What impact did interest expenses have on Beacon Roofing's Q3 2024 results?

Interest expenses had a significant impact on Beacon Roofing's Q3 2024 results, reducing the net income by a substantial amount. The company's net income for the quarter was $145.3 million, while the interest expenses were $48.7 million. This means that the interest expenses accounted for a substantial portion of the net income, specifically $48.7 million, of which $145.3 million was the total net income.

|code|Ticker|Name|Date|Interest Expenses|Interest Expenses YoY|market_code|
|---|---|---|---|---|---|---|
|BECN|BECN.O|Beacon Roofing|2023 Q4|3.71E7|46.06299212598425|185|
|BECN|BECN.O|Beacon Roofing|2024 Q1|3.86E7|38.84892086330935|185|
|BECN|BECN.O|Beacon Roofing|2024 Q2|4.54E7|74.61538461538461|185|
|BECN|BECN.O|Beacon Roofing|2024 Q3|4.87E7|38.35227272727273|185|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|BECN|BECN.O|Beacon Roofing|2023 Q4|29.740791268758528|9.51E7|185|
|BECN|BECN.O|Beacon Roofing|2024 Q1|-77.41935483870968|5600000|185|
|BECN|BECN.O|Beacon Roofing|2024 Q2|-17.29518855656697|1.272E8|185|
|BECN|BECN.O|Beacon Roofing|2024 Q3|-9.919404835709859|1.453E8|185|

The impact of interest expenses on the net income can be calculated by subtracting the interest expenses from the net income. This gives us $145.3 million - $48.7 million = $96.6 million. This means that after accounting for the interest expenses, Beacon Roofing had a net income of $96.6 million for Q3 2024.

|code|Ticker|Name|Date|Net Income YoY|Interest Expenses|Net Income|market_code|
|---|---|---|---|---|---|---|---|
|BECN|BECN.O|Beacon Roofing|2023 Q4|29.740791268758528|3.71E7|9.51E7|185|
|BECN|BECN.O|Beacon Roofing|2024 Q1|-77.41935483870968|3.86E7|5600000|185|
|BECN|BECN.O|Beacon Roofing|2024 Q2|-17.29518855656697|4.54E7|1.272E8|185|
|BECN|BECN.O|Beacon Roofing|2024 Q3|-9.919404835709859|4.87E7|1.453E8|185|