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● ● ● BEACON REPORTS SECOND QUARTER 2021 RESULTS Strong execution and favorable residential trends drove record second quarter net sales , seasonally strong net income ( loss ) , and record Adjusted EBITDA , from continuing operations Second quarter net sales leveraged attractive residential demand , while gross margins benefited from healthy pricing environment and favorable mix Successful divestiture of Interior Products business sharpens management focus on growth in core exteriors business Accretive refinancing transactions in Q3 will result in improved balance sheet strength , enhanced flexibility and lower cash interest costs HERNDON , VA .- ( BUSINESS WIRE ) -May 6 , 2021 - Beacon ( Nasdaq : BECN ) ( the " Company " ) announced results today for its second quarter and six - month period ended March 31 , 2021 . BEACON Second Quarter and Year - to - Date Financial Highlights ( Unaudited ; $ in millions , except per share amounts ) Net sales Gross profit Gross margin % Operating expense % of net sales Adjusted Operating Expense¹ % of net sales¹ Net income ( loss ) from continuing operations % of net sales Adjusted Net Income ( Loss ) ¹ % of net sales¹ Adjusted EBITDA¹ % of net sales¹ Net income ( loss ) from continuing operations per share diluted ( " EPS " ) $ GA $ GA $ $ $ $ $ $ Q2 2021 1,318.0 332.8 25.3 % 310.0 23.5 % 278.2 21.1 % ( 10.5 ) ( 0.8 % ) 22.1 1.7 % 74.4 5.6 % $ GA $ CA GA GA EA Q2 2020 1,197.1 270.4 22.6 % 446.0 37.3 % 274.0 22.9 % ( 121.3 ) ( 10.1 % ) ( 22.4 ) ( 1.9 % ) 22.1 1.8 % $ 2,894.5 $ $ $ $ $ YTD 2021 $ $ 2,612.5 732.5 $ 610.6 25.3 % 23.4 % 614.6 $ 21.2 % 554.1 19.1 % $ 36.9 $ 1.3 % 93.1 $ 3.2 % 217.2 $ 7.5 % 0.35 YTD 2020 767.1 29.4 % 559.2 21.4 % ( 145.3 ) ( 5.6 % ) ( 4.2 ) ( 0.2 % ) 98.9 3.8 % ( 0.24 ) ( 1.85 ) $ $ ( 2.29 ) 1 Please see the included financial tables for a reconciliation of " Adjusted " non - GAAP financial measures to the most directly comparable GAAP financial measure , as well as further detail on the components driving the net changes over the comparative periods . " Continued execution by our team resulted in impressive second quarter performance , " said Julian Francis , Beacon's President and Chief Executive Officer . " Strong residential demand and effective sales and pricing performance drove record second quarter net sales . I am particularly pleased with our gross margin performance , cost management and the operating leverage we generated on higher sales , the combination of which led to record second quarter Adjusted EBITDA . Our quarterly results , coupled with the successful divestiture of our Interior Products business , have allowed us to significantly reduce leverage , strengthen our balance sheet and sharpen our focus on the growth and profitability of our exteriors business . We are excited about our progress and look forward to a very successful 2021 as we continue to help our customers build more . "