Owens Corning exceeded Q3 2024 estimates with strong earnings and net sales, driven by strategic shifts to high-margin products and divestments, achieving $4.38 EPS, $3.05B in sales, and improved cash flow despite market challenges.
Nastar Roofing owner William Skaggs and payroll administrator Billie Adkison admitted to a $2.5 million employment tax fraud scheme, paying employees in cash but failing to withhold taxes or report that income to the IRS.
QXO appoints Ashwin Rao as Chief AI Officer to lead AI integration in demand forecasting, inventory, and e-commerce, aiming to make QXO a tech leader in building products distribution.
The Florida Roofing and Sheet Metal Contractors Association says changes to regulations allowing roofers to perform wind mitigation will speed recovery efforts and ease insurance burdens
Industry experts and trade groups, such as the Florida Roofing and Sheet Metal Contractors Association, are urging Florida regulators to allow roofing contractors to install hurricane straps during reroofing.
A roof collapse at a railway station in Novi Sad, Serbia, resulted in the deaths of 14 people, with several others injured. Rescue efforts continued throughout the night as crews worked to recover bodies from the rubble and assist survivors.
A struggling roofer and a self-absorbed real estate agent clash in a one-man show titled "Roof," which forces the latter to confront his narcissism and mental health issues.
In September, U.S. construction spending rose by 0.1% to $2.14T, with private residential projects driving a slight increase; public-sector construction grew by 0.5%, totaling $495.2B.
Meet Dennis Bresette and Jason
Seura, principals of Lee's Summit, Mo.-based Green River Roofing & Construction, a residential and commercial contracting firm that earns about 90% of its revenue from residential roofing jobs on U.S. military bases.
Beacon reported Q3 2024 net income of $145.3 million, with an adjusted EPS of $2.80, missing analyst expectations of $2.88; despite lower activity, CEO Julian Francis emphasized strong demand and effective margin management.