Edition:
United Kingdom

Beacon Roofing Supply Sees Q2 Adjusted Loss Per Share $0.45 To $0.55


Monday, 25 Mar 2019 

March 25 (Reuters) - Beacon Roofing Supply Inc ::SEES Q2 ADJUSTED LOSS PER SHARE $0.45 TO $0.55.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $2.90 TO $3.35.FULL-YEAR 2019 ADJUSTED EPS EXPECTED TO MEET LOWER END OF GUIDANCE RANGE.RESULTS FOR Q2 ENDED MARCH 31, 2019 WILL BE IMPACTED BY UNFAVORABLE WEATHER CONDITIONS.EXTREMELY HARSH WEATHER CONDITIONS, MOSTLY IN FEBRUARY AND EARLY MARCH, WILL RESULT IN A Q2 ADJUSTED EPS MISS.THROUGH MID-MARCH, HARSH WEATHER HAS NEGATIVELY IMPACTED 40% TO 75% OF CO'S AVAILABLE SELLING DAYS, DEPENDING ON GEOGRAPHY."WE ANTICIPATE RE-CAPTURING SOME OF THE QUARTER'S DEFERRED VOLUMES AND MARGIN DURING THE SECOND HALF OF 2019".BELIEVE NEGATIVE IMPACT OF HARSH WEATHER RELATED CIRCUMSTANCES WILL BE ISOLATED TO Q2.Q2 EARNINGS PER SHARE VIEW $-0.25 -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $3.13 -- REFINITIV IBES DATA.