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 |
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| September 30, |
| September 30, |
| September 30, |
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(dollars in thousands) |
| 2006* |
| 2005 |
| 2006* |
| 2005 |
| 2006* |
| 2005 |
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Net Sales |
| $ | 277,274 |
| $ | 231,093 |
| $ | 153,979 |
| $ | 78 |
| $ | 431,253 |
| $ | 231,171 |
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Gross Profit |
| 65,748 |
| 55,734 |
| 36,614 |
| 32 |
| 102,362 |
| 55,766 |
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Gross Margin |
| 23.7 | % | 24.1 | % | 23.8 | % | 41.0 | % | 23.7 | % | 24.1 | % | ||||||
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Operating Expenses |
| 41,194 |
| 38,046 |
| 31,414 |
| 41 |
| 72,608 |
| 38,087 |
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Operating Expenses as a % of Net Sales |
| 14.9 | % | 16.5 | % | 20.4 | % | 52.6 | % | 16.8 | % | 16.5 | % | ||||||
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Operating Income (Loss) |
| $ | 24,554 |
| $ | 17,688 |
| $ | 5,200 |
| $ | (9 | ) | $ | 29,754 |
| $ | 17,679 |
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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 |
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| September 30, 2006 |
| September 30, 2005 |
| Growth |
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(dollars in millions) |
| Net Sales* |
| Mix |
| Net Sales |
| Mix |
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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 | % | |||
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| $ | 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.