Business Wire 14-Jun-2019 1:06 PM
Beacon Roofing Supply, Inc. (NASDAQ:BECN)("Beacon" or the "Company") announced today that it was named to the 2019 Fortune 500, published by Fortune Magazine in June of each year. This is Beacon's debut appearance in the Fortune 500, where it ranked as No. 464 among all companies included in the survey.
"Being named to the Fortune 500 is a significant milestone," said Paul Isabella, Beacon's President and CEO. "Our position as one of the 500 largest companies in the United States is a testament to our ability to execute our growth plans, both organically and as our industry's leader in strategic acquisitions. This prestigious achievement is only a beginning for us, as we expect to ascend closer to the top of the Fortune 500 each year through our proven growth initiatives and industry-leading innovations like Beacon Pro+."
The Fortune 500 ranks the 500 largest U.S. corporations by total revenue for their respective fiscal years. The 2019 list reflects annual results for the most recent fiscal year ending prior to January 31, 2019. According to Fortune, "Companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. This includes private companies and cooperatives that file a 10-K or a comparable financial statement with a government agency, and mutual insurance companies that file with state regulators."
"Becoming part of the Fortune 500 speaks to the enduring passion and dedication of our employees, and our commitment to helping our hardworking customers save time and grow their businesses," said Eric Swank, the Company's COO. "The energy and momentum from this achievement will continue to drive us towards our exciting future."
About Beacon Roofing Supply
Founded in 1928, Beacon Roofing Supply is the largest publicly traded distributor of residential and commercial roofing materials and complementary building products in North America, operating over 500 branches throughout all 50 states in the U.S. and 6 provinces in Canada. Beacon serves an extensive base of over 100,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon also offers its own private label brand, TRI-BUILT, and has a proprietary digital account management suite, Beacon Pro+, which allows customers to manage their businesses online. A Fortune 500 company, Beacon's stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon and its brands, please visit www.becn.com.