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) will participate in a live fireside chat at the Stephens Annual Investment Conference on November 17 at 2:00 p.m. ET. John Peterson, the Chief Financial Officer, will lead the 45-minute session, which will be available via webcast on TopBuild’s Investor Relations page.
Following the presentation, a replay will be accessible one hour later. TopBuild is a prominent installer and distributor of insulation and building materials across the U.S., operating through over 200 branches nationwide.
TopBuild Corp. (NYSE: BLD) will participate in a live fireside chat at the Berenberg U.S. CEO Conference 2020, scheduled for November 13 at 10:00 a.m. ET. The discussion will feature President and COO Robert Buck, who will become CEO on January 1, 2021, alongside CFO John Peterson. This 45-minute presentation will be available via webcast on TopBuild's Investor Relations website, with a replay accessible an hour after the event concludes.
TopBuild Corp. (NYSE:BLD) reported a 2.2% increase in net sales for Q3 2020, totaling $697.2 million. The company's gross margin expanded by 210 basis points to 28.4%, while operating profit surged to $101.5 million. Adjusted EBITDA rose 21.6% to $119.2 million, with an EBITDA margin of 17.1%. Despite challenges in its commercial business due to COVID-19, CEO Jerry Volas expressed optimism about market fundamentals. The company also completed the acquisition of Garland Insulating, aiming for continued growth through M&A.
TopBuild Corp. (NYSE:BLD) will release its third quarter 2020 results on November 3, prior to 7:00 a.m. Eastern time. A conference call will occur at 9:00 a.m. to discuss financial outcomes. TopBuild is a leading installer and distributor of insulation and building materials in the U.S., operating through TruTeam® and Service Partners®. The company aims to leverage its national presence for economies of scale while fostering local customer relationships.
TopBuild Corp. (NYSE: BLD) has acquired Garland Insulating, enhancing its presence in Texas and Colorado. Garland, a significant player since 1946, has generated approximately $60 million in revenue over the past year. This acquisition expands TopBuild's reach into key Texas markets, including Houston and Dallas-Fort Worth, and strengthens its customer relationships. Year-to-date, TopBuild has made three acquisitions projected to yield $79 million in annual revenue, highlighting its aggressive growth strategy.
TopBuild Corp. (NYSE: BLD) announced that Robert Buck, its President and COO, will participate in a fireside chat on September 17, 2020, at 12:00 p.m. ET. This event will be hosted by Philip Ng from Jefferies LLC and will be accessible via a live webcast. Buck is set to assume the role of CEO starting January 1, 2021. TopBuild specializes in insulation and building material products, operating nationwide through its TruTeam and Service Partners brands.
TopBuild Corp. (NYSE: BLD) announced the appointment of Luis F. Machado as General Counsel and Corporate Secretary. With over twenty years of legal and compliance experience in various industries, Machado strengthens the company's leadership. Prior to joining TopBuild, he held senior legal positions at CTS Corporation, L Brands, and Wm. Wrigley Jr. Company. Machado holds a degree from the University of Michigan and a JD from Loyola University Chicago School of Law. TopBuild specializes in insulation and building material distribution with a nationwide presence.
TopBuild Corp. (NYSE:BLD) reported Q2 2020 results, showing a 2.1% decline in net sales to $646.1 million due to COVID-19 impacts. Despite this, gross margin increased 110 basis points to 27.6%, and adjusted operating margin rose 130 basis points to 12.9%. Net income reached $55.5 million or $1.67 per diluted share. Cash and equivalents stood at $258.8 million, with total liquidity of $648.5 million. CEO Jerry Volas expressed confidence in navigating ongoing challenges and opportunities as the company resumes its acquisition program.
TopBuild Corp. (NYSE: BLD) announced that Robert Buck, President and COO, and John Peterson, CFO, will present at the Jefferies 2020 Global Industrials Conference on August 5, 2020, at 8:35 a.m. Eastern time. The presentation will last 30 minutes and will be available via webcast on TopBuild’s investor relations webpage. A replay will be accessible one hour after the live event. TopBuild, a leading installer and distributor of insulation and building materials in the U.S. construction sector, operates through approximately 200 TruTeam branches and over 75 Service Partners branches.
TopBuild Corp. (NYSE: BLD) is set to release its second quarter 2020 financial results on August 4 at 7:00 a.m. Eastern time. A conference call to discuss the results will follow at 9:00 a.m. Eastern time. The call can be accessed by dialing (888) 225-2706 for US/Canada callers, and a live webcast will be available on the Company's website. TopBuild, based in Daytona Beach, Florida, specializes in installing and distributing insulation and building materials across the U.S. construction industry.
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