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.
Overview of TopBuild Corp
TopBuild Corp (BLD) stands as a pivotal player in the United States construction industry, specializing in insulation installation and the distribution of insulation products. The company is recognized for its extensive network of contractor services and distribution capabilities, which cater to a wide range of residential, commercial, and industrial projects. With a strong operational foundation, TopBuild delivers comprehensive insulation solutions and building product services while emphasizing technical expertise through its building science initiatives.
Business Model and Operational Segments
The company’s operations are divided into two primary segments:
- Installation Segment: This segment provides nationwide insulation installation services. Operating under a contractor services model, the company efficiently manages a wide array of projects through its numerous installation branches. This not only streamlines installation processes but also ensures adherence to industry best practices.
- Specialty Distribution Segment: Through an expansive network of distribution centers, TopBuild supplies insulation accessories along with a variety of building products. This segment plays a crucial role in supporting contractors and other end market customers with reliable and timely delivery of essential building materials.
Expertise in Building Science
Beyond its core product and service offerings, TopBuild demonstrates significant expertise in building science. The company integrates advanced technical knowledge into its service offerings through its Home Services arm and the environments for living® program. This approach highlights a commitment to quality installation, sustainable building practices, and innovative solutions tailored for diverse construction environments.
Market Position and Competitive Landscape
Operating predominantly in the US, TopBuild has secured a notable position within a competitive market. Its dual-model business structure—merging installation expertise with a robust distribution network—enables it to serve a broad spectrum of clients, primarily contractors. The company’s well-distributed footprint across numerous states supports its resilient market presence. This comprehensive operational setup enables TopBuild to effectively differentiate itself amidst rising competition by offering holistic services that cover both installation and supply chain management for building products.
Comprehensive Service and Product Offerings
TopBuild’s diverse offerings extend to various building product categories. While its primary revenue driver remains the installation of insulation, the company also provides related services and supplies a range of building materials including gutters, after-paint, garage doors, fireplaces, and fireproofing materials. This variety in product and service offerings underscores its ability to address multiple facets of the construction industry through an integrated approach.
Strategic Operational Network
With installation branches spanning numerous states and a solid network of distribution centers, TopBuild exemplifies operational prowess in managing a geographically dispersed business. This network not only ensures quick project turnaround times but also reinforces the company’s capacity to meet varying local market demands efficiently.
Industry Terminology and Target Audience
The company leverages industry-specific terminology such as "contractor services", "specialty distribution", and "building science" to communicate its value proposition clearly. This specialization makes its offerings comprehensible and appealing to industry professionals, contractors, and stakeholders seeking detailed insights into the operational dynamics of major players in the construction sector.
Unbiased Analytical Perspective
In summary, TopBuild Corp embodies an independent, public entity with deep-rooted expertise within its sector. Every aspect of its operations is carefully designed to foster operational excellence and industry-specific technical expertise. By integrating installation services with a comprehensive distribution strategy, the company provides an all-encompassing solution for insulation and building product needs. The thoughtful structure and broad operational scope make it a noteworthy subject for analysis by industry experts, market researchers, and anyone aiming to understand the complexities of the US construction market from a well-informed perspective.
TopBuild (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products in the United States and Canada, has scheduled its first quarter 2025 financial results release for Tuesday, May 6, before 7:00 a.m. ET.
The company will host a conference call at 9:00 a.m. ET on the same day to discuss the results. Investors can participate through:
- Domestic call-in: 1-877-407-9037
- International call-in: 1-201-493-6738
- Live webcast: Available through TopBuild's website
TopBuild Corp. (NYSE:BLD) has announced an agreement to acquire Seal-Rite Insulation, an Omaha-based insulation installer with annual revenue of $15 million. Seal-Rite has been operating in the Omaha and Lincoln areas for over 25 years, specializing in fiberglass and spray foam installation for residential and commercial markets.
The acquisition is expected to close in the second quarter and will strengthen TopBuild's installation presence in Nebraska. Seal-Rite's reputation and proven track record in the area align with TopBuild's strategy to expand its market presence and drive growth in the insulation and building materials sector.
TopBuild Corp. (NYSE:BLD) reported solid fourth quarter and full-year 2024 results, with Q4 sales growing 2.0% to $1.31 billion, driven by a 6.6% improvement in Specialty Distribution. The company achieved a gross margin of 29.9% and adjusted EBITDA margin of 19.7% in Q4.
For the full year 2024, TopBuild reached record sales of $5.3 billion and adjusted EBITDA of $1.07 billion. The company completed 8 acquisitions totaling $153.1 million in annual sales and returned $966.4 million to stockholders by repurchasing approximately 2.5 million shares.
Looking ahead to 2025, TopBuild anticipates sales between $5.05 to $5.35 billion and adjusted EBITDA ranging from $925 million to $1.075 billion. The company announced a new $1 billion share repurchase authorization, bringing total repurchase availability to $1.2 billion. Management emphasized that acquisitions remain the top priority for deploying capital, citing a robust M&A pipeline.
TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building materials in the United States and Canada, has scheduled its fourth quarter and year-end 2024 results release for Tuesday, February 25, before 7:00 a.m. ET. The company will host a conference call at 9:00 a.m. ET the same day to discuss the results.
Investors can participate in the live call by dialing 1-877-407-9037 (US) or 1-201-493-6738 (International). A live webcast will also be available through the company's website. TopBuild operates through two segments: the Installation segment with approximately 240 branches across the United States, and the Specialty Distribution segment with around 170 branches serving residential, commercial, and industrial markets.
TopBuild Corp (NYSE:BLD) has announced an agreement to acquire Metro Supply Company, a commercial and industrial mechanical insulation distributor with $35 million in annual revenue. Metro Supply operates two branches serving the New York/New Jersey and Baltimore/Washington metropolitan areas. The acquisition, expected to close in Q4, will expand TopBuild's commercial and industrial offerings. Metro Supply specializes in mechanical and acoustical insulation distribution, known for high-quality products and exceptional customer service.
TopBuild Corp. (NYSE:BLD) reported strong Q3 2024 results with sales reaching $1.37 billion, driven by 4.2% Installation growth and 5.1% Specialty Distribution growth. The company achieved a gross margin of 30.7% and adjusted EBITDA margin of 20.8%. Net income per diluted share was $5.65, up from $5.27 in Q3 2023. TopBuild narrowed its 2024 guidance to $5.3-$5.35 billion in revenue and $1.055-$1.085 billion in adjusted EBITDA. The company completed or announced 7 acquisitions year-to-date, expected to generate approximately $118 million in annual revenue. During Q3, TopBuild repurchased 1.07 million shares totaling $413.9 million.
TopBuild Corp. (NYSE:BLD) has announced an agreement to acquire Shannon Global Energy Solutions, a thermal acoustic blanket insulation fabricator based in North Tonawanda, N.Y. Shannon Global, with $11 million in annual revenue and a 36-year history, specializes in designing and fabricating reusable thermal, acoustical and safety products for large multinational customers. The acquisition, expected to close in Q4, aims to strengthen TopBuild's mechanical insulation capabilities and expand its fabrication offerings in the commercial and industrial end user markets.
TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products in the United States and Canada, has announced the release of its third quarter 2024 results. The company will publish its financial results prior to 7:00 a.m. on Tuesday, November 5.
Following the release, TopBuild will host a conference call at 9:00 a.m. Eastern time on the same day to review the financial results. Interested parties can participate in the live call by dialing 1-877-407-9037 (US) or 1-201-493-6738 (international) approximately ten minutes before the scheduled call time. Additionally, a live, listen-only webcast will be accessible via the company's website at www.topbuild.com or through the direct link: Q3 2024 BLD Webcast.
TopBuild Corp. (NYSE:BLD), a leading installer and distributor of insulation and building materials in the US and Canada, has announced its participation in the Jefferies Industrials Conference. Robert Buck, the company's President and CEO, will engage in a live fireside chat on Wednesday, September 4 at 11:00 a.m. Eastern Time.
The 30-minute presentation will be webcast and accessible through the company's website or via a direct link. This event provides an opportunity for investors and analysts to gain insights into TopBuild's operations, strategies, and market position within the construction industry.
TopBuild Corp. (NYSE:BLD) reported solid Q2 2024 results with sales growing 3.7% to $1.37 billion and adjusted EBITDA of $277.7 million (20.3% margin). Both segments showed growth, but volume was lower than expected due to high interest rates, project delays, and supply constraints. The company revised its 2024 guidance to $5.3-$5.5 billion in revenue and $1.055-$1.125 billion in adjusted EBITDA. Year-to-date, TopBuild completed 6 acquisitions expected to generate $107 million in annual revenue. The company also repurchased 1.25 million shares for $505.2 million, demonstrating confidence in future growth.
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