Business

Beacon Roofing Supply moves headquarters from Peabody to Virginia

Beacon Roofing is a leading distributor of roofing materials in 39 US states and six Canadian provinces.
Beacon Roofing is a leading distributor of roofing materials in 39 US states and six Canadian provinces.Reuters/File 2013

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Robert W. Baird downgraded Beacon Roofing Supply Inc. from “outperform” to “neutral,” benzinga.com reported. In the most recent quarter, net income was $27.2 million, versus $25.4 million in the 2012 quarter. Diluted income per share was 55 cents, compared to an adjusted 62 cents a year earlier. Separately, Beacon said in a press release that it’s moving its corporate headquarters from Peabody to Herndon, Va., following the recent move of its finance department to Herndon under a new CFO.

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