Beacon Roofing Supply, Inc. (NASDAQ:BECN) Q3 2022 Earnings Call Transcript

So, that was fundamentally the strategy. I mean one of the things that Beacon is going to bring to Coastal is a range of capabilities that they have not had. But in their business plan going forward, wanted to build out. Digital private label greenfield capabilities, when a $250 million company says they want to do greenfields, they don’t talk about 15. We can now say how do we expand that, so yes, greenfields will certainly be a piece of our strategy going forward. And we are bringing a whole new set of capabilities to Coastal and to the rest of our waterproofing branches now where we feel that this is going to be core to our growth strategy in this space. But it’s also, like I said, about digital, about private label, there is a whole host of things that we can bring to the Coastal team that they have been wanting to build out that we have in place.

We also think that it’s a terrific complement to our roofing business. These do overlap. We see them overlap with existing customers. We see it in our specialized waterproofing branches that there is a strong technical capability. And it is a fragmented market that we believe we can play into very, very well.

Operator: Thank you. That concludes the questions. Now, I would like to turn the call back over to Mr. Francis for his closing comments.

End of Q&A:

Julian Francis: Thank you, Megan, and thank you all for joining us today. Let me close today by thanking more than 7,000 team members for their really continued hard work and dedication in this very dynamic environment. Again, our thoughts and prayers go out to the teams and all of the people affected by Hurricane Ian in Florida. I know we have got a lot of people down in that area. There is a lot of devastation and we are certainly open to providing the support to both our employees and to the communities down there. I wish you all the very best for the holidays. And thank you. Be safe, and have a good evening.

Operator: That concludes the Beacon third quarter 2022 earnings conference call. Thank you for your participation. You may now disconnect your lines.