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● ● ● ● BEACON REPORTS THIRD QUARTER 2021 RESULTS Record quarterly net sales , generated by favorable residential demand , strong pricing execution , and improving non - residential backdrop Significant gross margin expansion through focused pricing implementation , combined with timing benefit and cost - effective procurement Operating expense leverage demonstrates execution on efficiency initiatives ; continued impact of COVID - 19 on certain expense categories Record net income and Adjusted EBITDA performance , yielding mid - single digit net income margins and double digit Adjusted EBITDA margins Improving inventory position , renewed balance sheet strength , and expected cash generation provide foundation to invest in growth HERNDON , VA .- ( BUSINESS WIRE ) -August 5 , 2021 - Beacon ( Nasdaq : BECN ) ( the " Company " ) announced results today for its third quarter and nine - month period ended June 30 , 2021 . 1 " I am extremely proud of the Beacon team , which delivered record - setting performance in the third quarter , " said Julian Francis , Beacon's President and Chief Executive Officer . " Solid demand for our products , combined with strong price performance , drove record quarterly sales and enhanced gross margins . I am especially pleased with the progress we are making on our strategic initiatives that are focused on top line growth and operational improvement , which led to the highest Adjusted EBITDA in our history . In the last two quarters , we have restored financial flexibility to our balance sheet , added seasoned leadership to our executive team and focused our business on our core exterior products - all of which , combined with our expanded ESG initiative , underpin our ability to sustainably generate high quality returns for our stakeholders . I am excited about our progress towards achieving our full potential as we help our customers build more . " Third Quarter and Year - to - Date Financial Highlights ( Unaudited ; $ in millions , except per share amounts ) Net sales BEACON 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 1 % of net sales¹ Adjusted EBITDA¹ % of net sales¹ Net income ( loss ) from continuing operations per share diluted ( " EPS " ) $ 1,872.1 $ 517.4 A LA $ $ $ $ Q3 2021 $ 27.6 % 336.6 18.0 % 308.5 16.5 % 79.8 4.3 % 139.9 7.5 % 229.5 12.3 % 0.91 $ $ $ $ $ $ $ $ Q3 2020 1,549.3 368.7 23.8 % 293.5 18.9 % 256.5 16.6 % ( 4.1 ) ( 0.2 % ) 59.3 3.8 % 130.6 8.4 % $ $ 4,766.6 $ 4,161.7 $ 1,249.9 $ 979.2 26.2 % 23.5 % $ $ YTD 2021 $ 951.2 $ 20.0 % 862.6 18.1 % 116.7 2.4 % 233.1 4.9 % 446.7 9.4 % GA $ $ $ YTD 2020 $ 1,060.6 25.5 % 815.7 19.6 % ( 149.5 ) ( 3.6 % ) 55.1 1.3 % 229.5 5.5 % ( 0.14 ) 1.40 $ ( 2.43 ) 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 .