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) is the leading installer and distributor of insulation products for the United States construction industry, distinguished by its comprehensive service offerings and national presence. Based on revenue, TopBuild holds a prominent position in the market. The company operates primarily through two business segments: Installation and Specialty Distribution.
Through its TruTeamSM business, TopBuild provides insulation installation services nationwide, supported by over 190 installation branches across 43 states. This segment focuses on serving contractors in residential, commercial, and industrial markets. The Specialty Distribution segment, operating under the Service Partners® brand, distributes insulation and related building products from 72 distribution centers located in 35 states. This distribution network caters to the needs of both small and large-scale contractors.
TopBuild is also recognized as a leader in building science through its subsidiary, TopBuild Home Services, Inc., and its Environments for Living® program, which offer advanced solutions for energy efficiency and sustainability. This commitment to innovation helps TopBuild maintain its competitive edge.
Founded in 2015 as a spin-off from Masco Corporation, TopBuild has grown independently, emphasizing operational efficiency and profitable growth. Recent achievements include mid-single digit volume growth in both the Installation and Specialty Distribution segments, particularly in the non-residential sector. The company’s diverse business model enables it to pursue various growth opportunities across its primary markets.
Financially, TopBuild continues to demonstrate solid performance, attributed to its focus on productivity and operational efficiencies. The company’s strategic approach includes acquisitions to generate shareholder value, most recently targeting the acquisition of SPI. With a robust track record and a clear vision for future growth, TopBuild remains a key player in the construction industry.
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.
TopBuild Corp. (NYSE:BLD) announced that Robert Buck, President and CEO, and Rob Kuhns, CFO, will present at the Jefferies 2022 Global Industrials Conference on August 9, 2020, at 2:00 p.m. Eastern Time. The 25-minute presentation will be available via live webcast. A replay will be accessible one hour post-presentation. TopBuild, headquartered in Daytona Beach, Florida, is a major installer and distributor of insulation and building materials across the U.S. and Canada, operating about 230 branches nationwide.
TopBuild Corp. (NYSE:BLD) reported robust Q2 2022 financial results, with sales soaring by 52.7% to $1.3 billion and net income increasing by 59.0% to $143.7 million. Adjusted EBITDA margin improved 100 basis points to 19.0%. The company is on track to achieve $35 million to $40 million in synergies from its recent DI integration. With continued strong demand across all service areas, TopBuild forecasts 2022 sales between $4.8 billion and $4.9 billion, and adjusted EBITDA of $860 million to $900 million.
FAQ
What is the current stock price of TopBuild (BLD)?
What is the market cap of TopBuild (BLD)?
What does TopBuild Corp. do?
How many states does TopBuild operate in?
What are the main segments of TopBuild's business?
What is TruTeam?
What is Service Partners?
When was TopBuild founded?
What is the Environments for Living program?
How does TopBuild generate revenue?
Who are TopBuild's main customers?
What recent achievements has TopBuild made?
