Exhibit 99.1
Beacon Roofing Supply, Inc.
Supplemental Fourth-Quarter Financial Information
(Unaudited)
The following is a summary of our results of operations for the fourth quarters of fiscal 2006 and 2005, broken down by existing markets and acquired markets:
For the Three Months Ended | | Existing Markets** | | Acquired Markets | | Consolidated | |
| | September 30, | | September 30, | | September 30, | |
(dollars in thousands) | | 2006* | | 2005 | | 2006* | | 2005 | | 2006* | | 2005 | |
| | | | | | | | | | | | | |
Net Sales | | $ | 277,274 | | $ | 231,093 | | $ | 153,979 | | $ | 78 | | $ | 431,253 | | $ | 231,171 | |
| | | | | | | | | | | | | |
Gross Profit | | 65,748 | | 55,734 | | 36,614 | | 32 | | 102,362 | | 55,766 | |
Gross Margin | | 23.7 | % | 24.1 | % | 23.8 | % | 41.0 | % | 23.7 | % | 24.1 | % |
| | | | | | | | | | | | | |
Operating Expenses | | 41,194 | | 38,046 | | 31,414 | | 41 | | 72,608 | | 38,087 | |
Operating Expenses as a % of Net Sales | | 14.9 | % | 16.5 | % | 20.4 | % | 52.6 | % | 16.8 | % | 16.5 | % |
| | | | | | | | | | | | | |
Operating Income (Loss) | | $ | 24,554 | | $ | 17,688 | | $ | 5,200 | | $ | (9 | ) | $ | 29,754 | | $ | 17,679 | |
Operating Margin (Loss) | | 8.9 | % | 7.7 | % | 3.4 | % | -11.5 | % | 6.9 | % | 7.6 | % |
The following is a summary of our total net sales by product group for the fourth quarter:
For the Three Months Ended | | | | | | | | | | | | | |
| | September 30, 2006 | | September 30, 2005 | | Growth | |
(dollars in millions) | | Net Sales* | | Mix | | Net Sales | | Mix | | | | | |
Residential roofing products | | $ | 211.4 | | 49.0 | % | $ | 94.2 | | 40.7 | % | $ | 117.2 | | 124.4 | % |
Non-residential roofing products | | 129.9 | | 30.1 | % | 85.2 | | 36.9 | % | 44.7 | | 52.5 | % |
Complementary building products | | 90.0 | | 20.9 | % | 51.8 | | 22.4 | % | 38.2 | | 73.7 | % |
| | | | | | | | | | | | | |
| | $ | 431.3 | | 100.0 | % | $ | 231.2 | | 100.0 | % | $ | 200.1 | | 86.5 | % |
* The fourth quarter of fiscal 2006 had three additional business days compared to the fourth quarter of fiscal 2005.
** Includes branches that have been under our ownership for at least four full fiscal quarters at the start of the reporting period.