Beacon announces preliminary financial results for q2 2020

Beacon announces preliminary financial results for q2 2020 and provides covid-19 business update.sees q2 2020 sales about $1.46 billion.sees q2 2020 sales up 2 percent.beacon roofing supply- qtrly preliminary adjusted ebitda is estimated to range between $30.0 and $40.0 million.beacon roofing supply - during april, most our markets experienced modest negative impacts with mid-to-high single digit daily sales decreases compared to last year.beacon roofing supply - overall april daily sales are down about 20% year-over-year.withdrawing fiscal 2020 full-year expectations.beacon roofing supply - have implemented furloughs in both operating & non-operating functions, reduced salaries.significantly restricted capital expenditures.beacon roofing supply - cost-cutting actions include reduction in seasonal & temporary hiring, cuts in overtime hours and reduced hourly schedules.proactively drew down our revolver to improve financial flexibility.beacon roofing supply - anticipate positive operating cash flow during second half of fiscal year 2020.
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