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. (NYSE: BLD) is an installer and specialty distributor of insulation, commercial roofing, and related building products serving the construction industry in the United States and Canada. Company news frequently highlights developments in its Installation Services and Specialty Distribution segments, as well as its capital allocation and acquisition activity.
Visitors to this TopBuild news page can review company-issued press releases and third-party coverage related to quarterly earnings results, guidance updates, and Investor Day presentations. Recent announcements have described sales performance, adjusted EBITDA margins, and updated full-year outlooks, along with management commentary on demand trends across residential, commercial, and industrial end markets.
News flow for BLD also includes acquisition announcements in insulation, mechanical insulation, and commercial roofing. Examples in recent disclosures include the acquisition of Progressive Roofing, which management describes as establishing a new platform for growth in commercial roofing, and the acquisition of Specialty Products and Insulation (SPI), characterized as reinforcing TopBuild’s position in specialty distribution and expanding its mechanical insulation fabrication capabilities. Additional releases cover smaller acquisitions in insulation accessories and mechanical insulation products.
Capital markets updates are another recurring theme. TopBuild has issued press releases about the launch, pricing, and completion of a private offering of senior notes due 2034, with related Form 8-K filings describing the terms of the notes, guarantees, and covenants. Share repurchase activity and capital allocation priorities are also discussed in earnings releases.
For investors and analysts tracking BLD news, this page provides a centralized view of earnings announcements, guidance changes, acquisition activity, Investor Day events, and financing transactions. It offers a way to follow how TopBuild communicates its operating performance, growth strategy in insulation and commercial roofing, and use of capital across its U.S. and Canadian operations.
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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.
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.