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 (BLD) delivers essential insulation installation services and building product distribution across residential and commercial markets. This news hub provides investors and industry professionals with centralized access to official announcements and market developments.
Track earnings reports, strategic acquisitions, and leadership updates alongside analysis of operational milestones. Our curated collection ensures timely access to material events impacting BLD's position in the construction sector.
Key coverage areas include innovations in building science, expansion of distribution networks, and regulatory developments affecting insulation markets. All content is sourced from verified releases and reputable financial publications.
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Advent International has reached an agreement to sell Distribution International Inc. (DI) to TopBuild Corp. (NYSE:BLD) for $1.0 billion in cash. DI, a leading mechanical insulation distributor in North America, has expanded significantly under Advent's ownership, increasing its revenue by over 50% to approximately $747 million as of June 30, 2021. The acquisition will enable TopBuild to penetrate the $5 billion mechanical insulation market and enhance its growth potential. The deal is expected to close in Q4 2021, subject to regulatory approval.
TopBuild Corp. (NYSE:BLD) announced its agreement to acquire Distribution International for $1 billion in cash. The acquisition positions TopBuild as a leader in the $5 billion mechanical insulation market, enhancing its footprint in key markets and providing a steady revenue stream from DI's Maintenance, Repair and Operations (MRO) business. TopBuild expects to achieve significant run-rate cost synergies of $35 million to $40 million over the next two years and anticipates the deal to be accretive to GAAP EPS in the first full year post-close.
TopBuild Corp. (NYSE:BLD) has acquired Valley Gutter Supply, a fabricator and distributor of gutter products in Los Angeles. Founded in 2007, Valley Gutter generated approximately $10 million in revenue for the twelve months ending June 30, 2021. This acquisition enhances TopBuild's distribution capacity in California. So far in 2021, TopBuild has completed six acquisitions expected to generate around $230 million in annual revenue. The deal marks a strategic move to solidify TopBuild’s presence in the building materials market.
TopBuild Corp. (NYSE:BLD) reported a strong second quarter ending June 30, 2021, with a 29.1% increase in net sales, reaching $834.3 million. The gross margin expanded by 150 basis points to 29.1%, and operating profit improved by 59.5% to $128.3 million. Adjusted EBITDA increased by 39.1% to $149.8 million. The company announced a $200 million share repurchase program and expects continued strength in the residential and commercial markets. Net income per diluted share rose to $2.72, compared to $1.67 in the prior year.
TopBuild Corp. (NYSE:BLD) will present at the Jefferies 2021 Virtual Industrials Conference on Wednesday, August 4, 2021, at 11:30 a.m. Eastern Time. The presentation will last 25 minutes and will be available via live webcast on TopBuild's website. A replay will be accessible one hour after the event concludes. TopBuild is a leading provider of insulation and building material products in the U.S., aiming to leverage its extensive branch network to strengthen customer relationships.
TopBuild Corp. (NYSE:BLD) has announced it will release its second quarter 2021 results on August 3, 2021, before 7:00 a.m. ET. Following the release, a conference call is scheduled for 9:00 a.m. ET to discuss the financial outcomes. Interested parties can join the conference call by dialing (877) 407-9037 or via a live webcast on the company’s website. TopBuild provides insulation and building materials through its subsidiaries TruTeam and Service Partners across approximately 275 branches nationwide.
TopBuild Corp. (NYSE:BLD) will have its CFO, John Peterson, participate in a fireside chat at the KeyBanc Capital Markets’ Virtual Industrials and Basic Materials Conference on June 1 at 10:00 a.m. ET. The 30-minute presentation will be accessible via a live webcast. Interested investors can click the provided link or visit TopBuild’s Investor Relations page for more details. TopBuild is a leading provider of insulation and building material products in the U.S. construction industry, operating around 200 branches nationwide.
TopBuild Corp. (NYSE:BLD) is set to participate in a live fireside chat at J.P. Morgan’s Homebuilding and Building Products Conference on Thursday, May 20 at 2:00 p.m. Eastern Time. The session will feature insights from Robert Buck, President and CEO, and John Peterson, CFO. This 35-minute presentation will also be available via webcast on TopBuild’s official website. With approximately 200 TruTeam® branches and 75 Service Partners® locations, TopBuild remains a key player in the U.S. construction industry, focusing on insulation and building material distribution.
TopBuild Corp. (NYSE: BLD) announced strong Q1 2021 results, reporting a 13.7% increase in net sales to $742.8 million, driven by growth in both residential and commercial sectors. Adjusted EBITDA rose by 31.1% to $115.8 million, with an adjusted EBITDA margin of 15.6%. Net income reached $59.8 million or $1.80 per diluted share. The company completed four acquisitions expected to generate $217 million in annual revenue. Despite weather impacts in February, operating margins improved significantly, indicating efficient management and a focus on profitable growth.
TopBuild Corp. (NYSE:BLD) will announce its first-quarter 2021 results prior to 7:00 a.m. on May 6, 2021. The company will hold a conference call at 9:00 a.m. Eastern time to discuss the financial outcomes. Interested parties can join the live call by dialing (877) 407-9037, and a listen-only webcast will be available on www.topbuild.com. TopBuild, a leading installer and distributor of insulation and building materials in the U.S., operates through nearly 200 TruTeam branches and over 75 Service Partners locations.
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