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.
TopBuild Corp. (NYSE: BLD) is an installer and specialty distributor of insulation, commercial roofing, and related building products serving the construction industry in the United States and Canada. Company news frequently highlights developments in its Installation Services and Specialty Distribution segments, as well as its capital allocation and acquisition activity.
Visitors to this TopBuild news page can review company-issued press releases and third-party coverage related to quarterly earnings results, guidance updates, and Investor Day presentations. Recent announcements have described sales performance, adjusted EBITDA margins, and updated full-year outlooks, along with management commentary on demand trends across residential, commercial, and industrial end markets.
News flow for BLD also includes acquisition announcements in insulation, mechanical insulation, and commercial roofing. Examples in recent disclosures include the acquisition of Progressive Roofing, which management describes as establishing a new platform for growth in commercial roofing, and the acquisition of Specialty Products and Insulation (SPI), characterized as reinforcing TopBuild’s position in specialty distribution and expanding its mechanical insulation fabrication capabilities. Additional releases cover smaller acquisitions in insulation accessories and mechanical insulation products.
Capital markets updates are another recurring theme. TopBuild has issued press releases about the launch, pricing, and completion of a private offering of senior notes due 2034, with related Form 8-K filings describing the terms of the notes, guarantees, and covenants. Share repurchase activity and capital allocation priorities are also discussed in earnings releases.
For investors and analysts tracking BLD news, this page provides a centralized view of earnings announcements, guidance changes, acquisition activity, Investor Day events, and financing transactions. It offers a way to follow how TopBuild communicates its operating performance, growth strategy in insulation and commercial roofing, and use of capital across its U.S. and Canadian operations.
TopBuild Corp. (NYSE: BLD) announced strong Q1 2021 results, reporting a 13.7% increase in net sales to $742.8 million, driven by growth in both residential and commercial sectors. Adjusted EBITDA rose by 31.1% to $115.8 million, with an adjusted EBITDA margin of 15.6%. Net income reached $59.8 million or $1.80 per diluted share. The company completed four acquisitions expected to generate $217 million in annual revenue. Despite weather impacts in February, operating margins improved significantly, indicating efficient management and a focus on profitable growth.
TopBuild Corp. (NYSE:BLD) will announce its first-quarter 2021 results prior to 7:00 a.m. on May 6, 2021. The company will hold a conference call at 9:00 a.m. Eastern time to discuss the financial outcomes. Interested parties can join the live call by dialing (877) 407-9037, and a listen-only webcast will be available on www.topbuild.com. TopBuild, a leading installer and distributor of insulation and building materials in the U.S., operates through nearly 200 TruTeam branches and over 75 Service Partners locations.
TopBuild Corp. (NYSE:BLD) has acquired Creative Conservation, a company specializing in residential and light commercial insulation, generating approximately $7.4 million in revenue for the year ending December 31, 2020. This acquisition enhances TopBuild's regional presence in Richmond, Charlottesville, Roanoke, and Northern Virginia. CEO Robert Buck highlighted Creative Conservation's strong customer relationships and experienced installer base. TopBuild has completed four acquisitions in the past twelve months, expected to yield $217 million in annual revenue.
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.