This study analyzes the $8 billion US market for gutters and downspouts.Market value for gutter system products - including gutters, downspouts, gutter guards, and related hardware and accessories - is projected to rise 2.7% per year to $8.3 billion in 2027. Unit demand and value demand data is shown for gutters and downspouts by material (steel, aluminum, plastic, copper), product type (gutters, downspouts, gutter guards, hardware & accessories) and market (new, improvement, and repair demand in both resid ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. What are the Zacks Style Scores? The Style Scores are broken down into four categories: Growth Score Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum ...

Will the recent positive trend continue leading up to its next earnings release, or is TopBuild due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. TopBuild reported mixed results for first-quarter 2024, wherein its earnings topped the Zacks Consensus Estimate but net sales missed the same. Also, the company has revised its forecast for 2024 upward, c ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zac ...

On Mar 1, TopBuild acquired the residential insulation business Morris Black and the customized insulation products and accessories business Pest Control Insulation or PCI. Morris Black is included under its installation segment, which expanded the company's presence in the Pennsylvania market, while PCI is included under the specialty distribution segment. On Feb 15, the company acquired the assets of the residential and light commercial insulation business, Brabble. This installation segment acquisition e ...

TopBuild Corp., headquartered in Daytona Beach, Florida, is a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada. We provide insulation installation services nationwide through our Installation segment which has approximately 240 branches located across the United States. We distribute building and mechanical insulation, insulation accessories and other building product materials for the residential, c ...

DAYTONA BEACH, Fla., June 03, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada, announced today that it has acquired Texas Insulation, which generates approximately $39 million in annual revenue. Texas Insulation operates out of three locations in Dallas, Houston, and Austin and serves customers in the residential and light commercial end markets. ...

Group 1: Zacks Style Scores Overview - Zacks Style Scores are complementary indicators that rate stocks based on value, growth, and momentum methodologies, helping investors identify stocks with the best chances of outperforming the market over the next 30 days [2][3] - Each stock is rated from A to F, with A being the highest score, indicating a better chance of outperforming [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, which combines all three [3][4][5][6] Group 2: Value Score - The Value Score focuses on identifying undervalued stocks using ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to find attractive investment opportunities [3] Group 3: Growth Score - The Growth Score emphasizes a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow to identify stocks with sustainable growth potential [4] Group 4: Momentum Score - The Momentum Score identifies optimal times to invest based on price trends and earnings outlook changes, utilizing factors like one-week price change and monthly earnings estimate percentage change [5] Group 5: VGM Score - The VGM Score combines the Value, Growth, and Momentum Scores to help investors find companies with the most attractive overall characteristics [6] Group 6: Zacks Rank and Performance - The Zacks Rank is a proprietary stock-rating model that uses earnings estimate revisions to assist investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] Group 7: Stock Example - TopBuild Corp. (BLD) - TopBuild Corp. is an installer and distributor of insulation and building products in the U.S. construction industry, trading under the symbol "BLD" since July 1, 2015 [11] - BLD has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating potential for growth [11] - The company is forecasted to have a year-over-year earnings growth of 9% for the current fiscal year, with upward revisions in earnings estimates from analysts [12]

TopBuild Corp. (BLD) reported mixed results for first-quarter 2024, wherein its earnings topped the Zacks Consensus Estimate but revenues missed the same.Nonetheless, both earnings and net sales grew on a year-over-year basis. Notably, effective price realization during the quarter, combined with productivity initiatives, resulted in a 100 basis points (bps) expansion of the adjusted EBITDA margin.Also, the company has revised its forecast for 2024 upward, considering the robust profitability observed in th ...

Financial Performance - Net sales for the three months ended March 31, 2024, were $1,278,717 thousand, compared to $1,265,238 thousand for the same period in 2023, reflecting an increase of 1.1%[99] - Gross profit margin improved to 30.3% for the three months ended March 31, 2024, up from 29.3% in 2023, primarily due to productivity initiatives and higher selling prices[99] - Operating profit margin increased to 16.8% for the three months ended March 31, 2024, compared to 15.8% in 2023, driven by productivity initiatives and higher selling prices[100] - Net income for the three months ended March 31, 2024, was $152,381 thousand, compared to $135,870 thousand in 2023, resulting in a net margin of 11.9%[99] Sales and Acquisitions - The Installation segment saw a sales increase of $31.7 million, or 4.1%, for the three months ended March 31, 2024, with contributions from acquisitions and higher selling prices[101] - The company acquired the assets of the residential insulation business Morris Black for $3.6 million on March 1, 2024, enhancing its presence in the Pennsylvania market[111] - The company plans to acquire the assets of Insulation Works, Inc. for approximately $25.2 million, expected to close in mid-May 2024, enhancing its presence in the Arkansas market[118] Tax and Cash Flow - The effective tax rate for the three months ended March 31, 2024, was 26.4%, compared to 25.9% for the same period in 2023, primarily due to increased tax expense related to share-based compensation[104] - Net cash provided by operating activities was $178,777 thousand for the three months ended March 31, 2024, compared to $169,801 thousand in 2023[105] Liabilities - Total accrued liabilities increased to $201,402 thousand as of March 31, 2024, from $187,217 thousand as of December 31, 2023[113]