Topbuild Corp Stock Price, News & Analysis

TopBuild Corp. (NYSE:BLD) reported a strong performance for Q1 2022, with sales soaring by 57.4% to $1.2 billion. The company achieved a gross margin of 28.3%, up 170 basis points, while same branch revenue increased 18.7%. Adjusted EBITDA margin expanded by 310 basis points to 18.7%. Following this success, TopBuild raised its revenue and EBITDA outlook for the year. The company also announced a $100 million accelerated share repurchase, reflecting confidence in its business trajectory.

TopBuild Corp. (NYSE:BLD) will release its first quarter 2022 financial results on May 5, 2022, before 7:00 a.m. ET. A conference call will follow at 9:00 a.m. ET to discuss the results. The company specializes in insulation and building material products in North America and operates approximately 235 contractor services branches and 175 specialty distribution branches across the U.S. and Canada. Investors can access a live webcast of the call on the company’s website, where a replay will also be available.

TopBuild Corp. (NYSE:BLD) reported a 47.4% increase in Q4 sales, reaching $1.1 billion, with net income rising 10.7% to $78.4 million. Adjusted earnings per share stood at $3.12, a 45.1% growth. The company forecasts 2022 sales between $4.5 billion and $4.65 billion, with adjusted EBITDA guidance of $770 million to $820 million. The ongoing integration of Distribution International exceeds expectations, with projected synergies of $35 million to $40 million.

TopBuild Corp. (NYSE:BLD) has acquired Billings Insulation, a residential insulation installer operating in Montana and Northern Wyoming. This acquisition adds approximately $6.5 million in annual revenue, reinforcing TopBuild's market position. Billings Insulation has built a solid customer base over 17 years, contributing to TopBuild’s strategy of growth through acquisitions. TopBuild has notably added three residential insulation companies since November, indicating a focus on expanding its service offerings in growing markets.

TopBuild Corp. (NYSE:BLD) will announce its fourth quarter 2021 results on February 22, 2022, at 7:00 a.m. Eastern time. A conference call to discuss these results will occur at 9:00 a.m. the same day. Investors can participate by calling (877) 407-9037 or via a live webcast on the Company’s website. With approximately 235 branches, TopBuild delivers insulation and building material installation services through its TruTeam division while distributing products through Service Partners and Distribution International.

TopBuild Corp. (NYSE:BLD) has acquired Insulating Products, Inc., a Texas-based distributor of insulation, enhancing its specialty distribution sector. Insulating Products, founded in 2003, generated approximately $11 million in revenue for the trailing twelve months ending September 30, 2021. The acquisition strengthens TopBuild's geographic reach in the growing Southwest region and is expected to add value through an established customer base. CEO Robert Buck emphasized the strategic importance of this acquisition for expanding their business operations.

TopBuild Corp. (NYSE:BLD) announced participation in a fireside chat at the Stephens Annual Investment Conference on December 2 at 2:00 p.m. CT. Executives John Peterson, CFO, and Rob Kuhns, Vice President and Controller, will discuss company insights in a live webcast. The presentation will last 45 minutes, followed by a replay available one hour after the event. TopBuild specializes in insulation and building materials across North America, operating through its TruTeam and Service Partners networks with approximately 235 and 175 branches, respectively.

TopBuild Corp. (NYSE:BLD) has enhanced its market presence by acquiring Tonks Insulation in Utah and Shepherds Insulation in Colorado, which collectively generated about $6 million in revenue in 2020. CEO Robert Buck highlighted the strategic importance of these acquisitions, noting the strong management continuity with founder Gary Tonks. Year-to-date, TopBuild has completed ten acquisitions, projected to contribute nearly $1 billion in annual revenue. The company aims to bolster its M&A efforts across residential, commercial, and industrial sectors.

TopBuild Corp. (NYSE:BLD) reported a strong third-quarter performance, with a 21.3% increase in net sales to $845.8 million, driven by price increases and acquisitions. Gross margin expanded by 120 basis points to 29.6%, and operating profit rose to $133.8 million, representing a significant improvement. Net income was $95.4 million, or $2.88 per diluted share, compared to $70 million last year. Adjusted EBITDA increased by 32.8% to $158.2 million. The company maintains a strong liquidity position with $709.8 million available. The CEO expressed confidence in future growth across various markets.