Beacon announces $225M accelerated share repurchase agreement

Beacon announced that it has entered into an accelerated share repurchase agreement, or ASR, with Citibank to repurchase $225M of Beacon’s common stock. “Creating shareholder value is central to today’s announcement to continue share repurchases under our previously announced and authorized program,” said Julian Francis, CEO of Beacon. “We continue to pursue our balanced capital allocation plan investing in growth and returns to shareholders. Our Ambition 2025 plan has demonstrated our ability to do both and, at the same time, deliver on margin improvement and cash flow. This ASR further emphasizes our confidence in the resiliency of our business model and our team’s strong execution.”