Topbuild Corp Stock Price, News & Analysis

TopBuild Corp. (NYSE:BLD) has completed its acquisition of American Building Systems (ABS), enhancing its position in the insulation market. ABS, which generates approximately $144 million in annual revenue, operates 34 branches mainly in the eastern U.S., with 94% of revenue from insulation installation. This acquisition aligns with TopBuild's strategy, following three others over the past year expected to yield nearly $270 million in revenue. CEO Robert Buck anticipates improved service capabilities and successful integration of ABS, marking a significant expansion for TopBuild.

TopBuild Corp. (NYSE:BLD) has successfully closed a private offering of $400 million in 3.625% senior notes due 2029. The proceeds will be used to redeem existing 5.625% senior unsecured notes maturing in 2026, alongside covering associated fees and expenses. The notes are not registered under the Securities Act and cannot be sold without proper registration or exemption. TopBuild, based in Daytona Beach, is a prominent installer and distributor of insulation products in the U.S. construction sector.

TopBuild Corp. (NYSE:BLD) has acquired Ozark Foam, a leading provider of spray foam insulation, generating $7.7 million in revenue in 2020. This strategic acquisition strengthens TopBuild's TruTeam installation business and enhances its market presence in Missouri, Arkansas, and Oklahoma. The acquisition is part of TopBuild's broader strategy, having completed two acquisitions to date this year, projected to generate a total of $66 million in annual revenue, with an additional acquisition expected to add $144 million more.

TopBuild Corp. (NYSE:BLD) has announced its agreement to acquire the American Building Systems Group, enhancing its operational footprint on the East Coast. With annual revenues of $144 million, ABS specializes in residential insulation, with 94% of its revenue derived from installations. TopBuild's CEO, Robert Buck, highlighted the strategic importance of this acquisition, which brings a strong customer base and 500 trained installers. The deal is pending customary conditions and is expected to close early in Q2 2021.

TopBuild Corp. (NYSE:BLD) has priced a private offering of $400 million in Senior Notes due 2029 at an interest rate of 3.625%. The offering is contingent upon market and other conditions, with no guarantee it will close as planned on March 15, 2021. The notes have not been registered under the Securities Act, thus may not be sold in the U.S. without proper registration or exemptions. TopBuild is a leading distributor and installer of insulation products in the U.S., operating through nearly 200 branches nationwide.

TopBuild Corp. (NYSE:BLD) has announced a private offering of $400 million in senior unsecured notes due 2029. The proceeds will be used to redeem existing 5.625% senior unsecured notes maturing in 2026. The offering is subject to market conditions, and there is no guarantee it will be completed. The notes will not be registered under the Securities Act, making them unavailable for sale in the U.S. without an exemption. The company, based in Daytona Beach, is a major player in the U.S. insulation and building materials market.

TopBuild reported a strong performance for Q4 2020, with net sales increasing by 8.9% to $721.5 million. Gross margin expanded by 150 basis points to 27.4%, and operating profit saw a 35.7% improvement, reaching $103.1 million. Adjusted EBITDA also rose by 31.2% to $121.5 million. The company maintained a robust cash position with $719.6 million in liquidity. For 2021, TopBuild offers sales guidance between $3,050 million and $3,150 million and adjusted EBITDA guidance of $505 million to $535 million.

TopBuild Corp. (NYSE:BLD) announces the release of its fourth quarter and year-end 2020 results on February 23, prior to 7:00 a.m. ET. A conference call will take place at 9:00 a.m. ET to discuss these financial results. TopBuild, a key player in the insulation and building materials sector, operates nationally through its divisions, TruTeam® and Service Partners®, boasting close to 200 and over 75 branches, respectively. The company aims to leverage its extensive market presence for growth and operational efficiencies.

TopBuild Corp. (NYSE:BLD) has acquired LCR Contractors, expanding its reach in the Texas and Tennessee markets. LCR, with approximately $58 million in annual revenue, specializes in fireproofing and insulation services for both residential and commercial sectors. This acquisition enhances TopBuild's existing operations and includes retaining LCR's owners for continued growth. Over the past twelve months, TopBuild has completed four acquisitions generating almost $140 million in annual revenue, reflecting its strategic expansion efforts in high-growth regions.