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TopBuild(BLD) - 2025 Q2 - Earnings Call Presentation
2025-08-05 13:00
Financial Performance - Q2 2025 - Sales decreased by 50% to $1297403000 compared to the three months ended June 30 2024[8] - Adjusted Operating Profit decreased by 73% to $220651000[8] - Adjusted Operating Margin was 170% a decrease of 40 bps[8] - Adjusted EBITDA Margin was 201% a decrease of 20 bps[8] Segment Performance - Installation - Installation sales decreased by 83% to $780678000[12] - Installation Adjusted Operating Profit decreased by 96% to $154541000[12] - Installation Adjusted Operating Margin was 198% a decrease of 30 bps[12] - Installation Adjusted EBITDA Margin was 223%[12] Segment Performance - Specialty Distribution - Specialty Distribution sales increased by 11% to $599184000[16] - Specialty Distribution Adjusted Operating Profit decreased by 22% to $87429000[16] - Specialty Distribution Adjusted Operating Margin was 146% a decrease of 50 bps[16] - Specialty Distribution Adjusted EBITDA Margin was 172% a decrease of 50 bps[16] Capital Allocation and Outlook - The company completed the Progressive Roofing acquisition adding approximately $438 million in annual revenue[7] - The company returned $1360 million in capital to shareholders in Q2 2025[25] - The company estimates sales of $5150 million to $5350 million and adjusted EBITDA of $970 million to $1070 million for 2025[34]
TopBuild(BLD) - 2025 Q1 - Earnings Call Presentation
2025-05-06 14:24
Financial Performance - First quarter sales were $1,233.278 million, a decrease of 3.6% compared to the same period in 2024 [7] - Adjusted operating profit was $194.147 million, a decrease of 9.5% compared to the same period in 2024 [7] - The company returned $215.6 million to shareholders through share repurchases in Q1 [6, 23] - Net debt is $1,067.4 million with a net leverage of 1.00x [19] Segment Performance - Installation segment sales were $745.533 million, a decrease of 6.7% compared to the same period in 2024 [11] - Specialty Distribution segment sales were $559.804 million, an increase of 2.6% compared to the same period in 2024 [15] Outlook and Strategy - The company is confirming full year 2025 guidance, with sales estimated between $5,050 million and $5,350 million and adjusted EBITDA between $925 million and $1,075 million [6, 48, 64] - The company completed the acquisition of Seal-Rite Insulation in April [26] - The company anticipates a high single-digit decline in residential sales and low single-digit growth in commercial & industrial sales for 2025 [45]