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) 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.
TopBuild Corp. (NYSE:BLD) reported strong Q3 2024 results with sales reaching $1.37 billion, driven by 4.2% Installation growth and 5.1% Specialty Distribution growth. The company achieved a gross margin of 30.7% and adjusted EBITDA margin of 20.8%. Net income per diluted share was $5.65, up from $5.27 in Q3 2023. TopBuild narrowed its 2024 guidance to $5.3-$5.35 billion in revenue and $1.055-$1.085 billion in adjusted EBITDA. The company completed or announced 7 acquisitions year-to-date, expected to generate approximately $118 million in annual revenue. During Q3, TopBuild repurchased 1.07 million shares totaling $413.9 million.
TopBuild Corp. (NYSE:BLD) has announced an agreement to acquire Shannon Global Energy Solutions, a thermal acoustic blanket insulation fabricator based in North Tonawanda, N.Y. Shannon Global, with $11 million in annual revenue and a 36-year history, specializes in designing and fabricating reusable thermal, acoustical and safety products for large multinational customers. The acquisition, expected to close in Q4, aims to strengthen TopBuild's mechanical insulation capabilities and expand its fabrication offerings in the commercial and industrial end user markets.
TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products in the United States and Canada, has announced the release of its third quarter 2024 results. The company will publish its financial results prior to 7:00 a.m. on Tuesday, November 5.
Following the release, TopBuild will host a conference call at 9:00 a.m. Eastern time on the same day to review the financial results. Interested parties can participate in the live call by dialing 1-877-407-9037 (US) or 1-201-493-6738 (international) approximately ten minutes before the scheduled call time. Additionally, a live, listen-only webcast will be accessible via the company's website at www.topbuild.com or through the direct link: Q3 2024 BLD Webcast.
TopBuild Corp. (NYSE:BLD), a leading installer and distributor of insulation and building materials in the US and Canada, has announced its participation in the Jefferies Industrials Conference. Robert Buck, the company's President and CEO, will engage in a live fireside chat on Wednesday, September 4 at 11:00 a.m. Eastern Time.
The 30-minute presentation will be webcast and accessible through the company's website or via a direct link. This event provides an opportunity for investors and analysts to gain insights into TopBuild's operations, strategies, and market position within the construction industry.
TopBuild Corp. (NYSE:BLD) reported solid Q2 2024 results with sales growing 3.7% to $1.37 billion and adjusted EBITDA of $277.7 million (20.3% margin). Both segments showed growth, but volume was lower than expected due to high interest rates, project delays, and supply constraints. The company revised its 2024 guidance to $5.3-$5.5 billion in revenue and $1.055-$1.125 billion in adjusted EBITDA. Year-to-date, TopBuild completed 6 acquisitions expected to generate $107 million in annual revenue. The company also repurchased 1.25 million shares for $505.2 million, demonstrating confidence in future growth.
TopBuild Corp. (NYSE: BLD), a major installer and distributor of insulation and building materials in the US and Canada, is set to release its second-quarter 2024 financial results before 7:00 a.m. on Tuesday, August 6. A conference call will follow at 9:00 a.m. Eastern time to discuss these results. Investors can join the call by dialing 1-877-407-9037 (US) or 1-201-493-6738 (international) ten minutes prior to the call. A live, listen-only webcast will be accessible at the company's official website.