Topbuild Corp Stock Price, News & Analysis

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.

TopBuild Corp. (NYSE:BLD) has appointed Deirdre Drake to its board of directors, effective January 1, 2023. Drake, who brings over 30 years of experience in human capital management, previously served as Chief People Officer at United States Cellular Corporation. Her appointment aims to enhance the board’s strategic planning and drive long-term success for the company. TopBuild, based in Daytona Beach, Florida, is a leader in insulation and building material distribution across the U.S. and Canada, operating approximately 230 branches nationwide.

TopBuild Corp. (NYSE:BLD) will have Chief Financial Officer Rob Kuhns participate in a live fireside chat at the Stephens Annual Investment Conference on November 16, 2022, at 3:00 p.m. Central Time. This presentation will last for 45 minutes and will be available via a live webcast. Interested parties can join the conversation through TopBuild's website or via a specific webcast link. A replay will be accessible one hour after the event concludes.

TopBuild Corp. (NYSE:BLD) will participate in a live fireside chat at Deutsche Bank’s 2022 Industrials Conference on November 15, 2022, at 10:45 a.m. Eastern Time. Rob Kuhns, Chief Financial Officer, will present for 35 minutes, with a live webcast available via TopBuild’s website. A replay will be accessible one hour after the event concludes. TopBuild, based in Daytona Beach, Florida, specializes in insulation installation and distribution, serving the U.S. and Canada construction markets.

TopBuild Corp. (NYSE:BLD) reported a stellar third quarter for 2022, with net sales increasing by 53.8% year-over-year to $1.3 billion. The operating margin expanded by 130 basis points to 17.1%, while adjusted EBITDA margin rose to 20.6%. Net income surged 61.1% to $153.7 million, translating to $4.77 per diluted share. The company improved its net debt leverage to 1.49x and continues to pursue strategic acquisitions, recently completing five expected to generate $17.3 million in annual revenue.

TopBuild Corp. (NYSE:BLD) will release its third quarter 2022 financial results on November 1, 2022, before markets open at 7:00 a.m. Eastern time. Following the release, the company will conduct a conference call at 9:00 a.m. Eastern time to discuss the results. The call can be accessed by US/Canada callers at (877) 407-9037, and a live webcast will be available on the company’s website. With approximately 230 branches nationwide, TopBuild specializes in insulation installation and distribution across the construction industry in the US and Canada.

TopBuild Corp. (NYSE:BLD) announced that Robert Buck, President and CEO, and Rob Kuhns, CFO, will present at the Jefferies 2022 Global Industrials Conference on August 9, 2020, at 2:00 p.m. Eastern Time. The 25-minute presentation will be available via live webcast. A replay will be accessible one hour post-presentation. TopBuild, headquartered in Daytona Beach, Florida, is a major installer and distributor of insulation and building materials across the U.S. and Canada, operating about 230 branches nationwide.

TopBuild Corp. (NYSE:BLD) reported robust Q2 2022 financial results, with sales soaring by 52.7% to $1.3 billion and net income increasing by 59.0% to $143.7 million. Adjusted EBITDA margin improved 100 basis points to 19.0%. The company is on track to achieve $35 million to $40 million in synergies from its recent DI integration. With continued strong demand across all service areas, TopBuild forecasts 2022 sales between $4.8 billion and $4.9 billion, and adjusted EBITDA of $860 million to $900 million.