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TopBuild Corp. reports developments tied to its insulation, commercial roofing and specialty distribution businesses in the United States and Canada. The company operates through Installation Services, which installs insulation, commercial roofing and other building products, and Specialty Distribution, which distributes building and mechanical insulation, insulation accessories and related materials for residential, commercial and industrial end markets.
Recurring TopBuild news includes operating and financial results, acquisitions that expand insulation, spray foam, fireproofing or commercial roofing capabilities, leadership and governance updates, material agreements, shareholder voting matters and capital-structure disclosures. Company updates also address branch-network operations, supply-chain responsibilities and growth initiatives across its installation and distribution platforms.
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.
TopBuild Corp. (NYSE:BLD) will participate in a live fireside chat at the Stephens Annual Investment Conference on November 17 at 2:00 p.m. ET. John Peterson, the Chief Financial Officer, will lead the 45-minute session, which will be available via webcast on TopBuild’s Investor Relations page.
Following the presentation, a replay will be accessible one hour later. TopBuild is a prominent installer and distributor of insulation and building materials across the U.S., operating through over 200 branches nationwide.
TopBuild Corp. (NYSE: BLD) will participate in a live fireside chat at the Berenberg U.S. CEO Conference 2020, scheduled for November 13 at 10:00 a.m. ET. The discussion will feature President and COO Robert Buck, who will become CEO on January 1, 2021, alongside CFO John Peterson. This 45-minute presentation will be available via webcast on TopBuild's Investor Relations website, with a replay accessible an hour after the event concludes.
TopBuild Corp. (NYSE:BLD) reported a 2.2% increase in net sales for Q3 2020, totaling $697.2 million. The company's gross margin expanded by 210 basis points to 28.4%, while operating profit surged to $101.5 million. Adjusted EBITDA rose 21.6% to $119.2 million, with an EBITDA margin of 17.1%. Despite challenges in its commercial business due to COVID-19, CEO Jerry Volas expressed optimism about market fundamentals. The company also completed the acquisition of Garland Insulating, aiming for continued growth through M&A.
TopBuild Corp. (NYSE:BLD) will release its third quarter 2020 results on November 3, prior to 7:00 a.m. Eastern time. A conference call will occur at 9:00 a.m. to discuss financial outcomes. TopBuild is a leading installer and distributor of insulation and building materials in the U.S., operating through TruTeam® and Service Partners®. The company aims to leverage its national presence for economies of scale while fostering local customer relationships.
TopBuild Corp. (NYSE: BLD) has acquired Garland Insulating, enhancing its presence in Texas and Colorado. Garland, a significant player since 1946, has generated approximately $60 million in revenue over the past year. This acquisition expands TopBuild's reach into key Texas markets, including Houston and Dallas-Fort Worth, and strengthens its customer relationships. Year-to-date, TopBuild has made three acquisitions projected to yield $79 million in annual revenue, highlighting its aggressive growth strategy.
TopBuild Corp. (NYSE: BLD) announced that Robert Buck, its President and COO, will participate in a fireside chat on September 17, 2020, at 12:00 p.m. ET. This event will be hosted by Philip Ng from Jefferies LLC and will be accessible via a live webcast. Buck is set to assume the role of CEO starting January 1, 2021. TopBuild specializes in insulation and building material products, operating nationwide through its TruTeam and Service Partners brands.
TopBuild Corp. (NYSE: BLD) announced the appointment of Luis F. Machado as General Counsel and Corporate Secretary. With over twenty years of legal and compliance experience in various industries, Machado strengthens the company's leadership. Prior to joining TopBuild, he held senior legal positions at CTS Corporation, L Brands, and Wm. Wrigley Jr. Company. Machado holds a degree from the University of Michigan and a JD from Loyola University Chicago School of Law. TopBuild specializes in insulation and building material distribution with a nationwide presence.