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TopBuild Corp. - $BLD STOCK NEWS

Welcome to our dedicated page for TopBuild news (Ticker: $BLD), a resource for investors and traders seeking the latest updates and insights on TopBuild stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TopBuild's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TopBuild's position in the market.

Rhea-AI Summary

TopBuild Corp. (NYSE:BLD) reported first-quarter results with sales growing 1.1% to $1.3 billion, gross margin expanding to 30.3%, and adjusted EBITDA margin increasing to 19.8%. The company also announced a $1 billion share repurchase authorization and raised its 2024 outlook due to strong performance and recent acquisitions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.02%
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buyback earnings
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News
Rhea-AI Summary

TopBuild Corp. (NYSE:BLD) has announced the acquisition of Insulation Works, based in Wickes, Ark., a residential, commercial, and agricultural installer generating $28 million in annual revenue. This acquisition expands TopBuild's expertise to the agricultural market, with the transaction expected to close in May. The President and CEO of TopBuild, Robert Buck, expressed excitement about the addition of Insulation Works, highlighting the strategic importance of targeting businesses in the core area of insulation for future growth.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.02%
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Rhea-AI Summary

TopBuild Corp. (NYSE:BLD) has achieved the 2024 Great Place to Work Certification for the second year in a row. The certification is based on employee feedback and recognizes the company's commitment to creating a positive workplace culture. Robert Buck, President and CEO, highlighted the company's dedication to supporting employee development and providing career opportunities.

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Rhea-AI Sentiment
End-of-Day
0.83%
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none
Rhea-AI Summary
TopBuild Corp. (NYSE:BLD) announced the mutual termination of its agreement to acquire Specialty Products and Insulation, citing the inability to agree on terms that would obtain regulatory approval. The termination fee of $23 million was paid following the withdrawal of filings. TopBuild sees a total addressable market of over $18 billion, with plans to drive growth through acquisitions.
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Rhea-AI Sentiment
End-of-Day
2.72%
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Rhea-AI Summary
TopBuild Corp. (NYSE:BLD) will release its first quarter results on May 7, followed by a conference call at 9:00 A.M. The company is a key player in the insulation and building material products industry in the US and Canada.
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Rhea-AI Sentiment
End-of-Day
0.44%
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Rhea-AI Summary
TopBuild Corp. (NYSE:BLD) reports strong financial performance with sales increasing 1.7% to $1.3 billion in Q4 and 3.7% to $5.2 billion for the full year. Gross margin expands, and adjusted EBITDA margin improves. The company provides optimistic 2024 sales and adjusted EBITDA outlook.
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Rhea-AI Sentiment
End-of-Day
-5.23%
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Rhea-AI Summary
TopBuild Corp. (NYSE:BLD) has announced the acquisition of Pest Control Insulation, a company generating approximately $24 million in revenue in 2023. The acquisition is expected to close within 30 days and is seen as a strategic addition to TopBuild's Specialty Distribution segment. Robert Buck, President and CEO of TopBuild, expressed enthusiasm for the acquisition, citing Pest Control Insulation's specialized products and blue-chip client base.
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Rhea-AI Sentiment
End-of-Day
0.86%
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Rhea-AI Summary
TopBuild Corp. (NYSE:BLD) will release its fourth quarter and year-end 2023 results on February 28, followed by a conference call to review its financial results. The company is a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada.
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Rhea-AI Sentiment
End-of-Day
2.18%
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Rhea-AI Summary
TopBuild Corp (NYSE:BLD) CFO to participate in live fireside chat at Stephens Annual Investment Conference on November 15 at 1:00 p.m. Central Time. The 45-minute presentation will be webcast. Replay available on company's website.
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Rhea-AI Sentiment
End-of-Day
3.05%
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conferences
Rhea-AI Summary
TopBuild Corp. reports solid operating results for Q3 2023 with a 1.9% increase in net sales and strong margins. The non-residential business performs well with mid-single digit volume growth. The company's focus on productivity and operational efficiencies contributes to its success. TopBuild expects to remain active in acquisitions and has completed four acquisitions so far. The company also plans to acquire Specialty Products and Insulation for $960 million. The 2023 outlook shows a projected sales range of $5.13 billion to $5.21 billion.
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Rhea-AI Sentiment
End-of-Day
4.27%
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TopBuild Corp.

NYSE:BLD

BLD Rankings

BLD Stock Data

12.62B
31.33M
0.43%
97.45%
1.8%
All Other Specialty Trade Contractors
Construction
Link
United States of America
DAYTONA BEACH

About BLD

topbuild is the leading installer and distributor of insulation products to the united states construction industry, based on revenue. we provide insulation installation services nationwide through our truteamsm business, which has over 190 installation branches located in 43 states; we distribute insulation and other building products nationwide through our service partners® business from our 72 distribution centers located in 35 states; and in addition to our core product and service expertise, we are a leader in building science through topbuild home services, inc. and its environments for living® program. topbuild corp., an independent, publically traded company, was formed in 2015 from the spin-off of masco corporation’s installation and other services businesses.