Professional Documents
Culture Documents
Students should focus on the worksheet tab "BECN Revenue Data". That includes 10 years of historic
It also contains important secondary source information on volume and price trends for residential and
The remaining tabs in the file are reference data that is summarized in the BECN Revenue Data tab. S
udes 10 years of historical revenue and price data for Beacon Roofing
trends for residential and non-residential construction markets
ECN Revenue Data tab. Students should not need to access that material directly.
Beacon Roofing
Fiscal Year ending September 30
2005
$851
2,051
$477
86.2
$552.61
2006
$1,501
2007
$1,646
$732
$448
$321
$692
$606
$348
6.0%
6.0%
6.0%
6.0%
$111
$539
$104.62
0.0%
0.0%
0.0%
0.0%
($49)
$195
($49.40)
1,920
-6.4%
$531
92.4
$573.85
1,441
-25.0%
$619
95.2
$650.12
2008
$1,784
2009
$1,734
2010
$1,610
2011
$1,817
2012
$2,044
2013
$2,241
2014
$2,327
2015
$2,515
$758
$724
$302
$897
$600
$237
$746
$621
$243
$850
$718
$249
$1,024
$758
$262
$1,101
$823
$317
$1,109
$876
$342
$1,236
$883
$396
1.0%
8.5%
3.5%
4.3%
$113
$113
$108.10
0.0%
0.0%
3.0%
1.0%
$23
$174
$22.47
-2.7%
-1.1%
0.0%
-1.3%
$62
$24
$62.99
-2.5%
0.0%
2.0%
-0.2%
$102
$86
$102.47
727
25.4%
$571
102.3
$557.99
898
23.4%
$561
103.8
$540.76
992
10.5%
$597
106.6
$559.72
1091.5
10.0%
$658
109.9
$598.52
1,025
-28.9%
$705
102.8
$685.94
584
-43.0%
$680
99.8
$681.63
591
1.1%
$566
97.8
$578.56
580
-1.8%
$534
98.9
$539.54
note
ResidentialNon-Residen
Complementary (milliprice residential non-residenComplementary
$732
$692
$758
$897
$746
$850
$1,024
$1,101
$1,109
$1,236
$448
$606
$724
$600
$621
$718
$758
$823
$876
$883
$321
$348
$302
$237
$243
$249
$262
$317
$342
$396
note:
6.0%
0.0%
2.1%
8.0%
0.0%
4.0%
1.0%
0.0%
-2.7%
-2.5%
6.0%
0.0%
2.1%
8.0%
0.0%
5.5%
8.5%
0.0%
-1.1%
0.0%
6.0%
0.0%
2.1%
8.0%
0.0%
5.5%
3.5%
3.0%
0.0%
2.0%
6.0%
0.0%
2.1%
8.0%
0.0%
5.0%
4.3%
1.0%
-1.3%
-0.2%
change in
Non-Res Con
Non-Res Pri
$477
86.2
-6.4%
$531
92.4
-25.0%
$619
95.2
-28.9%
$705
102.8
-43.0%
$680
99.8
1.1%
$566
97.8
-1.8%
$534
98.9
25.4%
$571
102.3
23.4%
$561
103.8
10.5%
$597
106.6
10.0%
$658
109.9
Jan-2002
Feb-2002
Mar-2002
Apr-2002
May-2002
Jun-2002
Jul-2002
Aug-2002
Sep-2002
Oct-2002
Nov-2002
Dec-2002
Jan-2003
Feb-2003
Mar-2003
Apr-2003
May-2003
Jun-2003
Jul-2003
Aug-2003
Sep-2003
Oct-2003
Nov-2003
Dec-2003
Jan-2004
Feb-2004
Mar-2004
Apr-2004
May-2004
Jun-2004
Jul-2004
Aug-2004
Sep-2004
Oct-2004
Nov-2004
Value
475,704
470,946
453,504
453,776
451,789
439,777
437,034
434,698
432,040
437,702
437,914
439,165
440,816
436,519
432,969
433,996
440,570
444,683
437,224
443,163
447,628
450,477
435,494
439,815
434,867
432,730
449,328
449,690
446,200
449,728
457,154
456,204
459,706
459,293
467,050
Dec-2004
Jan-2005
Feb-2005
Mar-2005
Apr-2005
May-2005
Jun-2005
Jul-2005
Aug-2005
Sep-2005
Oct-2005
Nov-2005
Dec-2005
Jan-2006
Feb-2006
Mar-2006
Apr-2006
May-2006
Jun-2006
Jul-2006
Aug-2006
Sep-2006
Oct-2006
Nov-2006
Dec-2006
Jan-2007
Feb-2007
Mar-2007
Apr-2007
May-2007
Jun-2007
Jul-2007
Aug-2007
Sep-2007
Oct-2007
Nov-2007
Dec-2007
Jan-2008
Feb-2008
Mar-2008
Apr-2008
May-2008
Jun-2008
Jul-2008
Aug-2008
465,609
464,914
472,845
474,543
477,037
484,170
483,170
484,528
489,660
495,687
496,421
501,333
508,540
514,379
521,157
530,712
536,398
540,532
550,909
553,906
555,719
556,000
555,162
566,451
583,666
593,821
600,773
611,969
619,841
640,082
649,987
651,962
670,260
685,585
697,446
693,764
691,443
701,465
703,545
705,622
708,748
712,307
708,203
714,369
709,631
Sep-2008
Oct-2008
Nov-2008
Dec-2008
Jan-2009
Feb-2009
Mar-2009
Apr-2009
May-2009
Jun-2009
Jul-2009
Aug-2009
Sep-2009
Oct-2009
Nov-2009
Dec-2009
Jan-2010
Feb-2010
Mar-2010
Apr-2010
May-2010
Jun-2010
Jul-2010
Aug-2010
Sep-2010
Oct-2010
Nov-2010
Dec-2010
Jan-2011
Feb-2011
Mar-2011
Apr-2011
May-2011
Jun-2011
Jul-2011
Aug-2011
Sep-2011
Oct-2011
Nov-2011
Dec-2011
Jan-2012
Feb-2012
Mar-2012
Apr-2012
May-2012
711,378
719,495
714,390
698,121
683,052
695,544
701,425
681,444
676,002
667,626
658,954
640,671
624,874
608,151
593,816
578,227
554,834
548,827
555,633
563,877
563,233
565,331
545,989
552,814
558,141
553,797
552,523
540,998
506,791
508,976
518,707
517,105
524,586
544,259
538,781
548,384
551,086
548,215
553,635
561,456
567,241
568,161
571,468
573,386
584,148
Jun-2012
Jul-2012
Aug-2012
Sep-2012
Oct-2012
Nov-2012
Dec-2012
Jan-2013
Feb-2013
Mar-2013
Apr-2013
May-2013
Jun-2013
Jul-2013
Aug-2013
Sep-2013
Oct-2013
Nov-2013
Dec-2013
Jan-2014
Feb-2014
Mar-2014
Apr-2014
May-2014
Jun-2014
Jul-2014
Aug-2014
Sep-2014
Oct-2014
Nov-2014
Dec-2014
Jan-2015
Feb-2015
Mar-2015
Apr-2015
May-2015
Jun-2015
Jul-2015
Aug-2015
Sep-2015
Oct-2015
Nov-2015
Dec-2015
588,698
583,801
577,335
575,081
574,609
567,098
564,083
546,934
553,235
542,752
554,243
560,254
562,840
568,725
569,595
571,917
586,653
592,378
591,876
585,740
584,754
584,191
594,547
610,999
601,179
605,719
609,658
614,531
622,967
616,964
628795
625218
626814
642471
671295
688688
691761
691677
694400
691511
693727
688096
NA
note: get the "revised data" from the "value of construction put in place" data
https://www.census.gov/construction/c30/c30index.html
of Dollars]
2004
2004
2004
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2005
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2008
2008
2008
2008
2008
10
11
12
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
4
5
6
7
8
9
10
11
12
1
2
3
4
5
data
153.1
152.9
152.1
153.9
155.2
157
157.7
157.4
158.5
159.8
160.7
163.2
165.5
162.7
163.3
165.3
165.1
166.6
169.1
170.6
171.9
172.7
173.4
170.8
169.6
169.5
169.9
169.7
170.7
172.6
174.5
175.9
176.1
177.2
175.8
176.3
176.3
178.9
178.1
179.3
180.3
183.9
186.7
190.9
2008
2008
2008
2008
2008
2008
2008
2009
2009
2009
2009
2009
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
2009
2009
2009
2009
2009
2009
2009
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2010
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
2011
M06
M07
M08
M09
M10
M11
M12
M01
M02
M03
M04
M05
M06
M07
M08
M09
M10
M11
M12
M13
M01
M02
M03
M04
M05
M06
M07
M08
M09
M10
M11
M12
M13
6
7
8
9
10
11
12
1
2
3
4
5
100.0
98.1
97.9
97.6
97.8
97.7
97.6
97.8
97.8
97.6
97.9
97.9
97.8
97.9
97.8
97.8
98.2
98.1
98.1
97.9
98.6
98.5
98.6
99.4
99.4
99.4
100.5
100.6
100.5
102.0
102.1
102.0
100.1
106.81
108.955
108.46
108.9
105.875
102.575
100.1
100.1
99.055
98.395
98.615
99.055
100
98.1
97.9
97.6
97.8
97.7
97.6
97.8
97.8
97.6
97.9
97.9
97.8
97.9
97.8
97.8
98.2
98.1
98.1
97.9
98.6
98.5
98.6
99.4
99.4
99.4
100.5
100.6
100.5
102
102.1
102
100.1
194.2
198.1
197.2
198
192.5
186.5
182
182
180.1
178.9
179.3
180.1
181.5
180.3
182.4
181.8
181.4
182.6
182.6
184.7
184.3
186.7
188.5
189.6
188.4
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
WPU801
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2012
2013
2013
2013
2013
2013
2013
2013
2013
2013
2013
2013
2013
2013
2014
2014
2014
2014
2014
2014
2014
2014
2014
2014
2014
M01
M02
M03
M04
M05
M06
M07
M08
M09
M10
M11
M12
M13
M01
M02
M03
M04
M05
M06
M07
M08
M09
M10
M11
M12
M13
M01
M02
M03
M04
M05
M06
M07
M08
M09
M10
M11
2014 M12
2015 m01
2015 m02
2015 m03
2015 m04
2015 m05
2015 m06
2015 m07
102.7
102.7
102.8
103.3
103.3
103.3
103.3
103.4
103.3
103.5
103.5
103.5
103.2
104.0
104.0
103.9
104.4
104.5
104.5
105.1
105.1
105.3
106.7
106.8
106.9
105.1
107.5
107.6
107.6
107.9
108.0
108.1
108.4
108.6
108.6
109.1
109.1
p
p
p
p
109.2
109.7
109.7
109.7
109.7
109.8
109.8
110.4
102.7
102.7
102.8
103.3
103.3
103.3
103.3
103.4
103.3
103.5
103.5
103.5
103.2
104
104
103.9
104.4
104.5
104.5
105.1
105.1
105.3
106.7
106.8
106.9
105.1
107.5
107.6
107.6
107.9
108
108.1
108.4
108.6
108.6
2015 m08
2015 m09
110.5
110.4
136.2
136.6
136.8
136.8
136.9
137.0
137.5
137.8
138.8
138.9
139.2
139.1
137.6
140.5
142.0
144.0
146.3
148.2
148.4
149.2
150.8
151.7
153.1
152.9
152.1
148.3
153.9
155.2
157.0
157.7
157.4
158.5
159.8
160.7
163.2
165.5
162.7
163.3
159.6
153.1
152.9
152.1
148.3
153.9
155.2
157
157.7
157.4
158.5
159.8
160.7
163.2
165.5
162.7
163.3
159.6
NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD--
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2006
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2007
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2009
2009
2009
2009
2009
2009
M01
M02
M03
M04
M05
M06
M07
M08
M09
M10
M11
M12
M13
M01
M02
M03
M04
M05
M06
M07
M08
M09
M10
M11
M12
M13
M01
M02
M03
M04
M05
M06
M07
M08
M09
M10
M11
M12
M13
M01
M02
M03
M04
M05
M06
165.3
165.1
166.6
169.1
170.6
171.9
172.7
173.4
170.8
169.6
169.5
169.9
169.6
169.7
170.7
172.6
174.5
175.9
176.1
177.2
175.8
176.3
176.3
178.9
178.1
175.2
179.3
180.3
183.9
186.7
190.9
194.2
198.1
197.2
198.0
192.5
186.5
182.0
189.1
182.0
180.1
178.9
179.3
180.1
181.5
165.3
165.1
166.6
169.1
170.6
171.9
172.7
173.4
170.8
169.6
169.5
169.9
169.6
169.7
170.7
172.6
174.5
175.9
176.1
177.2
175.8
176.3
176.3
178.9
178.1
175.2
179.3
180.3
183.9
186.7
190.9
194.2
198.1
197.2
198
192.5
186.5
182
189.1
182
180.1
178.9
179.3
180.1
181.5
NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD-NDUBBLD--BBLD--
2009
2009
2009
2009
2009
2009
2009
2010
2010
2010
2010
2010
M07
M08
M09
M10
M11
M12
M13
M01
M02
M03
M04
M05
180.3
182.4
181.8
181.4
182.6
182.6
181.1
184.7
184.3
186.7
188.5
189.6
NDUBBLD--BBLD--
2010
M06
188.4
180.3
182.4
181.8
181.4
182.6
182.6
181.1
184.7
184.3
186.7
188.5
189.6
188.4
0.550964
0.544093
0.536732
0.536854
0.53914
0.535049
0.534502
0.529507
0.530657
0.522764
0.519363
0.51635
0.519108
Exhibit 1
Net Sales (millions)
Existing Market Increase
BECN Sales
2005
$851
$851
2006
$1,501
$111
$962
2007
$1,646
($49)
$1,452
2008
$1,784
$19
$1,665
2009
$1,734
($51)
$1,734
2010
$1,610
($150)
$1,584
2011
$1,817
$147
$1,757
2012
$2,044
$113
$1,930
2013
$2,241
$23
$2,067
2014
$2,327
$62
$2,303
2015
$2,515
$102
$2,429
2016
2017
0.00%
2006
-10.00%
2007
2008
2009
2010
-20.00%
Year
Column F
Linear (Column
00%
00%
00%
00%
00%
00%
2006
00%
2007
2008
2009
2010
00%
Year
Column F
Linear (Column F)
2011
2012
2013
2014
2015
-6.59%
-28.72%
-34.04%
-40.45%
-14.70%
-1.85%
22.66%
21.05%
10.00%
9.57%
102.17%
-51.08%
-14.31%
76.73%
-44.18%
-81.09%
179.18%
-65.23%
11.33%
35.67%
Exhibit 2
SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
0.7997095375
0.6395353443
0.4593030164
0.0958489498
10
ANOVA
df
Regression
Residual
Total
Intercept
Housing Starts Growth Rate
Non Res. Growth Rate
Re-Roofing Growth Rate by disasters
3
6
9
SS
0.0977975176
0.0551221271
0.1529196446
Coefficients
0.1008152156
-0.0515925008
1.3185412227
-0.0239196298
Standard Error
0.032437827
0.1445672061
0.4194836355
0.0410215229
Predicted Y
0.1295172463
0.2923978173
0.1925024181
0.0950190836
-0.0971853225
0.0290945416
0.0905865502
0.0642161874
0.1383845336
0.1761651485
Residuals
0.0552722812
0.0974739692
-0.1173214995
0.0284997241
-0.0444865765
0.0815147349
0.0378032532
0.0268543933
-0.0409600418
-0.1246502382
RESIDUAL OUTPUT
Observation
1
2
3
4
5
6
7
8
9
10
MS
F
Significance F
0.0325991725 3.548394 0.0874205025
0.0091870212
t Stat
3.1079521925
-0.3568755474
3.1432482967
-0.5830995077
Standard Residuals
0.7062617076
1.2455091491
-1.4991181977
0.3641656063
-0.5684434366
1.0415842193
0.4830448388
0.3431417925
-0.5233818543
-1.5927638251
P-value
Lower 95%
Upper 95%
Lower 95.0%
0.020903 0.0214427122 0.1801877189 0.0214427122
0.733401 -0.4053357106 0.302150709 -0.4053357106
0.019985 0.2921017437 2.3449807017 0.2921017437
0.581065 -0.1242956803 0.0764564207 -0.1242956803
Upper 95.0%
0.1801877189
0.302150709
2.3449807017
0.0764564207
Exhibit 3
2005 Average Price Inflation
2006
6.00%
2007
0.00%
2008
2.10%
2009
8.00%
2010
0.00%
2011
5.00%
2012
4.33%
2013
1.00%
2014
-1.27%
2015
-0.17%
Commodity Prices
118.3
120.76
134.94
172.37
120.72
152.31
192.41
186.26
183.34
171.84
111.19
2.101%
SUMMARY OUTPUT
Macro-economic Inflation
2.50%
4.10%
0.10%
2.70%
1.50%
3.00%
1.70%
1.50%
0.80%
0.70%
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
0.4208025551
0.1770747904
-0.0580466981
0.0322226084
10
ANOVA
df
Regression
Residual
Total
2
7
9
Intercept
Growth Commodity Prices
Macro-economic Inflation
Coefficients
0.0055849012
-0.0238662809
1.0358692267
RESIDUAL OUTPUT
Observation
SS
MS
F
Significance F
0.0015639245 0.000782 0.7531204041 0.5055467045
0.0072680755 0.001038
0.008832
Standard Error
t Stat
P-value
Lower 95%
Upper 95%
0.0194698385 0.286849 0.7825328797
-0.040453951 0.0516237535
0.0457493125 -0.521675 0.6179907969 -0.1320462147 0.084313653
0.8900699094 1.163807 0.2826318652 -1.0688116667 3.1405501202
Lower 95.0%
Upper 95.0%
-0.040453951 0.0516237535
-0.1320462147 0.084313653
-1.0688116667 3.1405501202
Exhibit 4
Revenue is a function of three entities: Organic Growth, Price Inflation and Acqisitions.
Year
7.40%
SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
0.494350735
0.2443826492
0.0284919775
0.1708186774
10
ANOVA
df
Regression
Residual
Total
Intercept
Organic Growth Rate
Price Inflation
2
7
9
SS
0.0660597911
0.2042531437
0.2703129349
Coefficients
0.0150261563
0.4481701119
1.7422906121
Standard Error
0.082256454
0.4417327294
1.8380684839
Residuals
0.3650939669
-0.0975384888
-0.0047981679
-0.2381939989
-0.0257297448
-0.0307598483
-0.0303440058
0.0187493478
0.0010378023
0.0424831375
RESIDUAL OUTPUT
Observation
1
2
3
4
5
6
7
8
9
10
MS
F
Significance F
0.0330298956 1.131974 0.3750219834
0.0291790205
t Stat
P-value
Lower 95%
Upper 95%
0.1826744957 0.860231 -0.1794794497 0.2095317622
1.0145730259 0.344087 -0.5963618128 1.4927020365
0.9478921092 0.374751 -2.6040507011 6.0886319253
Standard Residuals
2.4234916976
-0.64745994
-0.0318502114
-1.5811304242
-0.1707939011
-0.2041836996
-0.2014233395
0.1244580649
0.0068889256
0.2820028278
Lower 95.0%
-0.1794794497
-0.5963618128
-2.6040507011
Upper 95.0%
0.2095317622
1.4927020365
6.0886319253