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 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.