- Beacon Roofing Supply Inc (NASDAQ:BECN) has acquired First Coastal Exteriors LLC, with locations in Mobile, Alabama and Pearl, Mississippi. The financial terms of the transaction were not disclosed.
- First Coastal distributes complementary residential and commercial building products, including siding, gutter products, and windows.
- “This acquisition is another exciting addition as we continue to expand our footprint and drive toward achieving our Ambition 2025 growth targets,” said Munroe Best, Beacon’s President of the South Division.
- Beacon held $84.9 million in cash and equivalents as of September 30, 2022.
- Price Action: BECN shares are trading higher by 0.25% at $52.98 on the last check Wednesday.
- Photo Via Company
US Stock Futures Down; Big Tech Earnings In Focus
Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Tuesday after recording gains in the previous session. The Dow Jones jumped by more than 400 points on Monday after all the three major indices recorded their best week since June.
