Topbuild Corp Stock Price, News & Analysis

TopBuild (NYSE:BLD) reported Q3 2025 sales of $1.39B and an adjusted EBITDA margin of 19.8%, with sales up 1.4% including acquisitions. Management raised full‑year 2025 guidance to $5.35–$5.45B in sales and $1.01–$1.06B in adjusted EBITDA to include SPI and four recent acquisitions.

The company completed or announced acquisitions totaling about $1.20B in annual revenue and expects ~$1.08B of cash deployed in Q4 2025. Year‑to‑date share repurchases totaled 1.326M shares for $417.1M with $770.9M remaining authorization.

TopBuild (NYSE:BLD) announced four acquisitions and an agreement to acquire a fifth business on Nov 3, 2025, adding about $53 million of combined annual revenue.

The company completed purchases of Insulation Fabrics (~$6.1M revenue, Alpharetta GA), Diamond Door Products (~$30.4M revenue, Hempstead TX; locations in Albany GA and Elkhart IN), and Performance Insulation Fabricators (~$8.9M revenue, Nashville TN). TopBuild also agreed to acquire L&L Insulation (~$7.2M revenue, Fort Collins CO) with the transaction expected to close in November 2025.

Management said the deals expand specialty distribution product offerings, add metal building door fabrication capacity, and broaden installation services in the mountain states.

TopBuild (NYSE:BLD) completed an all-cash acquisition of Specialty Products and Insulation (SPI) for $1.0 billion, closing on Oct 7, 2025. SPI generated approximately $700M revenue and $75M EBITDA for the trailing 12 months ended June 30, 2025. The deal was funded with cash on hand and proceeds from a September senior notes issuance. TopBuild expects $35–$40M of annual run-rate cost synergies within two years, which reduces the effective transaction multiple to about 8.3x EBITDA and is expected to be immediately accretive to EPS.

The acquisition expands fabrication capabilities, extends TopBuild's geographic footprint across North America, strengthens exposure to commercial and industrial end markets, and increases non-cyclical recurring revenue.

TopBuild (NYSE:BLD) will release third quarter 2025 results before 7:00 a.m. Eastern on Tuesday, November 4, 2025. A conference call to review financial results will follow at 9:00 a.m. Eastern the same day.

Investors may join the live call by dialing 1-877-407-9037 (U.S.) or 1-201-493-6738 (international) about ten minutes before the start. A live, listen-only webcast is available via the BLD Q3 Earnings Webcast or on the company website at www.topbuild.com.

TopBuild (NYSE:BLD), a leading installer of insulation and commercial roofing products in the United States and Canada, has announced its upcoming Investor Day scheduled for December 9, 2025 in New York City. The event will begin at 8:00 a.m. ET.

The presentation will feature CEO Robert Buck, CFO Rob Kuhns, and other senior leaders who will provide detailed insights into the company's business model, growth strategies, capital allocation, and long-term financial objectives. The event will include Q&A sessions and lunch for in-person attendees, with registration details to be announced. A live webcast will be available for those unable to attend in person.

TopBuild (NYSE:BLD), a leading installer of insulation and commercial roofing products in the US and Canada, has announced the pricing of its $750.0 million senior notes offering due 2034. The notes will carry an interest rate of 5.625% and are expected to close on September 25, 2025.

The notes will be guaranteed by TopBuild's wholly owned domestic subsidiaries that are borrowers or guarantors under the company's credit agreement. The proceeds will be used for general corporate purposes, including potential acquisitions. The offering is subject to customary closing conditions and the notes will not be registered under the Securities Act.

TopBuild (NYSE:BLD), a leading installer of insulation and commercial roofing materials in the US and Canada, has announced a private offering of $750 million senior notes due 2034. The notes will be offered to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S of the Securities Act.

The notes will be guaranteed by TopBuild's wholly owned domestic subsidiaries that are borrowers or guarantors under the company's credit agreement. The company plans to use the proceeds for general corporate purposes, including potential acquisitions. The offering is subject to market conditions and completion is not guaranteed.

TopBuild (NYSE:BLD) reported Q2 2025 results with sales of $1.3 billion, down 5.0% year-over-year, and achieved an adjusted EBITDA margin of 20.1%. The company's Installation segment saw an 8.3% decrease while Specialty Distribution grew 1.1%.

In a significant move, TopBuild completed the $810 million acquisition of Progressive Roofing in July 2025, expanding into the commercial roofing services sector. The company has updated its 2025 guidance to include Progressive Roofing, projecting sales of $5.15-$5.35 billion and adjusted EBITDA of $970-$1,070 million.

During Q2, TopBuild demonstrated strong shareholder returns by repurchasing 454,802 shares for $136.0 million, with year-to-date buybacks totaling $351.6 million. The company maintains $836.4 million in remaining share repurchase authorization.

TopBuild Corp. (NYSE: BLD) has acquired Progressive Roofing from Bow River Capital in an all-cash transaction valued at $810 million. Progressive Roofing, headquartered in Phoenix, Arizona, is a leading commercial roofing services provider specializing in re-roofing, maintenance, and new construction across various sectors.

Under Bow River Capital's ownership since September 2021, Progressive Roofing has significantly expanded its operations, growing to over 1,700 employees and completing three strategic acquisitions. The company has strengthened its market position through investments in talent, technology, and operational excellence, serving education, technology, industrial, healthcare, and government markets.