Business

Mass. Movers

Beacon Roofing slips to loss in quarter

Paul Isabella, Beacon’s CEO, said he expects a rebound the second half of fiscal 2013.
Essdras M Suarez/Globe staff/File
Paul Isabella, Beacon’s CEO, said he expects a rebound the second half of fiscal 2013.
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Peabody’s Beacon Roofing Supply Inc. reported a second-quarter net loss of $161 thousand or break-even per share, compared to profit of $3.14 million or 7 cents last year. The company said the decline in earnings was due to higher operating expenses, including acquired branch expenses, partially offset by the impact from higher gross profit and lower interest expense. Net sales increased to $416.28 million from $395.16 million last year. Existing market sales fell 5.1 percent.