebranding costs; impact of divestitures; costs related to changing our fiscal year end; amortization of debt issuance costs; debt refinancing and extinguishment costs; and abandoned lease costs. We exclude restructuring costs from our non-GAAP financial measures, as such items vary significantly based on the magnitude of the restructuring activity and also do not reflect expected future operating expenses. Additionally, these costs do not necessarily provide meaningful insight into the current or past core operations of our business.

•COVID-19 impacts. Represent costs directly related to the COVID-19 pandemic. Beginning January 1, 2023, the Company determined COVID-19 impacts should no longer be considered an adjusting item. This change was applied prospectively.

The following table presents the impact and respective location of the adjusting items on our consolidated statements of operations for each of the periods indicated:


	Operating Expense				Non-Operating Expense
	SG&A1		Amortization		Interest Expense		Income Taxes2		Total
Three Months Ended June 30, 2023
Acquisition costs	$	1.4	$	21.4	$	1.0	$	—	$	23.8
Restructuring costs	1.5		—		0.3		—		1.8

Total adjusting items	$	2.9	$	21.4	$	1.3	$	—	$	25.6
Three Months Ended June 30, 2022
Acquisition costs	$	1.7	$	21.5	$	1.0	$	—	$	24.2
Restructuring costs	2.9		—		0.3		—		3.2
COVID-19 impacts	0.1		—		—		—		0.1
Total adjusting items	$	4.7	$	21.5	$	1.3	$	—	$	27.5

Six Months Ended June 30, 2023
Acquisition costs	$	3.1	$	43.7	$	1.9	$	—	$	48.7
Restructuring costs	2.0		—		0.6		—		2.6

Total adjusting items	$	5.1	$	43.7	$	2.5	$	—	$	51.3
Six Months Ended June 30, 2022
Acquisition costs	$	2.2	$	42.9	$	2.0	$	—	$	47.1
Restructuring costs	4.6		—		0.6		—		5.2
COVID-19 impacts	1.5		—		—		—		1.5
Total adjusting items	$	8.3	$	42.9	$	2.6	$	—	$	53.8

1.Selling, general and administrative expense (“SG&A”).

2.For tax impact of adjusting items, see Adjusted Net Income (Loss) table below.

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BEACON ROOFING SUPPLY, INC.

Non-GAAP Financial Measures (continued)

(Unaudited; in millions)

Adjusted Operating Expense

The following table presents a reconciliation of operating expense, the most directly comparable financial measure as measured in accordance with GAAP, to Adjusted Operating Expense for each of the periods indicated:


	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Operating expense	$	401.9		$	395.8		$	783.2		$	744.0
Acquisition costs	(22.8)			(23.2)			(46.8)			(45.1)
Restructuring costs	(1.5)			(2.9)			(2.0)			(4.6)
COVID-19 impacts	—			(0.1)			—			(1.5)
Adjusted Operating Expense	$	377.6		$	369.6		$	734.4		$	692.8

Net sales	$	2,503.7		$	2,358.2		$	4,236.0		$	4,045.1
Operating expense as % of sales	16.1		%	16.8		%	18.5		%	18.4		%
Adjusted Operating Expense as % of sales	15.1		%	15.7		%	17.3		%	17.1		%

Adjusted Net Income (Loss)

The following table presents a reconciliation of net income (loss), the most directly comparable financial measure as measured in accordance with GAAP, to Adjusted Net Income (Loss) for each of the periods indicated:


	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Net income (loss)	$	153.8		$	174.5		$	178.6		$	230.3
Adjusting items:
Acquisition costs	23.8			24.2			48.7			47.1
Restructuring costs	1.8			3.2			2.6			5.2
COVID-19 impacts	—			0.1			—			1.5
Total adjusting items	25.6			27.5			51.3			53.8
Less: tax impact of adjusting items1	(6.5)			(7.4)			(13.2)			(13.9)
Total adjustments, net of tax	19.1			20.1			38.1			39.9
Adjusted Net Income (Loss)	$	172.9		$	194.6		$	216.7		$	270.2

Net sales	$	2,503.7		$	2,358.2		$	4,236.0		$	4,045.1
Net income (loss) as % of sales	6.1		%	7.4		%	4.2		%	5.7		%
Adjusted Net Income (Loss) as % of sales	6.9		%	8.3		%	5.1		%	6.7		%

1.Amounts represent tax impact on adjustments that are not included in our income tax provision (benefit) for the periods presented. The tax impact of adjustments for the three months ended June 30, 2023 and 2022 were calculated using a blended effective tax rate of 25.4% and 26.9%, respectively. The tax impact of adjustments for the six months ended June 30, 2023 and 2022 were calculated using a blended effective tax rate of 25.7% and 25.8%, respectively.

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BEACON ROOFING SUPPLY, INC.

Non-GAAP Financial Measures (continued)

(Unaudited; in millions)

Adjusted EBITDA

The following table presents a reconciliation of net income (loss), the most directly comparable financial measure as measured in accordance with GAAP, to Adjusted EBITDA for each of the periods indicated:


	Three Months Ended June 30,						Six Months Ended June 30,
	2023			2022			2023			2022
Net income (loss)	$	153.8		$	174.5		$	178.6		$	230.3
Interest expense, net	27.6			19.1			56.7			36.3
Income taxes	54.5			61.0			62.5			79.9
Depreciation and amortization	43.2			40.4			86.2			79.3
Stock-based compensation	8.3			8.0			14.3			13.1
Acquisition costs1	1.4			1.7			3.1			2.2
Restructuring costs1	1.5			2.9			2.0			4.6
COVID-19 impacts	—			0.1			—			1.5
Adjusted EBITDA	$	290.3		$	307.7		$	403.4		$	447.2

Net sales	$	2,503.7		$	2,358.2		$	4,236.0		$	4,045.1
Net income (loss) as % of sales	6.1		%	7.4		%	4.2		%	5.7		%
Adjusted EBITDA as % of sales	11.6		%	13.0		%	9.5		%	11.1		%

1.Amounts represent adjusting items included in SG&A and other income (expense); remaining adjusting item balances are embedded within the other line item balances reported in this table.

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AUGUST 3, 2023 2023 Q2 2023 EARNINGS PRESENTATION Exhibit 99.2

becn.com2 Disclosure Notice This presentation contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. In addition, oral statements made by our directors, officers and employees to the investor and analyst communities, media representatives and others, depending upon their nature, may also constitute forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historic or current facts and often use words such as “anticipate,” “estimate,” “expect,” “believe,” “will likely result,” “outlook,” “project” and other words and expressions of similar meaning. Investors are cautioned not to place undue reliance on forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, those set forth in the "Risk Factors" section of the Company's Form 10-K for the fiscal year ended December 31, 2022 and subsequent filings with the U.S. Securities and Exchange Commission. The Company may not succeed in addressing these and other risks. Consequently, all forward-looking statements in this presentation are qualified by the factors, risks and uncertainties contained therein. In addition, the forward-looking statements included in this presentation represent the Company's views as of the date of this presentation and these views could change. However, while the Company may elect to update these forward-looking statements at some point, the Company specifically disclaims any obligation to do so, other than as required by federal securities laws. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this presentation. This presentation contains references to certain financial measures that are not presented in accordance with United States Generally Accepted Accounting Principles (“GAAP"). The Company uses non-GAAP financial measures to evaluate financial performance, analyze underlying business trends and establish operational goals and forecasts that are used when allocating resources. The Company believes these non-GAAP financial measures permit investors to better understand changes over comparative periods by providing financial results that are unaffected by certain items that are not indicative of ongoing operating performance. While the Company believes these measures are useful to investors when evaluating performance, they are not prepared and presented in accordance with GAAP, and therefore should be considered supplemental in nature. The Company’s non-GAAP financial measures should not be considered in isolation or as a substitute for other financial performance measures presented in accordance with GAAP. These non-GAAP financial measures may have material limitations including, but not limited to, the exclusion of certain costs without a corresponding reduction of net income for the income generated by the assets to which the excluded costs relate. In addition, these non-GAAP financial measures may differ from similarly titled measures presented by other companies. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure can be found in the Appendix as well as the Company’s latest Form 8-K, filed with the SEC on August 3, 2023.

becn.com3 PRESIDENT & CHIEF EXECUTIVE OFFICER JULIAN FRANCIS

becn.com CEO Perspective *Non-GAAP measure; see Appendix for definition and reconciliation Notes: Percentages within the Net Income ($M) and Adjusted EBITDA* ($M) bar charts represent each metric as a % of net sales. All quarterly information and comparisons reflect Continuing Operations. 2.5%1.4% Strong execution on Ambition 2025 drove record Q2 sales • Greenfields and acquisitions contributing to top-line • Pricing up LSD with regional & LOB variability Double digit Adjusted EBITDA* margins • Gross margin within prior guidance range • Labor productivity delivering tangible benefits Substantial Operating Cash Flow • Q2 OCF of $257M benefitted by prior quarter inventory destocking • Exceptional OCF conversion of >100% TTM Adjusted EBITDA* Balance sheet provided ability to invest & return capital • Repurchased ~$100M in common stock YTD through 7/31 • Redeemed entirety of preferred equity on 7/31 • Continuing to invest in organic growth initiatives and M&A 4 6.5%8.3%5.6%1.8% +1.1%+28.0%+11.8%+2.0% $1,549 $1,872 $2,358 $2,504 Q2'20 Q2'21 Q2'22 Q2'23 Net Sales ($M) / YoY (%) 20 26.0 +6.2% $175 $195 $154 $173 GAAP Adj. NI* Net Income ($M) Q2'22 Q2'23 6.1% 6.9% 8.4 12.3 13.0 11.6 7.4% 8.3% 13.0% 11.6% $308 $290 Q2'22 Q2'23 Adjusted EBITDA* ($M) 13.0% 11.6%

becn.com5 • Launched ESPP* to promote stock ownership with >20% participation incl. >10% of frontline employees • Reported annual GHG emissions intensity reduction progress in 2022 CSR Report • Formed Beacon Driver Council to advance safety and engagement Executing on Ambition 2025 Initiatives Accelerating execution of our Ambition 2025 strategic plan DRIVING OPERATIONAL EXCELLENCE BUILDING A WINNING CULTURE DRIVING ABOVE MARKET GROWTH CREATING SHAREHOLDER VALUE • BeaconTrack routing software increasing speed, reliability and customer tracking of deliveries • Strategic branch optimization initiative showing improvements in throughput and capacity • Sales per hour worked reached all-time high since tracking began in Q1’20 • Acquired Silver State Building Materials and opened 11 greenfields in Q2, increasing customer reach • Digital sales +28% YoY, achieving all-time high of nearly 21% of residential sales in Q2 • Customer Experience initiative increased confirmed on-time delivery percentage driving customer service • Record second quarter net sales and double-digit Adjusted EBITDA** margins • Repurchased all outstanding preferred shares on 7/31 for ~$804M • Repurchased ~$100M in common stock YTD 7/31 • Reduced common share count by ~17M*** from 1/1/22 to 7/31/23, or ~21% of shares*** *Employee Stock Purchase Plan **Non-GAAP measure; see Appendix for definition and reconciliation ***Net on an as converted basis

becn.com6 EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER FRANK LONEGRO

becn.com7 Q2 2023 Sales and Mix Net sales up 6.2% • Average selling prices increased LSD YoY with sequential price stability • Acquisitions contributed ~4% to the top-line growth • Backlog lower sequentially, higher than historical Residential sales up 8.5% • Selling prices up LSD YoY, sequential improvement through the quarter • Volumes up MSD YoY, shingle volumes better than expected • Storm demand and R&R more than offset new construction decline YoY Non-residential sales down 1.7% • Prices increased MSD YoY, resilient sequentially • Lower volumes on contractor inventory destocking • Bidding & quoting activity remains up year over year Complementary sales up 11.6% • Coastal acquisition accelerating waterproofing performance • Higher prices across all product lines YoY with exception of lumber +1.1% $2,358 $2,504 Net Sales ($M) Q2'22 Q2'23 +6.2% 52% 27% 21% Net Sales Mix Residential Non-residential Complementary $1,196 $683 $480 $1,298 $671 $535 Residential Non-residential Complementary Net Sales by Line of Business (LOB) ($M) Q2'22 Q2'23 +8.5% -1.7% +11.6%

becn.com8 100 145 137 139 121 148 146 152 144 171 173 156 135 186 Sales Per Hour Worked*** (Indexed to Q1’20) *Non-GAAP measure; see Appendix for definition and reconciliation **Quarter ending headcount does not include acquisitions completed in the last four quarters ***Hours worked reflect all company-wide hourly employees, but excludes salaried/commission-based personnel Notes: All quarterly information and comparisons reflect Continuing Operations. Percentages within the bar charts represent each metric as a % of net sales. Q2 2023 Margin and Expense Gross margin -220 bps YoY • Price-cost down ~230 bps YoY primarily driven by inventory profit roll-off • Realization of May ‘23 shingle price increase slower to materialize in the quarter Adjusted OpEx* 15.1% of sales, +$8M YoY • OpEx to sales ratio lowest level in 10 years • Greenfield & acquired branches added $24M YoY • Inflation in wages, benefits and rent offset by lower incentive comp YoY • Investments in strategic initiatives ~$6M YoY • M&A and greenfield project teams • Sales organization, customer experience, pricing tools and e-commerce technologies 6,894 7,303 7,289 7,245 7,149 7,469 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Headcount** 23.8% 27.6% 27.6% 25.4% Q2'20 Q2'21 Q2'22 Q2'23 Gross Margin $396 $370 $402 $378 GAAP Adj.OpEx* Operating Expense ($M) Q2'22 Q2'23 15.7% 15.1% 16.1%16.8%

becn.com9 Strong Balance Sheet, Capacity to Invest in Growth Strong cash flow generation • Inventory rightsizing initiatives resulted in $196M decrease from Q2’22 peak levels • Generated $947M in TTM OCF • Strong H2 cash generation expected on Q4 conversion of higher selling season inventory Balance sheet flexibility provided capacity to return capital to shareholders • Announced end to share repurchases in 2023 • Net debt leverage* 1.9x at 6/30 (2.8x pro forma for preferred repurchase) Financial flexibility to invest in growth • Investing capex in fleet & facility modernization, growth and efficiency • Acquisition pipeline remains active *Non-GAAP measure; see Appendix for definition and reconciliation **Calculation for these periods include amounts derived from combined operations – see Appendix for further detail ***Maturities shown as of Q2’23; excl impact of debt issuance cost amortization & required $10M annual paydown of 2028 Term Loan $1,549 $1,389 $1,323 $1,293 $1,353 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Net Inventory ($M) 2023 2024 2025 2026 2027 2028 2029 Q2’23 Debt Maturity by Year ($M)*** ABL Term Loan Secured Notes Unsecured Notes $372 $350 $980 $0 $300 $72 $0 $0 $0 6.1 5.3 4.7 4.8 2.9 2.4 2.1 2.1 2.3 2.5 2.0 2.0 2.1 1.9 Net Debt Leverage* $103 $98 $50 ($162) ($25) $268 $320 $101 $257 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Operating Cash Flow ($M) GAAP

PRESIDENT & CHIEF EXECUTIVE OFFICER JULIAN FRANCIS

becn.com11 Market expectations for the remainder of 2023 • Non-discretionary R&R demand improving including stronger first half storm activity • Residential homebuilder demand expected to be stronger for the remainder of the year • Non-residential bidding & quoting activity and backlog remain healthy, but cycle times continue to extend Expect Q3’23 net sales per day* to be up 7-9% (one less selling day in Q3’23 vs. prior year quarter), including contributions from previously announced acquisitions • July 2023 net sales up ~7% YoY • August ‘23 shingle price increase realization expected to support sequential margin expansion • Gross margins to be in the mid to high 25% range Raising 2023 full year Adjusted EBITDA** expectations to $850M – $890M • Expect net sales growth of 4-6% YoY, including contributions from previously announced acquisitions • Inventory profit roll-off impacts full-year gross margin, partially offset by pricing, structural gains from margin enhancing initiatives • Focused on customer experience, operational excellence and pricing execution Investing in Ambition 2025 initiatives • Continuing to execute on M&A opportunities • Greenfield initiative now expected to yield 20 – 25 new branches in 2023 Closing Thoughts * 63 selling days in Q3’23 vs. 64 selling days in Q3’22 ** Non-GAAP measure; see Appendix for definition and reconciliation Beacon is executing on Ambition 2025 targets, well-positioned for the remainder of 2023

APPENDIX

becn.com14 Reconciliations: Non-GAAP Financial Measures RESULTS BY QUARTER (CONTINUING OPERATIONS) We define Adjusted Operating Expense as operating expense (as reported on a GAAP basis) excluding the impact of amortization, acquisition costs, restructuring costs, and costs directly related to the COVID-19 pandemic. We define Adjusted EBITDA as net income (loss) from continuing operations excluding the impact of interest expense (net of interest income), income taxes, depreciation and amortization, stock- based compensation, acquisition costs, restructuring costs, and costs directly related to the COVID-19 pandemic. Beginning January 1, 2023, the Company determined that COVID-19 impacts should no longer be considered an adjusting item and the change was applied prospectively. * Three months ended 3/31/2020 amount includes the impact of non-cash accelerated intangible asset amortization of $142.6 million related to the write-off of certain trade names in connection with the Company’s rebranding efforts. For additional information see our latest Form 8-K, filed with the SEC on August 3, 2023. ($M) 3/31/2020 6/30/2020 9/30/2020 12/31/2020 3/31/2021 6/30/2021 9/30/2021 12/31/2021 3/31/2022 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 Net sales 1,197.1$ 1,549.3$ 1,755.0$ 1,576.5$ 1,318.0$ 1,872.1$ 1,875.4$ 1,754.9$ 1,686.9$ 2,358.2$ 2,415.2$ 1,969.4$ 1,732.3$ 2,503.7$ Gross profit 270.4$ 368.7$ 441.3$ 399.7$ 332.8$ 517.4$ 507.8$ 461.6$ 439.5$ 650.2$ 630.2$ 515.6$ 442.0$ 636.2$ Gross margin % 22.6% 23.8% 25.1% 25.4% 25.3% 27.6% 27.1% 26.3% 26.1% 27.6% 26.1% 26.2% 25.5% 25.4% Adjusted Operating Expense Operating expense 446.0$ 293.5$ 324.9$ 304.6$ 310.0$ 336.6$ 349.7$ 355.2$ 348.2$ 395.8$ 398.8$ 389.3$ 381.3$ 401.9$ Acquisition costs (28.4) (32.6) (31.9) (26.6) (25.9) (26.0) (25.9) (22.6) (21.9) (23.2) (23.5) (21.9) (24.0) (22.8) Restructuring costs* (143.5) (1.0) (0.4) (1.9) (5.3) (1.6) (2.8) (25.2) (1.7) (2.9) (1.4) (2.8) (0.5) (1.5) COVID-19 impacts — (3.4) (0.8) (0.3) (0.5) (0.4) (0.4) (1.0) (1.4) (0.1) (0.2) (0.3) — — Adjusted Operating Expense 274.1$ 256.5$ 291.8$ 275.8$ 278.3$ 308.6$ 320.6$ 306.4$ 323.2$ 369.6$ 373.7$ 364.3$ 356.8$ 377.6$ Operating expense % of sales 37.3% 18.9% 18.5% 19.3% 23.5% 18.0% 18.6% 20.2% 20.7% 16.8% 16.5% 19.8% 22.0% 16.1% Adjusted Operating Expense % of sales 22.9% 16.6% 16.6% 17.5% 21.1% 16.5% 17.1% 17.5% 19.2% 15.7% 15.5% 18.5% 20.6% 15.1% Adjusted EBITDA Net income (loss) from continuing operations (121.4)$ (4.1)$ 68.2$ 47.4$ (10.5)$ 79.8$ 104.5$ 68.1$ 55.8$ 174.5$ 154.8$ 73.3$ 24.8$ 153.8$ Interest expense, net 35.6 35.4 32.7 31.3 29.5 23.1 17.1 17.0 17.2 19.1 23.6 26.3 29.1 27.6 Income taxes (77.9) 44.1 16.9 17.7 (4.8) 27.1 37.3 20.9 18.9 61.0 53.8 27.6 8.0 54.5 Depreciation and amortization* 183.2 45.0 43.9 39.4 42.2 40.3 40.3 38.7 38.9 40.4 40.9 39.0 43.0 43.2 Stock-based compensation 4.4 3.3 3.5 3.8 4.2 5.5 4.9 2.8 5.1 8.0 7.9 6.6 6.0 8.3 Acquisition costs (2.8) 1.6 1.8 1.1 0.6 0.7 0.9 0.4 0.5 1.7 1.6 2.6 1.7 1.4 Restructuring costs 1.0 1.9 1.2 1.9 12.6 52.5 2.7 25.2 1.7 2.9 1.4 2.8 0.5 1.5 COVID-19 impacts — 3.4 0.8 0.3 0.5 0.4 0.4 1.0 1.4 0.1 0.2 0.3 — — Adjusted EBITDA 22.1$ 130.6$ 169.0$ 142.9$ 74.3$ 229.4$ 208.1$ 174.1$ 139.5$ 307.7$ 284.2$ 178.5$ 113.1$ 290.3$ Net income (loss) % of sales (10.1%) (0.3%) 3.9% 3.0% (0.8%) 4.3% 5.6% 3.9% 3.3% 7.4% 6.4% 3.7% 1.4% 6.1% Adjusted EBITDA % of sales 1.8% 8.4% 9.6% 9.1% 5.6% 12.3% 11.1% 9.9% 8.3% 13.0% 11.8% 9.1% 6.5% 11.6% Three Months Ended

becn.com15 NET DEBT LEVERAGE We define Net Debt Leverage as gross total debt less cash, divided by Adjusted EBITDA for the trailing four quarters. * Historical quarterly Adjusted EBITDA totals used in the calculation of Net Debt Leverage are presented on an as-reported basis, therefore the calculations for the periods ended March 31, June 30, and September 30, 2020 are based on Adjusted EBITDA from combined operations (see slide 16 for reconciliations). Beginning with the period ended December 31, 2020, the Company began presenting its Interior Products business as discontinued operations, therefore the calculations of Net Debt Leverage for the periods ended December 31, 2020 and forward are based on Adjusted EBITDA from continuing operations (see slide 14 for reconciliations). Reconciliations: Non-GAAP Financial Measures ($M) 3/31/2020 6/30/2020 9/30/2020 12/31/2020 3/31/2021 6/30/2021 9/30/2021 12/31/2021 3/31/2022 6/30/2022 9/30/2022 12/31/2022 3/31/2023 6/30/2023 Pro Forma 6/30/2023 Gross total debt 3,576.8$ 3,419.8$ 2,818.3$ 2,714.7$ 2,135.5$ 1,663.2$ 1,660.0$ 1,657.8$ 1,807.8$ 2,123.5$ 1,905.3$ 1,911.2$ 1,888.2$ 1,718.0$ 2,529.8$ Less: cash and cash equivalents (781.2) (1,018.4) (624.6) (461.4) (619.3) (188.9) (260.0) (225.8) (52.4) (54.6) (84.9) (67.7) (74.2) (65.8) (65.8) Net debt 2,795.6$ 2,401.4$ 2,193.7$ 2,253.3$ 1,516.2$ 1,474.3$ 1,400.0$ 1,432.0$ 1,755.4$ 2,068.9$ 1,820.4$ 1,843.5$ 1,814.0$ 1,652.2$ 2,464.0$ Adjusted EBITDA* for the quarter ended: 6/30/2019 157.8$ —$ —$ —$ —$ —$ —$ —$ —$ —$ —$ —$ —$ —$ —$ 9/30/2019 169.1 169.1 — — — — — — — — — — — — — 12/31/2019 94.3 94.3 94.3 — — — — — — — — — — — — 3/31/2020 38.9 38.9 38.9 22.1 — — — — — — — — — — — 6/30/2020 — 147.5 147.5 130.6 130.6 — — — — — — — — — — 9/30/2020 — — 190.9 169.0 169.0 169.0 — — — — — — — — — 12/31/2020 — — — 142.9 142.9 142.9 142.9 — — — — — — — — 3/31/2021 — — — — 74.3 74.3 74.3 74.3 — — — — — — — 6/30/2021 — — — — — 229.4 229.4 229.4 229.4 — — — — — — 9/30/2021 — — — — — — 208.1 208.1 208.1 208.1 — — — — — 12/31/2021 — — — — — — — 174.1 174.1 174.1 174.1 — — — — 3/31/2022 — — — — — — — — 139.5 139.5 139.5 139.5 — — — 6/30/2022 — — — — — — — — — 307.7 307.7 307.7 307.7 — — 9/30/2022 — — — — — — — — — — 284.2 284.2 284.2 284.2 284.2 12/31/2022 — — — — — — — — — — — 178.5 178.5 178.5 178.5 3/31/2023 — — — — — — — — — — — — 113.1 113.1 113.1 6/30/2023 — — — — — — — — — — — — 290.3 290.3 TTM Adjusted EBITDA 460.1$ 449.8$ 471.6$ 464.6$ 516.8$ 615.6$ 654.7$ 685.9$ 751.1$ 829.4$ 905.5$ 909.9$ 883.5$ 866.1$ 866.1$ Net Debt Leverage 6.1x 5.3x 4.7x 4.8x 2.9x 2.4x 2.1x 2.1x 2.3x 2.5x 2.0x 2.0x 2.1x 1.9x 2.8x

becn.com16 CERTAIN 2019-2020 RESULTS BY FISCAL QUARTER (COMBINED OPERATIONS) Reconciliations: Non-GAAP Financial Measures ($M) 6/30/2019 9/30/2019 12/31/2019 3/31/2020 6/30/2020 9/30/2020 Net income (loss) 31.0$ 27.4$ (23.4)$ (122.6)$ (6.7)$ 71.9$ Interest expense, net 40.2 38.4 34.7 35.6 35.3 32.7 Income taxes 5.2 20.8 (9.6) (81.8) 46.6 18.1 Depreciation and amortization* 69.4 69.5 63.9 204.9 61.8 60.6 Stock-based compensation 4.6 3.5 5.2 4.7 3.5 3.8 Acquisition costs 5.7 3.8 3.8 (2.8) 1.6 1.8 Restructuring costs 1.7 5.7 19.7 0.9 2.0 1.2 COVID-19 impacts — — — — 3.4 0.8 Adjusted EBITDA (Combined) 157.8$ 169.1$ 94.3$ 38.9$ 147.5$ 190.9$ Three Months Ended This table is presented for purposes of reconciling Adjusted EBITDA amounts utilized in the calculation of Net Debt Leverage for historical periods presented on slide 15. We define Adjusted EBITDA as net income (loss) excluding the impact of interest expense (net of interest income), income taxes, depreciation and amortization, stock-based compensation, acquisition costs, restructuring costs, and costs directly related to the COVID-19 pandemic. * Three months ended 3/31/2020 amount includes the impact of non-cash accelerated intangible asset amortization of $142.6 million related to the write-off of certain trade names in connection with the Company’s rebranding efforts.

becn.com17 *Composed of Acquisition and Restructuring costs 2023 GUIDANCE: ADJUSTED EBITDA Reconciliations: Non-GAAP Financial Measures

becn.com18 Ambition 2025 Strategy – Resilient Through the Cycle Accelerating value creation for our customers, employees and shareholders RELENTLESS CUSTOMER FOCUS DRIVING OPERATIONAL EXCELLENCE • Branch Optimization • Beacon OTC® Network Expansion • Continuous Improvement BUILDING A WINNING CULTURE • Winning the Best Talent • Building More in Our Communities • Doing the Right Thing • Values-Based ESG DRIVE ABOVE MARKET GROWTH • Enhanced Customer Experience • Go to Market Strategy • Footprint Expansion • Margin Initiatives • Reset Business Focus • Strong Growth & Margin Trajectory • Cash Flow & Liquidity Support Share Buybacks CREATING SHAREHOLDER VALUE

Cover	Nov. 03, 2022
Cover [Abstract]
Document Type	8-K
Document Period End Date	Aug. 03, 2023
Entity Registrant Name	BEACON ROOFING SUPPLY, INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	000-50924
Entity Tax Identification Number	36-4173371
Entity Address, Address Line One	505 Huntmar Park Drive
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Herndon
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	20170
City Area Code	571
Local Phone Number	323-3939
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	BECN
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Amendment Flag	false
Entity Central Index Key	0001124941

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BECN Beacon Roofing Supply Inc