Continue to strategically invest in initiatives to drive toward Ambition 2025 targets: Expect to remain acquisitive consistent with the enhanced M&A pipeline. Continued acceleration in greenfield investment to yield at least 15 new locations in 2023. New share repurchase program of $500M inclusive of $112M remaining authorization under current program. Beacon is well-positioned for 2023 and to deliver on Ambition 2025 targets.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on BECN:
- Beacon initiated with a Hold at Zelman
- Beacon adds locations to support more Texas contractors
- Beacon price target raised to $81 from $79 at Deutsche Bank
- Deutsche shuffles ratings in repair and remodel sector, upgrades Pool
- Beacon acquires First Coastal Exteriors with locations in Alabama, Mississippi
