Sign in

BECN on NASDAQ

Beacon Roofing Supply

American publicly traded company

QXO, Inc. is an American publicly traded distributor and installer of building products based in Greenwich, Connecticut. After the acquisition of TopBuild Corp. in July 2026, QXO had approximately 28,000 employees, about 1,150 locations across the U.S. and Canada, and a fleet of more than 10,000 vehicles. QXO is North America's largest distributor and installer of insulation and second-largest publicly traded distributor of building products, with distribution across roofing, waterproofing, and lumber-related building materials.3 Its shares trade on NASDAQ under the symbol BECN.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

1928Founded1

Compare with QXO, Inc., BOISE CASCADE Co or ASPEN AEROGELS INC, or pick any stock.

  • TickerBECN on NASDAQ1
  • IndustryWholesale-Lumber & Other Construction Materials1
  • HeadquartersHerndon1
  • Websitewww.becn.com/welcome-to-beacon
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business address505 Huntmar Park Drive, Suite 300, Herndon, Va 201705
  • Filer categoryLarge accelerated filer5
  • LEI549300HDXQWWCBOYXP314
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE PRENTICE-HALL CORPORATION SYSTEM, INC., 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 27744094

See how the biggest companies compare on our leaderboards

QXO, Inc. is an American publicly traded distributor and installer of building products based in Greenwich, Connecticut. After the acquisition of TopBuild Corp. in July 2026, QXO had approximately 28,000 employees, about 1,150 locations across the U.S. and Canada, and a fleet of more than 10,000 vehicles. QXO is North America's largest distributor and installer of insulation and second-largest publicly traded distributor of building products, with distribution across roofing, waterproofing, and lumber-related building materials.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

25.7%Gross margin8
6.8%Operating margin8
3.7%Net margin8
7.1%Revenue growth, 20248
18.2%Return on equity8
1.33×Debt to equity8
$292.8MFree cash flow8

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue74¢$7.3B
  • Selling, general and admin17¢$1.6B
  • Other costs4¢$381.5M
  • Income tax1¢$124.0M
  • Profit4¢$361.7M

Out of $9.8B in revenue.8

Where each dollar of operating cash went, fiscal 2024

  • Capital spending30¢$126.6M
  • Share buybacks54¢$225.0M
  • Kept or used elsewhere16¢$67.8M

Out of $419.4M of cash from operations.8

Financial statements

Revenue91011128$9.8B in 2024+52% since 2018
0$2.5B$5.0B$7.5B$10.0B2018: $6.4B$6.4B20182019: $6.0B$6.0B2019−7%2020: $5.9B$5.9B2020−1%2021: $6.6B$6.6B2021+12%2022: $8.4B$8.4B2022+27%2023: $9.1B$9.1B2023+8%2024: $9.8B$9.8B2024+7%
Gross profit91011128$2.5B in 2024+57% since 2018
0$1.0B$2.0B$3.0B2018: $1.6B$1.6B20182019: $1.4B$1.4B2019−10%2020: $1.4B$1.4B2020−0%2021: $1.8B$1.8B2021+24%2022: $2.2B$2.2B2022+27%2023: $2.3B$2.3B2023+5%2024: $2.5B$2.5B2024+7%
Operating income91011128$665.4M in 2024+225% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $204.6M$204.6M20182019: $131.4M$131.4M2019−36%2020: $35.0M$35.0M2020−73%2021: $456.8M$456.8M2021+1205%2022: $703.4M$703.4M2022+54%2023: $712.2M$712.2M2023+1%2024: $665.4M$665.4M2024−7%
Net income91011128$361.7M in 2024+267% since 2018
-$200.0M0$200.0M$400.0M$600.0M2018: $98.6M$98.6M20182019: -$10.6M-$10.6M20192020: -$80.9M-$80.9M2020+663%2021: -$45.5M-$45.5M2021−44%2022: $458.4M$458.4M20222023: $435.0M$435.0M2023−5%2024: $361.7M$361.7M2024−17%
Fiscal year2018201920202021202220232024
Revenue$6.4B9$6.0B10$5.9B11$6.6B12$8.4B8$9.1B8$9.8B8
Cost of revenue$4.8B9$4.6B10$4.5B11$4.9B12$6.2B8$6.8B8$7.3B8
Gross profit$1.6B9$1.4B10$1.4B11$1.8B12$2.2B8$2.3B8$2.5B8
Selling, general and admin$1.2B9$1.1B10$1.1B11$1.1B12$1.4B8$1.5B8$1.6B8
Operating expenses$1.5B8$1.6B8$1.8B8
Operating income$204.6M9$131.4M10$35.0M11$456.8M12$703.4M8$712.2M8$665.4M8
Interest$136.5M9$153.5M10$128.6M11$98.1M12$83.7M12$126.1M12
Income before tax$619.7M8$586.1M8$485.7M8
Income tax-$30.5M9-$3.2M10-$27.0M11$77.3M12$161.3M8$151.1M8$124.0M8
Net income$98.6M9-$10.6M10-$80.9M11-$45.5M12$458.4M8$435.0M8$361.7M8
Earnings per share$1.079-$0.5110-$1.5211-$1.0012$5.668-$0.438$5.788
Earnings per share (diluted)$1.059-$0.5110-$1.5211-$0.5712$5.558-$0.438$5.688
Shares (weighted, basic)67.1M shares863.7M shares862.5M shares8
Shares (weighted, diluted)68.4M shares863.7M shares863.7M shares8

Compare Beacon Roofing Supply with another company

Corporate structure

Beacon Roofing Supply sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Beacon Roofing Supply

  • AMERICAN CENTURY INVESTMENT MANAGEMENT INC Filed SCHEDULE 13G/A on Beacon Roofing Supply, latest May 15, 2025 (5 filings since Feb 4, 2022)
  • Boston Partners Filed SCHEDULE 13G/A on Beacon Roofing Supply, latest May 12, 2025 (3 filings since Nov 13, 2024)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Beacon Roofing Supply, latest Apr 30, 2025 (5 filings since Feb 9, 2022)
  • BlackRock Filed SCHEDULE 13G/A on Beacon Roofing Supply, latest Apr 24, 2025 (5 filings since Feb 3, 2022)
  • FMR LLC Filed SCHEDULE 13G/A on Beacon Roofing Supply, latest Apr 7, 2025 (6 filings since Feb 9, 2022)
  • T. Rowe Price Investment Management, Inc. Filed SCHEDULE 13G/A on Beacon Roofing Supply, latest Feb 14, 2025 (4 filings since Feb 14, 2023)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on Beacon Roofing Supply, latest Oct 31, 2024 (4 filings since Feb 8, 2022)
  • CD&R Boulder Holdings, L.P. Filed SC 13D/A on Beacon Roofing Supply, latest Jan 22, 2024 (7 filings since Mar 4, 2022)
  • Beacon Roofing Supply Herndon, Virginia, United States
    • Beacon Roofing Supply Canada Company Subsidiary · Nova Scotia, Canada
    • Beacon Sales Acquisition, Inc. Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Beacon Roofing Supply reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$626.8M8 Dec 31, 2024$503.6M8 Dec 31, 2023+24.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$74.3M8 Dec 31, 2024$84.0M8 Dec 31, 2023−11.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.1B8 Dec 31, 2024$2.0B8 Dec 31, 2023+7.3%
Intangible assets, net (excluding goodwill)$489.1M8 Dec 31, 2024$403.5M8 Dec 31, 2023+21.2%
Indefinite-lived intangibles (excluding goodwill)$15.3M8 Dec 31, 2024$9.8M8 Dec 31, 2023+56.1%
Finite-lived intangibles, gross$1.4B8 Dec 31, 2024$1.2B8 Dec 31, 2023+13.3%
Accumulated amortization$936.7M8 Dec 31, 2024$850.8M8 Dec 31, 2023+10.1%
Finite-lived intangibles, net$473.8M8 Dec 31, 2024$393.7M8 Dec 31, 2023+20.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.4B8 Dec 31, 2024$1.2B8 Dec 31, 2023+14.6%

Properties, in its own words

As of December 31, 2024, we leased locations supporting 566 branch facilities and 5 non-branch facilities throughout the U.S. and Canada. These leased facilities range in size from approximately 2,000 square feet to 148,700 square feet. In addition, as of December 31, 2024, we owned 20 branch facilities. These owned facilities range in size from approximately 11,500 square feet to 68,000 square feet. We believe that our properties are in good operating condition and adequately serve our current business operations.

The following table summarizes the locations of our branches and facilities as of December 31, 2024:

The rest of Item 2

Location · Branches · Non-BranchFacilities

U.S. State

Alabama · 10

Alaska · 1

Arizona · 7

Arkansas · 5

California · 44

Colorado · 16

Connecticut · 6 · 1

Delaware · 3

Florida · 49

Georgia · 15

Hawaii · 2

Idaho · 2

Illinois · 18

Indiana · 8

Location · Branches · Non-BranchFacilities

Iowa · 4

Kansas · 14

Kentucky · 6

Louisiana · 9

Maine · 4

Maryland · 19

Massachusetts · 16

Michigan · 11

Minnesota · 7 · 1

Mississippi · 5

Missouri · 11

Montana · 1

Nebraska · 10

Nevada · 4

New Hampshire · 4

New Jersey · 27 · 1

New Mexico · 2

New York · 16

North Carolina · 25

North Dakota · 3

Ohio · 9

Oklahoma · 7

Oregon · 7

Pennsylvania · 30

Rhode Island · 1

South Carolina · 11

South Dakota · 2

Tennessee · 13

Texas · 43 · 1

Utah · 6

Vermont · 1

Virginia · 19 · 1

Washington · 17

West Virginia · 4

Wisconsin · 8

Wyoming · 2

Total — United States · 564 · 5

Canadian Province

Alberta · 2

British Columbia · 4

New Brunswick · 1

Nova Scotia · 1

Ontario · 7

Quebec · 6

Saskatchewan · 1

Total — Canada · 22 · —

Total — All · 586 · 5

Item 2 of the 10-K filed Feb 27, 2025.18

The story

History

In June 2024, Brad Jacobs' family office and co-investors invested $1 billion into SilverSun Technologies, a small-cap publicly traded software and IT services company, through a private investment in public equity (PIPE) consisting of $900 million from Jacobs and $100 million from co-investors, including Sequoia Heritage. Jacobs, founder and former Chief executive officer of United Rentals and XPO, Inc., became chairman and chief executive officer. Renamed QXO, the company subsequently entered building products distribution and installation through acquisitions, including Beacon Roofing Supply in 2025, and Kodiak Building Partners and TopBuild in 2026.

In January 2025, QXO launched an all-cash tender offer to acquire Beacon for approximately $11 billion. After initially resisting the offer, Beacon entered into a definitive merger agreement with QXO in March 2025. QXO completed the acquisition in April 2025.

In February 2026, QXO announced an agreement to acquire Kodiak Building Partners from Court Square Capital for $2.25 billion, and the transaction closed in April 2026. Later that month, QXO announced an agreement to acquire TopBuild for $17 billion, and the transaction closed in July 2026, adding insulation distribution and installation capabilities.

Products and services

QXO's customers include professional contractors, homebuilders, building owners, data center operators, and tradespeople in the United States and Canada. QXO sells building products, including insulation, residential and commercial roofing materials, lumber, and waterproofing. In addition, the company offers windows, doors, siding, gutters, trusses, construction supplies, and other building materials. QXO also exclusively distributes the Tri-Built brand.

Through the acquisitions of Kodiak and TopBuild, the company added installation services alongside assembly and fabrication capabilities, primarily for lumber and insulation products.

Financial information

Between June 2024 and the completion of the TopBuild acquisition in 2026, QXO raised approximately $13.5 billion through equity and equity-linked financings to support acquisitions, including a $3 billion convertible preferred stock commitment led by Apollo and Temasek in 2026.

Institutional and private investors in QXO include AustralianSuper, Franklin Templeton, ICONIQ, Jorge Paulo Lemann, Liberty Mutual, Morgan Stanley Investment Management, New York State Common Retirement Fund and Orbis Investment Management.

Following its acquisitions of Beacon, Kodiak and TopBuild, QXO reported approximately $18 billion in combined revenue and nearly $2 billion in combined adjusted EBITDA for 2025, based on actual results adjusted to reflect full-year ownership of the three companies.

From Wikipedia’s article on QXO, shared under CC BY-SA 4.0.6

Leadership

Who has led Beacon Roofing Supply, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Paul Isabella2011–2018
  2. Julian Francis2019–now

Chair

  1. Andrew R. Logie2006

President

  1. Paul Isabella2007–2018
  2. Julian Francis2019–2021
  3. Clement Munroe Best Iii.2021–2022
  4. Martin S. Harrell2022–2025
  5. Jonathan Stuart Bennett2025–now

Chief financial officer

  1. David R. Grace2006–2012
  2. Joseph M. Nowicki2013–2020
  3. Frank A. Lonegro2020–2024
  4. Carmelo Carrubba2024
  5. Prithvi Gandhi2024–now

Chief operating officer

  1. Paul Isabella2007–2010
  2. C. Eric Swank2019–2021
197019801990200020102020
Board members and other officers (30)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Beacon Roofing Supply Canada Company Nova Scotia7
  • Beacon Sales Acquisition, Inc. Delaware7

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • BEACON ROOFING SUPPLY INCJul 19, 2002 to Apr 29, 20255

Timeline

  1. Apr 29, 20258-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale61
  2. Apr 21, 20258-K Results of operations62
  3. Mar 24, 20258-K Executive or director change63
  4. Mar 20, 20258-K Other events64
  5. Mar 20, 20258-K Entered a material agreement; Change to shareholders' rights65
  6. Feb 27, 20258-K Results of operations66
  7. Feb 6, 20258-K Other events67
  8. Jan 28, 20258-K Entered a material agreement; Change to shareholders' rights; Bylaws or fiscal year changed68
  9. Jan 15, 20258-K Other events69
  10. Oct 31, 20248-K Regulation FD disclosure70
  11. Oct 30, 20248-K Results of operations71
  12. Oct 15, 20248-K Executive or director change72
  13. Aug 26, 2019New chief executive Julian Francis becomes CEO19
  14. Jan 4, 2011New chief executive Paul Isabella becomes CEO20
  15. Sep 23, 2004Went public Listed on NASDAQ1
  16. 1928Founded Founded1

Calendar

When it reported results

  1. Apr 21, 2025Reported quarterly or annual results62
  2. Feb 27, 2025Reported quarterly or annual results66
  3. Oct 30, 2024Reported quarterly or annual results71
  4. Aug 1, 2024Reported quarterly or annual results73
  5. May 2, 2024Reported quarterly or annual results74
  6. Feb 27, 2024Reported quarterly or annual results75
  7. Jan 10, 2024Reported quarterly or annual results76
  8. Nov 3, 2023Reported quarterly or annual results77

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

463 filings to the SEC since October 2021: 5 annual reports, 11 quarterly reports, 51 major events, 239 insider forms, 39 large holders, 118 other. The latest 20:

  1. May 15, 2025SCHEDULE 13G/A EDGAR
  2. May 12, 2025SCHEDULE 13G/A EDGAR
  3. May 9, 202515-12G EDGAR
  4. Apr 30, 2025SCHEDULE 13G/A EDGAR
  5. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  6. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  7. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  8. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  9. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  10. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  11. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  12. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  13. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  14. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  15. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  16. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  17. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  18. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  19. Apr 29, 20254 PRIMARY DOCUMENT EDGAR
  20. Apr 29, 20254 PRIMARY DOCUMENT EDGAR

The 463 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

56 open-market trades by officers, directors and large owners since October 2021: 12 buys and 44 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 7, 2025Bennett Jonathan StuartPresident, North DivisionSale8,487$122.14$1.0MForm 4
Apr 4, 2025Taylor Jason LPresident, West DivisionSale31,124$123.37$3.8MForm 4
Apr 4, 2025Harrell Martin S.President, WaterproofingSale2,867$123.25$353.4KForm 4
Apr 4, 2025McDevitt Sean M.EVP & CHROSale5,882$123.00$723.5KForm 4
Apr 4, 2025Reddy Christine StrohEVP & General CounselSale6,196$123.46$765.0KForm 4
Apr 4, 2025Best Clement Munroe IIIPresident, South DivisionSale29,724$123.05$3.7MForm 4
Apr 3, 2025Nelson Christopher CarlEVP & CTOSale16,595$123.61$2.1MForm 4
Nov 18, 2024Taylor Jason LPresident, West DivisionSale2,600$110.00$286.0KForm 4
Nov 8, 2024Best Clement Munroe IIIPresident, South DivisionSale7,037$103.14$725.8KForm 4
Nov 6, 2024Best Clement Munroe IIIPresident, South DivisionSale5,637$100.47$566.4KForm 4
Nov 6, 2024Gosa James JEVP & CCOSale12,734$100.34$1.3MForm 4
Oct 7, 2024Taylor Jason LPresident, West DivisionSale2,600$90.00$234.0KForm 4
Sep 11, 2024Taylor Jason LPresident, West DivisionSale2,500$79.78$199.5KForm 4
Aug 7, 2024Gandhi PrithviEVP & CFOBuy5,000$82.29$411.4KForm 4
Aug 2, 2024Nelson Christopher CarlEVP & CTOSale1,627$85.00$138.3KForm 4
Jun 28, 2024Nelson Christopher CarlEVP & CTOSale2,955$91.11$269.2KForm 4
May 23, 2024RANDLE STUART ADirectorSale7,000$94.80$663.6KForm 4
May 20, 2024Francis JulianPresident & CEOSale9,841$97.91$963.5KForm 4
Mar 28, 2024Nelson Christopher CarlEVP & CTOSale3,268$93.87$306.8KForm 4
Mar 21, 2024Taylor Jason LPresident, West DivisionSale1,805$95.00$171.5KForm 4

All 56 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jul 28, 2020Carol D. MillerRepublican, HouseSale$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Beacon Roofing Supply is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARQXO BUILDING PRODUCTS, INC.2
  • CIK0001124941
  • Employer ID (EIN)36-417337118
  • LEI571-323-39392
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)5030 Wholesale-Lumber & Other Construction Materials2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address505 Huntmar Park Drive, Suite 300, Herndon, VA 201702
  • Phone571-323-39392
  • Shares outstanding62,161,753 as of Apr 18, 202515
  • Public float$5.6B as of Jun 30, 202418
  • AuditorErnst & Young LLP, Tysons, Virginia PCAOB ID 42; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceJul 19, 20022
  • Filings1,489 in all: 4 (672), 8-K (200), SC 13G/A (101), 10-Q (61), 3 (51), SC 13G (45), SC TO-T/A (34), 144 (33)2
    All 54 form types

    DFAN14A (22), 10-K (21), DEF 14A (20), SC 14D9/A (20), 11-K (19), CORRESP (18), DEFA14A (18), UPLOAD (18), SC 13D/A (14), ARS (12), 4/A (10), 8-K/A (9), S-8 (9), S-8 POS (9), SCHEDULE 13G/A (9), 424B4 (6), 5 (6), 424B1 (5), S-1/A (5), SC14D9C (4), 3/A (3), POSASR (3), S-3/A (3), S-3ASR (3), CT ORDER (2), D (2), REGDEX (2), SC 13D (2), 10-K/A (1), 10-QT (1), 11-KT (1), 15-12G (1), 15-15D (1), 25-NSE (1), 424B3 (1), 424B5 (1), 5/A (1), 8-A12B (1), 8-A12G (1), EFFECT (1), S-1 (1), S-3 (1), S-4 (1), S-4/A (1), SC 14D9 (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Feb 27, 2025
    Quarterly report (10-Q) Apr 28, 2025
    Proxy statement (DEF 14A) Apr 3, 2024
    Latest 8-K (8-K) Apr 29, 2025

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valueBECNNASDAQ Global Select Market
Preferred Stock Purchase RightsNASDAQ Global Select Market

From the cover page of the 10-K filed Feb 27, 2025 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Beacon Roofing Supply names in Item 1A of its 10-K filed Feb 27, 2025: 20 risks under these headings, as written.18

  • Risks Related to Product Supply and Vendor Relations
  • An inability to obtain the products that we distribute could result in lost revenues and reduced margins and damage relationships with customers.
  • A change in supplier pricing and demand could adversely affect our income and gross margins.
  • A change in vendor rebates could adversely affect our income and gross margins.
  • Risks Related to Acquisitions and our Growth Strategy
  • We may not be able to identify potential acquisition targets or successfully complete acquisitions on acceptable terms, which could slow our inorganic growth rate.
  • We may not be able to effectively integrate newly acquired businesses into our operations or achieve expected cost savings or profitability from our acquisitions.
  • Our growth strategy depends on our ability to identify attractive markets and locations and if we are unable to do so our growth and profitability could be adversely affected.
  • A measure of our success is dependent on maintaining our safety record, and an injury to, or death of, any of our employees, customers, or members of the general public related to our business activities could result in material liabilities and reputational injury.
  • Risks Related to Unsolicited Acquisition Proposals and Actions to Acquire Control of our Company
  • Unsolicited acquisition proposals and attempts to acquire control of the Company could cause us to incur significant expense, disrupt our business, result in a proxy contest or litigation and impact our stock price.
  • Risks Related to Cyclicality, Seasonality, and Weather
The other 11 risks
  • Cyclicality in our business and general economic conditions could result in lower revenues and reduced profitability.
  • Seasonality, weather-related conditions, and natural disasters may have a significant impact on our financial results.
  • Risks Related to Information Technology
  • If we encounter interruptions in the proper functioning of our information technology systems, including from cybersecurity threats, we could experience material problems with our operations, including inventory, collections, customer service, cost control, and business plan execution that could have a material adverse effect on our financial results, including unanticipated increases in costs or decreases in net sales.
  • Risks Related to Capitalization and Capital Structure
  • An impairment of goodwill and/or other intangible assets could reduce net income.
  • We might need to raise additional capital, which may not be available, thus limiting our growth prospects.
  • Major disruptions in the capital and credit markets may impact both the availability of credit and business conditions.
  • Our level and terms of indebtedness could adversely affect our ability to raise additional capital to fund our operations, take advantage of new business opportunities, and prevent us from meeting our obligations under our debt instruments.
  • Despite our current level of indebtedness, we may be able to incur substantially more debt and enter into other transactions which could add to the risks to our financial condition described above.
  • Risks Related to Human Capital
  • Loss of key talent or our inability to attract and retain new qualified talent could hurt our ability to operate and grow successfully.
  • Our business may be adversely affected by work stoppages, union negotiations, labor disputes and other matters associated with our labor force or the labor force of our suppliers or customers.
  • Regulatory Risk
  • Our activities and operations are subject to numerous laws and regulations and we could become subject to newly enacted laws and regulations, compliance with which could increase our general and administrative costs. If we violate such laws or regulations, we could face penalties and fines or be required to curtail operations.

Legal proceedings

From time to time, we are involved in legal proceedings and governmental investigations arising in the ordinary course of business, including product-related, personal injury, employment, environmental, property, or commercial matters. These proceedings may also include actions brought against us with respect to corporate matters and transactions in which we were involved. The defense of these proceedings and governmental investigations may require significant expense and require management’s time and attention and, depending on the resolution of the proceedings and investigations, we could be required to pay damages or fines. We accrue a liability for legal claims when payments associated with the claims become probable and the loss can be reasonably estimated. The actual costs of resolving legal claims may be substantially higher or lower than the amounts accrued for those claims, and insurance or indemnification rights may be insufficient or unavailable to protect the Company against all loss exposures. Our reputation could be negatively affected by publicity resulting from adverse outcomes in legal proceedings or governmental investigations.

See Note 14 in the Notes to the Consolidated Financial Statements for information about pending legal proceedings and governmental investigations.

The opening of Item 3, Legal Proceedings.18

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
    SEC EDGAROther events
  65. 65
  66. 66
  67. 67
    SEC EDGAROther events
  68. 68
  69. 69
    SEC EDGAROther events
  70. 70
  71. 71
  72. 72
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85