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 that Robert Buck, President and COO, and John Peterson, CFO, will present at the Jefferies 2020 Global Industrials Conference on August 5, 2020, at 8:35 a.m. Eastern time. The presentation will last 30 minutes and will be available via webcast on TopBuild’s investor relations webpage. A replay will be accessible one hour after the live event. TopBuild, a leading installer and distributor of insulation and building materials in the U.S. construction sector, operates through approximately 200 TruTeam branches and over 75 Service Partners branches.
TopBuild Corp. (NYSE: BLD) is set to release its second quarter 2020 financial results on August 4 at 7:00 a.m. Eastern time. A conference call to discuss the results will follow at 9:00 a.m. Eastern time. The call can be accessed by dialing (888) 225-2706 for US/Canada callers, and a live webcast will be available on the Company's website. TopBuild, based in Daytona Beach, Florida, specializes in installing and distributing insulation and building materials across the U.S. construction industry.
TopBuild Corp. (NYSE:BLD) reported a solid first quarter for 2020, with net sales increasing by 5.5% to $653.2 million. The gross margin expanded 120 basis points to 26.3%, while the operating margin improved to 10.7%. Net income rose to $50.8 million, or $1.51 per diluted share. Adjusted EBITDA saw an 18.5% increase to $88.4 million. Despite the COVID-19 impact, management expressed confidence in their strong balance sheet and $576 million liquidity. However, they withdrew 2020 guidance due to uncertainty surrounding the pandemic.