Beacon Has Record Sales

Beacon’s fourth quarter sales slipped 0.6 per cent to $2.018 billion. Profits in the quarter reached to a company record net income of $71.9 million compared to a net income of $27.4 billion in the fourth quarter 2019. However, it posted a net loss of $80.9 million for the full year compared to a net loss of $10.6 million for all of 2019. In the fourth quarter, residential roofing product sales increased 6.2 per cent, non-residential roofing product sales decreased 11.7 per cent, and complementary product sales decreased 1.5 per cent compared to the prior year.