What are the key factors behind Beacon Roofing's Q2 2024 revenue performance?

Beacon Roofing's Q2 2024 revenue performance was impacted by several key factors: 1. **Residential Roofing Products Segment Growth**: This segment saw a revenue growth rate of 9.1% year-over-year, which was slightly below the three-analyst average estimate of 10.3%. The company's residential roofing products net sales were $927.40 million, compared to the estimated $927.71 million. 2. **Complementary Building Products Segment Growth**: This segment experienced a revenue growth rate of 5.4%, whereas the average estimate from analysts was 2.7%. The company's complementary building products net sales were not explicitly disclosed, but this segment's performance indicates a positive contribution to overall revenue. 3. **Non-Residential Roofing Products Segment Growth**: This segment showed a robust revenue growth rate of 17.6%, which was significantly higher than the three-analyst average estimate of 9.1%. The company's non-residential roofing products net sales were $456.4 million. 4. **Overall Revenue Performance**: Beacon Roofing reported a total revenue of $1.91 billion for Q2 2024, which surpassed the Zacks Consensus Estimate by 1.80%. This indicates a strong overall performance, despite some segments slightly underperforming analyst estimates. In summary, Beacon Roofing's Q2 2024 revenue performance was driven by strong growth in its non-residential roofing products segment and a solid overall revenue surpassing expectations, although some segments, like residential roofing products, performed slightly below analyst estimates.