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Open The Door To Owens Corning's Upside Potential
Forbes· 2025-07-10 14:30
Toledo - Circa September 2020: Owens Corning Headquarters. Owens Corning develops and produces ... More insulation, roofing, and fiberglass composites.getty Uncertainty around the broader economic outlook continues to fuel market volatility.Navigating the noise requires a disciplined approach. By digging into the underlying financials, investors can uncover the true value of a stock – an essential skill for those looking to weather volatility, particularly with dividend-paying investments.A particularly ris ...
TopBuild (BLD) Surges 6.1%: Is This an Indication of Further Gains?
ZACKS· 2025-07-10 14:16
TopBuild (BLD) shares soared 6.1% in the last trading session to close at $378.8. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.3% gain over the past four weeks.TopBuild shares rose after announcing an $810 million cash deal to acquire Progressive Roofing, a Bow River Capital portfolio company. The acquisition is expected to provide TopBuild with a strong platform to enter the commercial roofing segment. Progressive Roofing ...
TopBuild to Acquire Progressive Roofing in All-Cash Transaction Valued at $810 Million, Creating a New Growth Platform
Globenewswire· 2025-07-08 10:45
Core Insights - TopBuild Corp. has announced the acquisition of Progressive Roofing for $810 million, which is expected to enhance its commercial roofing services and align with its core strengths in the building envelope installation market [1][3][4] Company Overview - TopBuild Corp. is a leading installer and distributor of insulation and related building materials in the U.S. and Canada, with approximately 250 branches [8] - Progressive Roofing, founded in 1978, specializes in commercial roofing installation services and generated $438 million in revenue and $89 million in EBITDA for the trailing 12 months ended March 31, 2025 [2][9] Acquisition Details - The acquisition represents a multiple of approximately 9.1x Progressive's EBITDA and 8.6x post-synergies, considering $5 million in expected synergies [1] - The transaction is expected to close in early Q3 2025, subject to regulatory approvals [5] Market Potential - The commercial roofing services industry is valued at approximately $75 billion and is characterized as highly fragmented and largely non-discretionary [1][4] - Approximately 70% of Progressive's revenue is derived from non-discretionary re-roofing and maintenance services, which are less sensitive to economic cycles [2][4] Strategic Alignment - The acquisition aligns with TopBuild's strategy to expand its offerings and increase exposure to non-cyclical revenue drivers [3][4] - Both companies share a similar branch model and a commitment to technology investments that enhance operational efficiency [4] Financial Impact - The transaction is expected to be immediately accretive to TopBuild's adjusted earnings per share [1] - Pro forma net debt to adjusted EBITDA for TopBuild is approximately 1.6x following the acquisition [5][12]
Sensata's Dynapower Unveils MV Integrated PowerSkid: Stock to Gain?
ZACKS· 2025-06-09 14:50
Core Insights - Sensata Technologies Holding plc's subsidiary, Dynapower, has launched the MV Integrated PowerSkid, aimed at enhancing medium-voltage energy systems in sectors such as renewables, battery energy storage systems (BESS), data centers, and green hydrogen [1][9] Group 1: Product Overview - The MV Integrated PowerSkid features Dynapower's fifth-generation CPS-2500 inverters, which are efficient, three-level MW-scale converters known for high power density and rapid responsiveness [3] - The product is pre-assembled and pre-tested, significantly reducing deployment time and costs, and is designed to fit within a 20-foot ISO high cube container [3][4] - Its compact design minimizes transportation and logistics burdens, allowing for tailored configurations suitable for various project sizes and specifications [4] Group 2: Market Applications - The MV Integrated PowerSkid is versatile, making it suitable for utility-scale and commercial & industrial (C&I) BESS, high-voltage electrolysis processes, large-scale stationary fuel cell installations, and emerging Power-to-X applications like hydrogen production [4][5] - The product includes a DC-ready variant that integrates multiple DC-DC converters, enhancing its capabilities for demanding use cases [5] Group 3: Strategic Positioning - Dynapower's new solution addresses the urgent demand for flexible, high-performance, and rapidly deployable infrastructure in the energy sector, positioning Sensata Technologies favorably in a competitive landscape [6] - The increasing adoption of the MV Integrated PowerSkid is expected to positively impact Sensata's financial performance and share price [6] Group 4: Company Portfolio and Challenges - Sensata has a diverse portfolio that includes high-voltage protection and battery management systems, as well as advanced sensing and electrical protection solutions for various industries [7] - The company faces challenges from an uncertain global economic environment and shifting trade policies, which may affect its quarterly results due to tariff-related cost recovery issues [10]
JENNAIR® INTRODUCES NEW LUXE APPLIANCE INNOVATIONS ACROSS REFRIGERATION, WINE COLUMNS, INDUCTION RANGE, AND WALL OVENS
Prnewswire· 2025-05-28 13:00
New JennAir® Product Lineup, including bespoke Nature Squared Partnership, Offers Expanded Options for Designers and Elevates Luxe Consumer Homes BENTON HARBOR, Mich., May 28, 2025 /PRNewswire/ -- At KBIS 2025, JennAir displayed the brand's continued dedication to redefining the traditional trade show experience with an immersive, multisensory installation built to captivate designers and architects alike. At the show, the brand unveiled new designs in partnership with Nature Squared, debuted multiple innov ...
Installed Building Products: Currently On Sale
Seeking Alpha· 2025-05-21 09:05
Group 1 - Installed Building Products, Inc. (IBP) is a leading installer of insulation, waterproofing, fireproofing, and other complementary building products for commercial and residential construction projects in the US [1] - The company has experienced substantial revenue growth [1] Group 2 - The analyst has no current stock, option, or similar derivative position in any of the companies mentioned but may initiate a beneficial long position in IBP within the next 72 hours [2] - The article expresses the author's own opinions and is not receiving compensation for it [2]
TopBuild Extends and Upsizes Senior Secured Credit Facilities
Globenewswire· 2025-05-19 11:48
Core Viewpoint - TopBuild Corp. has successfully extended and increased its senior secured credit facilities to $2.25 billion, enhancing its liquidity and financial flexibility to support its capital allocation strategy [1][2]. Group 1: Financial Details - The new credit facilities consist of a $1.0 billion term loan, a $1.0 billion revolving credit facility, and a $250.0 million delayed draw term loan, all maturing in May 2030 [1]. - The amended credit facilities will incur interest at the Secured Overnight Financing Rate (SOFR) plus 1.25% per annum, subject to adjustments based on a leverage-based pricing grid [2]. Group 2: Company Overview - TopBuild Corp. is a leading installer and specialty distributor of insulation and building material products in the construction industry across the United States and Canada [3]. - The company operates more than 200 branches for insulation installation services and over 150 branches for its Specialty Distribution business, which includes building and mechanical insulation and related products [3].
WMS' Q4 Earnings & Sales Miss Expectations, Margins Down Y/Y
ZACKS· 2025-05-16 15:40
Advanced Drainage Systems, Inc. (WMS) reported dismal results for the fourth quarter of fiscal 2025. Its adjusted earnings and net sales lagged the Zacks Consensus Estimate and tumbled on a year-over-year basis.The gloomy quarterly performance reflects unfavorable impacts from higher interest rates and ongoing economic uncertainties. Moreover, adverse winter weather conditions this year against a favorable scenario in the year-ago quarter made comparisons weak, thus adding to the headwinds.Moving into fisca ...
Carlisle to Acquire Bonded Logic & Strengthen Product Portfolio
ZACKS· 2025-05-16 15:31
Acquisition Announcement - Carlisle Companies Incorporated (CSL) has signed a definitive deal to acquire certain assets of Bonded Logic, Inc. and Phoenix Fibers, LLC, indicating CSL's intention to become a pure-play building products company [1] - The financial terms of the acquisition have not been disclosed [1] Acquisition Rationale - The acquisition aligns with Carlisle's Vision 2030 strategy, aimed at strengthening its business and product portfolio [2] - Bonded Logic's advanced natural fiber insulation products will enhance CSL's building envelope product offerings [2] Timeline - The acquisition is expected to be completed in the second quarter of 2025, subject to customary closing conditions [3] Market Position and Performance - Carlisle has a market capitalization of $17.3 billion and currently holds a Zacks Rank 3 (Hold) [4] - The company is benefiting from strength in the non-residential market, particularly from increased re-roofing activities [4] - Revenues are anticipated to grow in the mid-single digits in 2025 due to strong momentum in the Construction Materials unit [4] Challenges - The Weatherproofing Technologies unit is facing challenges due to lower volumes from a slowdown in the residential construction market [5] - High debt levels are also a concern for the company [5] Stock Performance - Over the past three months, CSL's shares have increased by 12%, outperforming the industry's growth of 1.3% [6] - The Zacks Consensus Estimate for CSL's 2025 earnings has decreased by 0.1% in the last 60 days [6] - CSL has a trailing four-quarter average earnings surprise of 2.3% [6]
TopBuild: Insulating Profits With A Valuation You Can Warm Up To
Seeking Alpha· 2025-05-15 12:11
TopBuild Corp. (NYSE: BLD ) is a leading installer and specialty distributor of insulation and building material products, serving the construction industry across residential, commercial, and industrial markets. With a nationwide footprint, the company operates through two primary segments, Installation Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or op ...