From most angles you look at the supply chain, prospects for the roofing industry are up ... and up:
- America’s largest pro-oriented construction supply companies saw sales rise 13.3% in 2012, while expanding facilities and growing payrolls, according to the latest ProSales 100 survey results.
- Industry watchers are convinced that investors are just waiting for an opening to buy into the roofing sector, which is projected to deliver steady growth and healthy margins for at least the next five years, especially if it picks up some tailwinds from a recovering housing market.
So with all these sunny figures, why is Beacon Roofing, the nation's second largest supplier of roofing materials posting gloomy figures in the second quarter? The company blamed the poor quarterly showing on reduced sales due to bad weather during the winter and lower commercial roofing activity.