How does BECN's earnings trend compare year-over-year?

Beacon Roofing Supply Inc. (BECN) has shown a significant decline in net income year-over-year, with a 1410.51% drop in annual net income from 2023 to 2024, according to the company's financial data from 2010 to 2024. This sharp decline is a notable trend that contrasts with the previous year's modest recovery and the current quarter's reported net income of $95.1 million. 1. **Significant Decline in Net Income**: - Beacon Roofing Supply's net income for the twelve months ending December 31, 2024, was $0.362 billion. - This is a substantial decrease from the previous year, where the company reported a net loss of $0.028 billion in 2023. 2. **Earnings Comparison**: - The decline in net income can be further analyzed by comparing the earnings figures year-over-year. - For instance, the net income in 2022 was $0.38 billion, which is a significant increase from the $-0.70 billion reported in 2021. 3. **Recent Performance**: - In the most recent fourth quarter, Beacon Roofing Supply reported net income of $95.1 million. - This is a notable figure compared to the previous quarter's net income of $91 million. 4. **Growth Rate and Trends**: - The company's net sales for Q3 2024 were recorded at $2.77 billion, marking a 7.3% increase from the previous year. - Despite the increase in sales, the gross margin rose only slightly to 26.3% from 26.0% in the prior year. - The net income for Q3 2024 was $145.3 million, which is a substantial amount but does not mask the overall annual decline. In conclusion, while BECN has shown a positive trend in net income for the immediate recent past and present, the long-term view indicates a significant decline in net income year-over-year. The company's recent performance highlights the importance of monitoring both short-term and long-term financial trends to fully understand its financial health and growth trajectory.