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Topbuild Corp - BLD STOCK NEWS

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.

About TopBuild Corp

TopBuild Corp (NYSE: BLD) is a leading installer and distributor of insulation and related building products in the United States. The company plays a pivotal role in the construction industry by offering energy-efficient solutions that enhance thermal performance and climate control in residential, commercial, and industrial buildings. With its dual-segment business model, TopBuild operates through two main divisions: TruTeamSM, which provides professional insulation installation services, and Service Partners®, a nationwide distributor of insulation and other building materials. This vertically integrated approach allows TopBuild to serve a diverse range of customers, including contractors, builders, and property developers.

Business Model and Operations

TopBuild’s business model is built around its two operating segments:

  • Installation Segment: Operating under the TruTeamSM brand, this segment offers insulation installation services through a network of over 190 branches in 43 states. The installation segment primarily serves residential construction but also caters to commercial and industrial projects.
  • Specialty Distribution Segment: Through Service Partners®, TopBuild distributes insulation, mechanical insulation, and complementary building materials like gutters, garage doors, fireproofing, and after-paint products. With 72 distribution centers across 35 states, this segment supports contractors and other end-users with reliable supply chain solutions.

In addition to its core operations, TopBuild is a recognized leader in building science, offering specialized services through TopBuild Home Services and its Environments for Living® program. These initiatives focus on energy efficiency, sustainability, and building performance, aligning with growing industry trends towards green construction and environmental responsibility.

Market Position and Competitive Landscape

TopBuild’s extensive network and operational scale position it as a dominant player in the U.S. construction supply chain. By focusing on insulation—a critical component in energy-efficient construction—the company benefits from favorable market dynamics, including regulatory support for sustainable building practices and increasing demand for energy-efficient homes and commercial spaces. Its main competitors include other insulation installers, building material distributors, and specialized construction service providers. However, TopBuild differentiates itself through its integrated business model, nationwide coverage, and expertise in building science.

Key Value Proposition

TopBuild delivers value to its customers by offering:

  • Comprehensive Solutions: From installation to distribution, TopBuild provides end-to-end services that simplify the supply chain for contractors and builders.
  • Energy Efficiency Expertise: Through its Environments for Living® program, the company supports sustainable construction practices, helping customers achieve energy efficiency goals.
  • Nationwide Reach: With a presence in nearly every major U.S. market, TopBuild ensures timely delivery and high service reliability.

Challenges and Opportunities

While TopBuild is well-positioned in the market, it faces challenges such as fluctuations in housing starts, interest rate volatility, and competition from other building material suppliers. However, the company’s focus on energy-efficient solutions and its ability to adapt to changing market conditions provide significant growth opportunities. The increasing emphasis on green building practices and the expansion into niche markets like agricultural construction further enhance its long-term prospects.

Conclusion

TopBuild Corp stands out as a critical player in the U.S. construction industry, offering a unique combination of installation services, product distribution, and building science expertise. Its vertically integrated business model, extensive operational network, and commitment to sustainability position it as a trusted partner for contractors and builders nationwide. As energy efficiency and green construction continue to gain prominence, TopBuild’s strategic focus on these areas ensures its relevance and competitiveness in the evolving construction landscape.

Rhea-AI Summary
TopBuild Corp. reports solid operating results for Q3 2023 with a 1.9% increase in net sales and strong margins. The non-residential business performs well with mid-single digit volume growth. The company's focus on productivity and operational efficiencies contributes to its success. TopBuild expects to remain active in acquisitions and has completed four acquisitions so far. The company also plans to acquire Specialty Products and Insulation for $960 million. The 2023 outlook shows a projected sales range of $5.13 billion to $5.21 billion.
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TopBuild Corp. will release its Q3 results on October 31 and host a conference call to review its financial results.
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TopBuild Corp. CEO to participate in Jefferies Industrial Conference
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TopBuild Corp (NYSE:BLD) reported a 3.4% increase in sales to $1.3 billion for Q2 2023. Gross margin and adjusted EBITDA margin both expanded by 190 basis points. The company also provided a positive outlook for 2023, with projected sales between $5.025 to $5.175 billion and adjusted EBITDA between $950 to $1,000 million.
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TopBuild Corp. has entered into an agreement to acquire Specialty Products & Insulation in an all-cash transaction valued at $960 million. The acquisition expands TopBuild's specialty distribution footprint and enhances fabrication capabilities. The deal is expected to result in $35-40 million of run-rate cost synergies. Approximately 50% of SPI's revenue is recurring. TopBuild plans to fund the transaction with a new $550 million Term Loan A and cash on hand.
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TopBuild Corp. has entered into an agreement to acquire all of the assets of Best Insulation, a residential insulation installer serving multiple high growth regions. Best Insulation generated approximately $100 million in revenue for the trailing twelve months. The transaction is expected to close within seven business days.
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FAQ

What is the current stock price of Topbuild (BLD)?

The current stock price of Topbuild (BLD) is $296.12 as of March 3, 2025.

What is the market cap of Topbuild (BLD)?

The market cap of Topbuild (BLD) is approximately 9.0B.

What does TopBuild Corp do?

TopBuild Corp specializes in the installation and distribution of insulation and related building products, serving residential, commercial, and industrial markets in the U.S.

What are the main business segments of TopBuild?

TopBuild operates through two segments: TruTeamSM, which provides insulation installation services, and Service Partners®, a distributor of insulation and other building materials.

Who are TopBuild’s primary customers?

TopBuild primarily serves contractors, builders, and property developers across residential, commercial, and industrial construction markets.

How does TopBuild address energy efficiency concerns?

TopBuild offers energy efficiency solutions through its Environments for Living® program, which focuses on sustainable building practices and thermal performance optimization.

What differentiates TopBuild from its competitors?

TopBuild’s vertically integrated business model, nationwide operational network, and expertise in building science set it apart from competitors in the construction supply chain.

Where does TopBuild operate?

TopBuild operates across the U.S., with over 190 installation branches in 43 states and 72 distribution centers in 35 states.

What other products does TopBuild offer besides insulation?

In addition to insulation, TopBuild provides complementary building products such as gutters, garage doors, fireproofing materials, and after-paint products.

How does TopBuild support sustainable construction practices?

Through its TopBuild Home Services and Environments for Living® program, the company promotes energy-efficient building designs and sustainable construction methods.

What challenges does TopBuild face in its market?

TopBuild faces challenges such as housing market fluctuations, interest rate volatility, and competition from other building material suppliers.

What opportunities exist for TopBuild in the construction industry?

TopBuild is well-positioned to capitalize on trends like green building practices, energy efficiency regulations, and expansion into niche markets like agricultural construction.
Topbuild Corp

NYSE:BLD

BLD Rankings

BLD Stock Data

8.97B
29.04M
0.5%
98.39%
2.74%
Engineering & Construction
Construction - Special Trade Contractors
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United States
DAYTONA BEACH