Topbuild Corp Stock Price, News & Analysis

TopBuild (NYSE:BLD) has announced the acquisition of Progressive Roofing for $810 million in an all-cash transaction. Progressive Roofing, currently owned by Bow River Capital, generated $438 million in revenue and $89 million in EBITDA for the trailing 12 months ended March 31, 2025.

The acquisition represents a 9.1x EBITDA multiple (8.6x post-synergies) and is expected to be immediately accretive to earnings. Progressive Roofing employs over 1,700 people across 12 branches, with approximately 70% of revenue coming from non-discretionary re-roofing and maintenance services, and 30% from new construction.

The transaction is expected to close in early Q3 2025, funded through TopBuild's expanded credit facility and cash on hand. The pro forma Net Debt to Adjusted EBITDA ratio will be approximately 1.6x.

TopBuild (NYSE: BLD) has successfully extended and upsized its senior secured credit facilities to $2.25 billion, with maturities extended to May 2030. The new facilities include a $1.0 billion term loan, a $1.0 billion revolving credit facility, and a $250.0 million delayed draw term loan. The facilities will bear interest at SOFR plus 1.25% per annum, subject to a leverage-based pricing grid adjustment. CFO Rob Kuhns highlighted that this refinancing demonstrates strong banking partner support and enhances the company's liquidity and financial flexibility to execute its capital allocation strategy.

TopBuild Corp. (NYSE:BLD) reported Q1 2025 results with total sales declining 3.6% to $1.23 billion. The Installation segment saw a 6.7% decline, while Specialty Distribution grew 2.6%. The company maintained strong profitability with an adjusted EBITDA margin of 19.0% and adjusted gross margin of 29.6%.

Key financial metrics include net income of $123.4 million and earnings per diluted share of $4.23. During Q1, TopBuild returned $215.6 million to shareholders through share repurchases, acquiring 693,881 shares. The company also announced the acquisition of Seal-Rite Insulation, a Nebraska-based insulation installer generating approximately $15 million in annual revenue.

TopBuild confirmed its full-year 2025 outlook with expected sales between $5.05-$5.35 billion and adjusted EBITDA of $925-$1,075 million.

TopBuild Corp (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products in the US and Canada, has received the Great Place to Work® Certification for the third consecutive year in 2025. This certification comes from a global authority on workplace culture that bases its assessment on direct employee feedback regarding workplace experience.

President and CEO Robert Buck emphasized the company's commitment to employee development, career opportunities, fair treatment, and workplace values including safety, integrity, focus, innovation, unity, community, and empowerment.

TopBuild (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products in the United States and Canada, has scheduled its first quarter 2025 financial results release for Tuesday, May 6, before 7:00 a.m. ET.

The company will host a conference call at 9:00 a.m. ET on the same day to discuss the results. Investors can participate through:

• Domestic call-in: 1-877-407-9037
• International call-in: 1-201-493-6738
• Live webcast: Available through TopBuild's website

TopBuild Corp. (NYSE:BLD) has announced an agreement to acquire Seal-Rite Insulation, an Omaha-based insulation installer with annual revenue of $15 million. Seal-Rite has been operating in the Omaha and Lincoln areas for over 25 years, specializing in fiberglass and spray foam installation for residential and commercial markets.

The acquisition is expected to close in the second quarter and will strengthen TopBuild's installation presence in Nebraska. Seal-Rite's reputation and proven track record in the area align with TopBuild's strategy to expand its market presence and drive growth in the insulation and building materials sector.

TopBuild Corp. (NYSE:BLD) reported solid fourth quarter and full-year 2024 results, with Q4 sales growing 2.0% to $1.31 billion, driven by a 6.6% improvement in Specialty Distribution. The company achieved a gross margin of 29.9% and adjusted EBITDA margin of 19.7% in Q4.

For the full year 2024, TopBuild reached record sales of $5.3 billion and adjusted EBITDA of $1.07 billion. The company completed 8 acquisitions totaling $153.1 million in annual sales and returned $966.4 million to stockholders by repurchasing approximately 2.5 million shares.

Looking ahead to 2025, TopBuild anticipates sales between $5.05 to $5.35 billion and adjusted EBITDA ranging from $925 million to $1.075 billion. The company announced a new $1 billion share repurchase authorization, bringing total repurchase availability to $1.2 billion. Management emphasized that acquisitions remain the top priority for deploying capital, citing a robust M&A pipeline.

TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building materials in the United States and Canada, has scheduled its fourth quarter and year-end 2024 results release for Tuesday, February 25, before 7:00 a.m. ET. The company will host a conference call at 9:00 a.m. ET the same day to discuss the results.

Investors can participate in the live call by dialing 1-877-407-9037 (US) or 1-201-493-6738 (International). A live webcast will also be available through the company's website. TopBuild operates through two segments: the Installation segment with approximately 240 branches across the United States, and the Specialty Distribution segment with around 170 branches serving residential, commercial, and industrial markets.

TopBuild Corp (NYSE:BLD) has announced an agreement to acquire Metro Supply Company, a commercial and industrial mechanical insulation distributor with $35 million in annual revenue. Metro Supply operates two branches serving the New York/New Jersey and Baltimore/Washington metropolitan areas. The acquisition, expected to close in Q4, will expand TopBuild's commercial and industrial offerings. Metro Supply specializes in mechanical and acoustical insulation distribution, known for high-quality products and exceptional customer service.