Core Viewpoint - The company is focusing on strategic acquisitions to enhance growth alongside organic strategies, aiming to expand into new markets and product lines [1][6]. Acquisitions - On June 3, 2024, the company acquired Texas Insulation from Energy One America, enhancing its presence in Dallas, Houston, and Austin [1]. - On May 3, 2024, the company entered into an agreement to acquire Insulation Works, Inc., and is likely to acquire GreenSpace Insulation [2][14]. Financial Performance - In Q1 2024, the company experienced a 20% year-over-year growth in its multi-family segment, with improved single-family installation demand expected to continue throughout the year [4][6]. - The company's net sales increased year-over-year, with adjusted earnings per share growing by 10.3%, and adjusted operating margin and adjusted EBITDA margin expanding by 70 basis points and 100 basis points, respectively [5][11]. Market Position - Despite challenging housing market conditions, the company has shown strength, with shares surging 12.7% in the past three months, outperforming the industry growth of 5.1% [9]. - Demand for the company's insulation products is driven by new constructions, commercial projects, and the need for energy-efficient solutions [10]. Growth Estimates - The company's earnings estimates for 2024 suggest a growth rate of 9.6% with a revenue improvement of 5.3%, and it has consistently beaten earnings estimates in the past four quarters [11]. Return on Equity - The company has a return on equity (ROE) of 25.9%, significantly higher than the industry average of 14.9%, indicating efficient use of shareholders' funds [15]. Shareholder Value - The company plans to enhance shareholder value through investments in new production areas, selective acquisitions, and a share repurchase program of up to $1.0 billion, in addition to the remaining $154.4 million from 2023 [16]. Valuation - The stock has a forward 12-month price-to-earnings ratio of 19.47X, above the industry average of 16.89X, but this premium is justified by the company's strategic efforts to improve productivity and operational efficiency [17].

TopBuild is a member of our Construction group, which includes 90 different companies and currently sits at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group. The Zacks Consensus Estimate for BLD's full-year earnings has moved 2.9% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. In CRH's ...

To participate in the live call, dial 1-877-407-9037 or internationally 1-201-493-6738 approximately ten minutes before the scheduled call time. Investor Relations and Media Contact PI Aquino pi.aquino@topbuild.com 386-763-8801 DAYTONA BEACH, Fla., July 08, 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, will release its second quarter results prior to ...

DAYTONA BEACH, Fla., July 08, 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, will release its second quarter results prior to 7:00 a.m. on Tuesday, August 6. The Company will host a conference call at 9:00 a.m. Eastern time that same day to review its financial results. To participate in the live call, dial 1-877-407-9037 or internationally 1-201-493-6 ...

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 ...

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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 ...

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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 ...