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 (BLD) delivers essential insulation installation services and building product distribution across residential and commercial markets. This news hub provides investors and industry professionals with centralized access to official announcements and market developments.
Track earnings reports, strategic acquisitions, and leadership updates alongside analysis of operational milestones. Our curated collection ensures timely access to material events impacting BLD's position in the construction sector.
Key coverage areas include innovations in building science, expansion of distribution networks, and regulatory developments affecting insulation markets. All content is sourced from verified releases and reputable financial publications.
Bookmark this page for efficient monitoring of TopBuild's business trajectory. Combine press releases with third-party analysis to inform your perspective on this NYSE-listed construction leader.
TopBuild Corp. (NYSE:BLD) is set to release its first quarter financial results on May 4, 2023, before 7:00 a.m. Eastern time. Following this, a conference call will be held at 9:00 a.m. to discuss the results. TopBuild, headquartered in Daytona Beach, Florida, specializes in the installation and distribution of insulation and building materials across the United States and Canada. The company operates approximately 230 branches for insulation installation and 180 branches for specialty distribution. Stakeholders can access a live webcast of the call on the company’s website, with a replay available afterward.
TopBuild Corp. (NYSE:BLD) reported strong financial results for Q4 2022 and full year 2022. Sales rose 18.9% to $1.3 billion in Q4, and 43.7% to $5.0 billion for the year. Net income surged 83.6% to $143.8 million in Q4, with diluted EPS at $4.52. For the full year, net income increased 71.6% to $556 million, translating to $17.14 per diluted share. The company’s adjusted EBITDA margin expanded to 18.8%. TopBuild anticipates continued growth, setting 2023 sales guidance between $4.7 billion and $4.9 billion, with adjusted EBITDA guidance of $820 million to $910 million.
TopBuild Corp. (NYSE:BLD) has acquired the residential insulation business assets of SRI Holdings, LLC, which generated $62 million in revenue for the year ending November 30, 2022. This acquisition enhances TopBuild's market presence in Georgia, Michigan, Ohio, Florida, Alabama, and South Carolina. The addition aligns with the company's commitment to quality services and community development. Robert Buck, President and CEO, expressed enthusiasm about the acquisition, emphasizing the strong reputation of SRI in the markets.
TopBuild Corp. (NYSE:BLD) will announce its fourth quarter and year-end 2022 financial results on February 23, 2023, before 7:00 a.m. ET. A conference call is scheduled for 9:00 a.m. ET the same day to discuss the results. The company, based in Daytona Beach, Florida, specializes in insulation installation and distribution to the construction industry across the U.S. and Canada. The contractor services business operates approximately 230 branches nationwide, while the Specialty Distribution network includes around 180 branches. For further details, visit www.topbuild.com.
FAQ
What is the current stock price of Topbuild (BLD)?
What is the market cap of Topbuild (BLD)?
