Bryan Gottlieb

3 weeks ago | roofingcontractor.com | Bryan Gottlieb

A new report from Wolfe Research, shared with investors on Friday, provides a comprehensive analysis of QXO’s financial condition following the acquisition of Beacon, offering a generally positive outlook along with an outperform rating. The analysis shows that QXO has assembled a strong balance sheet and impressive cash flow; however, for continued growth, it will be crucial for the company to manage integration effectively and handle elevated leverage.

3 weeks ago | roofingcontractor.com | Bryan Gottlieb

Kingspan Group plc is set to deepen its foothold in the U.S. roofing industry, flirting with the idea of moving into residential asphalt shingle production in a bid to capture a share of the $24 billion North American residential roofing market. The Irish building materials company announced on June 5 that it plans to increase its U.S. roofing investment by $250 million, lifting its total commitment to $1 billion over the next five years, according to Dublin-based Goodbody Stockbrokers.

3 weeks ago | roofingcontractor.com | Bryan Gottlieb

O’Hara’s Son Roofing, a portfolio company of Angeles Equity Partners, announced it has acquired Total Systems Roofing, a Crystal Lake, Ill.–based commercial roofing provider, marking OSR’s second acquisition since it was formed as a new portfolio platform under Angeles Equity Partners in mid-2024. According to a news release on Tuesday, the integration of Total Systems Roofing’s regional footprint will accelerate OSR’s national expansion strategy and strengthen its presence in the Midwest.

3 weeks ago | roofingcontractor.com | Bryan Gottlieb

Low Slope RoofingRoofing News Nonresidential construction spending dipped slightly in April, leaving roofing contractors to navigate a market marked by modest public‐sector support amid weakening private demand. According to the latest figures from the U.S. Census Bureau, total construction for April reached a seasonally adjusted annual rate of $2.152 trillion, a 0.4% decline from March and 0.5% below the level recorded in April 2024.

3 weeks ago | roofingcontractor.com | Bryan Gottlieb

Aluminum tariffs doubled to 50% on Wednesday, sending domestic metal premiums up more than half since April and driving material price spikes across manufacturing and construction. That increase follows a series of actions that began in mid-March, when the administration restored a 25 percent duty on aluminum imports — ending exemptions for Canada, Mexico, the European Union and Japan — and imposed a “smelted and cast” requirement for duty-free status.