8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 8, 2020

BEACON ROOFING SUPPLY, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware	000-50924	36-4173371
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

505 Huntmar Park Drive, Suite 300, Herndon, VA 20170

(Address of Principal Executive Offices) (Zip Code)

(571) 323-3939

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Common Stock, $0.01 par value	BECN	NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure

On June 8, 2020, Beacon Roofing Supply, Inc. (the “Company”) issued a press release announcing its participation in the William Blair 40th Annual Growth Stock Conference on June 9, 2020, and in conjunction, provided a business update to offer continued visibility into the Company's performance during the COVID-19 pandemic. A copy of the press release is attached hereto as Exhibit 99.1.

The information in Item 7.01, including Exhibit 99.1, of this Form 8-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information in this Form 8-K shall not be incorporated by reference into any filing under the Securities Act of 1933, except as shall otherwise be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit Index
Exhibit Number	Description
99.1	Beacon Roofing Supply, Inc. press release dated June 8, 2020.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	BEACON ROOFING SUPPLY, INC.
Date: June 8, 2020	By:	/s/ FRANK A. LONEGRO
		Frank A. Lonegro
		Executive Vice President & Chief Financial Officer

EX-99.1

Exhibit 99.1

BEACON TO PRESENT AT WILLIAM BLAIR CONFERENCE;

PROVIDES BUSINESS UPDATE

HERNDON, Va.—(BUSINESS WIRE)—June 8, 2020—Beacon (Nasdaq: BECN) (the “Company”)announced today that Julian Francis, President & Chief Executive Officer, and Frank Lonegro, Executive Vice President & Chief Financial Officer, will participate in the virtual William Blair 40th Annual Growth Stock Conference on June 9, 2020.

A link to the most recent Beacon investor presentation is available on the Investor Relations page of the Company's website.

In conjunction with its participation in the conference, the Company is providing the following business updates to offer continued visibility into the Company's performance during the COVID-19 pandemic:

• May 2020 consolidated daily sales improved significantly compared to the approximately 20% year-over-year decline experienced in April, with May’s daily sales decreasing only low-single digits compared to the prior year.

• The Company’s average daily sales in May 2020 improved sequentially each week, as economies are re-opening and we are beginning to experience a return to more normal seasonality for our business.

• In May 2020, the Company produced low-single digit year-over-year daily sales improvement in geographies that have seen less restrictions throughout the pandemic. In the other 10 jurisdictions where our business was most heavily impacted by the virus, daily sales improved materially in May on a sequential basis as states began to loosen restrictions. In those 10 areas, on a year-over-year basis, May’s daily sales finished down approximately 11%, compared to the roughly 45% year-over-year decline experienced in April.

• Operating in the COVID-19 environment, quarter-to-date performance has exceeded our expectations and is benefitting from a heightened focus on generating operating leverage as sales return. On the strength of our operating performance and strong working capital management, our cash position at the end of May improved meaningfully since the end of our Fiscal second quarter.

Julian Francis, Beacon’s President and Chief Executive Officer stated, “While health and safety during this unprecedented pandemic remains our top priority, the Beacon team has remained intensely focused upon operational performance and financial strength amidst the market uncertainty from COVID-19. I am particularly pleased with the improvement in daily sales we experienced in May versus April’s virus induced trough. Even in the metropolitan areas still limiting construction activity, we have seen significant improvement as economies begin to re-open. The speed and decisiveness of our cost and liquidity actions over the past three months gives me great confidence in our ability to emerge from COVID-19 a stronger company.”

Forward-Looking Statements

This release contains information about management's view of the Company's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, the impact of the COVID‑19 pandemic on the construction sector, in general, and the financial position and operating results of our Company, in particular, which cannot be predicted and could change rapidly, and those set forth in the "Risk Factors" section of the Company's latest Form 10-K and Form 10-Q. In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point, the Company specifically disclaims any obligation to do so, other than as required by federal securities laws. These forward-

looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release.

About Beacon

Founded in 1928, Beacon is a Fortune 500, publicly-traded distributor of residential and commercial 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 110,000 customers, utilizing its vast branch network and diverse service offerings to provide high-quality products and support throughout the entire business lifecycle. Beacon 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. Beacon’s stock is traded on the Nasdaq Global Select Market under the ticker symbol BECN. To learn more about Beacon, please visit www.becn.com.

CONTACT:

Brent Rakers, Director, Investor Relations

Brent.Rakers@becn.com

901-232-2737

XML

Document And Entity Information	Jun. 08, 2020
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jun. 08, 2020
Entity Registrant Name	BEACON ROOFING SUPPLY, INC.
Entity Central Index Key	0001124941
Entity Emerging Growth Company	false
Entity File Number	000-50924
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-4173371
Entity Address, Address Line One	505 Huntmar Park Drive
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Herndon
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	20170
City Area Code	571
Local Phone Number	323-3939
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Security 12b Title	Common Stock, $0.01 par value
Trading Symbol	BECN
Security Exchange Name	NASDAQ