How did Beacon Roofing's revenue and expenses perform in Q4 2024?

Beacon Roofing Supply Inc. (BECN) demonstrated robust financial performance in Q4 2024, with notable achievements in revenue growth and improved profitability compared to the same period the previous year. Below is a detailed analysis of BECN's revenue and expense performance in Q4 2024:

1. **Revenue Performance**:
- BECN reported a significant increase in total net sales for the three months ended September 30, 2024, with $2,772.6 million in revenue.
- This represents a substantial year-over-year growth of over 7% in net sales.
- The company's daily sales grew by nearly 6% year-over-year, indicating a strong sales momentum.
2. **Expense Management**:
- The gross profit margin improved to 26.3%, which is a 30 basis point increase from the previous year.
- The adjusted operating expense was $443 million, reflecting an increase of approximately $48 million year-over-year.
- Despite the increase in operating expenses, the company's income from operations reached $246.7 million.
3. **Profitability**:
- BECN achieved a net income of $145.3 million for the three months ended September 30, 2024.
- This marked a significant turnaround from the net loss of $262.8 million reported in the same period the previous year.
- The net income per common share - basic was $2.34, and diluted was $2.30, indicating a solid profitability per share.
4. **Cash Flow and Leverage**:
- The company reported a robust operating cash flow of nearly $250 million in the third quarter.
- The net debt leverage was approximately 3.1 times, which is slightly above the targeted range of 2 to 3.

In conclusion, Beacon Roofing Supply Inc. showcased strong revenue growth and effective expense management in Q4 2024, contributing to its improved profitability and cash flow performance. The company's strategic initiatives, such as acquisitions and branch openings, have likely played a significant role in driving its financial success.