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. 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 Corp. (NYSE:BLD) reported Q2 2020 results, showing a 2.1% decline in net sales to $646.1 million due to COVID-19 impacts. Despite this, gross margin increased 110 basis points to 27.6%, and adjusted operating margin rose 130 basis points to 12.9%. Net income reached $55.5 million or $1.67 per diluted share. Cash and equivalents stood at $258.8 million, with total liquidity of $648.5 million. CEO Jerry Volas expressed confidence in navigating ongoing challenges and opportunities as the company resumes its acquisition program.
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.