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) announced that CFO Rob Kuhns will participate in a virtual fireside chat at J.P. Morgan’s Homebuilding and Building Products Conference on May 17, 2022, at 2:00 p.m. ET. The 35-minute presentation will be available via webcast, with access details available on TopBuild’s Investor Relations website.
TopBuild is a leading installer and distributor of insulation and building materials in the U.S. and Canada, with approximately 235 contractor services branches and 175 specialty distribution branches nationwide.
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.