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Housing Market Depression Creates A Buying Opportunity In Toll Brothers And TopBuild
Seeking Alpha· 2024-12-13 14:22
As conditions turned more challenging in the housing market given the increasing gap between supply and demand, stock prices across the homebuilding industry plunged sharply, which I believe is presenting a buying opportunity in well-established companies. TopBuild Corporation (Komal is passionate about finance and the stock market. She enjoys forecasting future market trends using a fundamental and technical approach with a focus on both short- and long-term horizons. She intends to provide unbiased analys ...
TopBuild Expands Specialty Distribution With Metro Supply Buyout
ZACKS· 2024-11-21 15:45
TopBuild Corp. (BLD) continues to strengthen its foothold in the construction industry with its latest acquisition of Metro Supply Company. The move is expected to generate an additional $35 million in annual revenues while expanding TopBuild’s market reach into the New York/New Jersey and Baltimore/Washington areas.The acquisition, set to close in the fourth quarter of 2024, adds two strategically located branches to TopBuild’s Specialty Distribution network. CEO Robert Buck emphasized that Metro Supply al ...
TopBuild to Acquire Metro Supply Company
GlobeNewswire News Room· 2024-11-20 21:15
Mechanical Insulation Distributor Expands TopBuild’s Commercial and Industrial Offerings and Builds on Metro Supply’s Strong Customer Relationships; Approximately $35 Million in Annual Revenue DAYTONA BEACH, Fla., Nov. 20, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, has entered into an agreement to acquire Metro Supply Company, a leading commercial ...
TopBuild Stock Gains on Q3 Earnings Beat, Sales Lag Estimates
ZACKS· 2024-11-06 18:36
TopBuild Corp. (BLD) reported mixed results for the third-quarter 2024, wherein its earnings topped the Zacks Consensus Estimate and sales missed the same.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Nonetheless, both earnings and sales increased year over year on the back of pricing and increased volumes. TopBuild also benefited from acquisitions despite the challenges.Shares of this installer and distributor of insulation and other building products climbed 4.3% during the trad ...
TopBuild(BLD) - 2024 Q3 - Quarterly Report
2024-11-05 21:06
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 193 For the transition period from to Commission file number: 001-36870 TopBuild Corp. (Exact name of Registrant as Specified in its Charter) Delaware (State or Other Jurisdiction o ...
TopBuild(BLD) - 2024 Q3 - Earnings Call Transcript
2024-11-05 17:46
TopBuild Corp (NYSE:BLD) Q3 2024 Results Conference Call November 5, 2024 9:00 AM ET Company Participants P.I. Aquino - Vice President of Investor Relations Robert Buck - CEO, President & Director Robert Kuhns - CFO & VP Conference Call Participants Margaret Miller - Jefferies Michael Rehaut - JPMorgan Susan Maklari - Goldman Sachs Garik Shmois - Loop Capital Keith Hughes - Truist Shaun Calnan - BofA Ken Zener - Seaport Research Adam Baumgarten - Zelman & Associates Operator Greetings, and welcome to TopBu ...
TopBuild (BLD) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-11-05 15:36
TopBuild (BLD) reported $1.37 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 3.6%. EPS of $5.68 for the same period compares to $5.43 a year ago.The reported revenue represents a surprise of -1.72% over the Zacks Consensus Estimate of $1.4 billion. With the consensus EPS estimate being $5.62, the EPS surprise was +1.07%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...
TopBuild (BLD) Surpasses Q3 Earnings Estimates
ZACKS· 2024-11-05 14:00
TopBuild (BLD) came out with quarterly earnings of $5.68 per share, beating the Zacks Consensus Estimate of $5.62 per share. This compares to earnings of $5.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.07%. A quarter ago, it was expected that this insulation products company would post earnings of $5.68 per share when it actually produced earnings of $5.42, delivering a surprise of -4.58%.Over the last four quarters, t ...
TopBuild(BLD) - 2024 Q3 - Quarterly Results
2024-11-05 11:50
Exhibit 99.1 TopBuild Reports Third Quarter Results Third quarter sales of $1.37 billion driven by 4.2% Installation growth and 5.1% Specialty Distribution growth Delivered gross margin of 30.7% and adjusted EBITDA margin of 20.8% Narrows 2024 guidance to $5.3 to $5.35 billion in revenue and $1.055 to $1.085 billion in adjusted EBITDA DAYTONA BEACH, FL – November 5, 2024 — TopBuild Corp. (NYSE:BLD) a leading installer and specialty distributor of insulation and building material products to the construction ...
TopBuild Reports Third Quarter Results
GlobeNewswire News Room· 2024-11-05 11:45
Third quarter sales of $1.37 billion driven by 4.2% Installation growth and 5.1% Specialty Distribution growth Delivered gross margin of 30.7% and adjusted EBITDA margin of 20.8% Narrows 2024 guidance to $5.3 to $5.35 billion in revenue and $1.055 to $1.085 billion in adjusted EBITDA DAYTONA BEACH, Fla., Nov. 05, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD) a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and C ...