Topbuild Corp Stock Price, News & Analysis

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.

TopBuild (NYSE:BLD) has completed the acquisition of Progressive Roofing for $810 million in an all-cash transaction. Progressive Roofing, previously owned by Bow River Capital, is a leading commercial roofing installation services provider with $438 million in revenue and $89 million in EBITDA for the trailing 12 months ended March 31, 2025.

The Phoenix-based company employs over 1,700 people across 12 branches, with 70% of revenue coming from non-discretionary re-roofing and maintenance, and 30% from new construction. This strategic acquisition positions TopBuild in the $75 billion commercial roofing sector, expanding its building envelope solutions and increasing exposure to non-cyclical revenue streams.

TopBuild (NYSE:BLD), a leading installer and specialty distributor of insulation and building materials in the United States and Canada, will release its second quarter 2025 results before 7:00 a.m. Eastern on Tuesday, August 5.

The company will host a conference call at 9:00 a.m. Eastern to discuss the results. Investors can participate by dialing 1-877-407-9037 (US) or 1-201-493-6738 (International). A live webcast will also be available through TopBuild's website.

TopBuild operates through its Installation segment with over 200 branches across the US and its Specialty Distribution network of more than 150 branches in the US and Canada.

TopBuild (NYSE:BLD) has announced the acquisition of Progressive Roofing for $810 million in an all-cash transaction. Progressive Roofing, currently owned by Bow River Capital, generated $438 million in revenue and $89 million in EBITDA for the trailing 12 months ended March 31, 2025.

The acquisition represents a 9.1x EBITDA multiple (8.6x post-synergies) and is expected to be immediately accretive to earnings. Progressive Roofing employs over 1,700 people across 12 branches, with approximately 70% of revenue coming from non-discretionary re-roofing and maintenance services, and 30% from new construction.

The transaction is expected to close in early Q3 2025, funded through TopBuild's expanded credit facility and cash on hand. The pro forma Net Debt to Adjusted EBITDA ratio will be approximately 1.6x.

TopBuild (NYSE: BLD) has successfully extended and upsized its senior secured credit facilities to $2.25 billion, with maturities extended to May 2030. The new facilities include a $1.0 billion term loan, a $1.0 billion revolving credit facility, and a $250.0 million delayed draw term loan. The facilities will bear interest at SOFR plus 1.25% per annum, subject to a leverage-based pricing grid adjustment. CFO Rob Kuhns highlighted that this refinancing demonstrates strong banking partner support and enhances the company's liquidity and financial flexibility to execute its capital allocation strategy.

TopBuild Corp. (NYSE:BLD) reported Q1 2025 results with total sales declining 3.6% to $1.23 billion. The Installation segment saw a 6.7% decline, while Specialty Distribution grew 2.6%. The company maintained strong profitability with an adjusted EBITDA margin of 19.0% and adjusted gross margin of 29.6%.

Key financial metrics include net income of $123.4 million and earnings per diluted share of $4.23. During Q1, TopBuild returned $215.6 million to shareholders through share repurchases, acquiring 693,881 shares. The company also announced the acquisition of Seal-Rite Insulation, a Nebraska-based insulation installer generating approximately $15 million in annual revenue.

TopBuild confirmed its full-year 2025 outlook with expected sales between $5.05-$5.35 billion and adjusted EBITDA of $925-$1,075 million.