As IBP continues to grow, so does its commitment to being a positive force in the communities where IBP's employees live and work. Through the Installed Building Products Foundation and corporate giving programs, the Company contributes more than 1% of its annual EBITDA to support education, housing, and community resilience initiatives nationwide. IBP's inaugural ESG report was issued in 2021, and steady progress has been achieved in accomplishing the Company's original goals. The Company's dedication to r ...

The Department of Energy is looking to cut billions more in federal funding, and many promising startups as well as automakers Ford, General Motors, and Stellantis could be affected by the Trump administration’s decision.The proposed cuts would cancel more than $500 million of contracts awarded to more than a dozen startups, according to a TechCrunch analysis of a internal document that has not become public yet. All of the proposed cuts are grants that had been awarded under the Bipartisan Infrastructure L ...

Conference Call and Webcast at 9:00 A.M. EasternDAYTONA BEACH, Fla., Oct. 07, 2025 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a leading installer of insulation and commercial roofing and a specialty distributor of insulation and related building material products to the construction industry in the United States and Canada, announced it will release its third quarter 2025 results prior to 7:00 a.m. Eastern time on Tuesday, November 4. The Company will host a conference call at 9:00 a.m. that same day to ...

October 6, 2025 CAPITAL MARKETS DAY BENOIT BAZIN Chairman & Chief Executive Officer MAUD THUAUDET Chief Financial Officer Side comments to check in v59 OPENING A NEW CHAPTER TO ACCELERATE PROFITABLE GROWTH 2 CAPITAL MARKETS DAY – OCTOBER 6, 2025 THE WORLDWIDE LEADER IN LIGHT & SUSTAINABLE CONSTRUCTION #1 IN LIGHT BUILDING MATERIALS Leveraging LOCAL-FOR-LOCAL LEADERSHIP To grow across both MATURE AND EMERGING markets #1 IN EUROPE #1 IN NORTH AMERICA #1 IN AUSTRALIA #1 IN MIDDLE EAST #1 IN LATIN AMERICA #1 IN ...

Carlisle Companies Incorporated (NYSE:CSL) is included among the 11 Cheap Quarterly Dividend Stocks to Buy Right Now. How Carlisle Companies’ (CSL) Role Supports its Position in Cheap Quarterly Dividend Stocks Image by Steve Buissinne from Pixabay Carlisle Companies Incorporated (NYSE:CSL) designs and produces a variety of energy-efficient and sustainable products for both commercial and residential buildings. Its core divisions, Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technol ...

Core Insights - TopBuild Corp. will host an Investor Day in New York City on December 9, 2025, starting at 8:00 a.m. ET [1] - The event will feature presentations from the President and CEO Robert Buck, CFO Rob Kuhns, and senior leadership, covering the company's business model, growth drivers, capital allocation strategy, and long-term financial targets [2] - Attendees will have the opportunity to engage in Q&A sessions and interact with management during lunch [2] Company Overview - TopBuild Corp. is a leading installer of insulation and commercial roofing, as well as a specialty distributor of insulation and related building materials in the U.S. and Canada [4] - The company operates over 200 branches nationwide for insulation and commercial roofing installation services [4] - Its Specialty Distribution business includes more than 150 branches across the U.S. and Canada, distributing building and mechanical insulation and related products [4]

Core Viewpoint - TopBuild Corp. has announced a private offering of $750 million in senior notes due 2034 with an interest rate of 5.625%, intended for general corporate purposes, including potential acquisitions [1][2]. Group 1: Offering Details - The offering is expected to close on September 25, 2025, subject to customary closing conditions [2]. - The notes will be guaranteed on an unsecured senior basis by TopBuild's wholly owned domestic subsidiaries that are borrowers or guarantors under the Company's credit agreement [2]. - The notes will not be registered under the Securities Act or any state securities laws, and cannot be offered or sold in the U.S. without registration or an applicable exemption [3]. Group 2: Company Overview - TopBuild Corp. is a leading installer of insulation and commercial roofing, as well as a specialty distributor of insulation and related building materials in the U.S. and Canada [4]. - The company operates over 200 branches nationwide for insulation and commercial roofing installation services and has more than 150 branches for its Specialty Distribution business [4].

Core Viewpoint - TopBuild Corp. announced a private offering of $750 million in senior notes due 2034 to qualified institutional buyers and certain non-U.S. persons, intending to use the proceeds for general corporate purposes, including potential acquisitions [1][2]. Company Overview - TopBuild Corp. is a leading installer of insulation and commercial roofing, as well as a specialty distributor of insulation and related building materials in the U.S. and Canada [4]. - The company operates over 200 branches nationwide for insulation and commercial roofing installation services and has more than 150 branches for its Specialty Distribution business [4]. Offering Details - The notes will be guaranteed on an unsecured senior basis by TopBuild's wholly owned domestic subsidiaries that are borrowers or guarantors under the company's credit agreement [2]. - The offering is subject to market conditions, and there is no assurance regarding its completion or terms [2]. - The notes will not be registered under the Securities Act or any state securities laws, and cannot be offered or sold in the U.S. without registration or an applicable exemption [3].

Core Insights - Lowe's is making an $8.8 billion acquisition of Foundation Building Materials (FBM) to enhance its professional contractor business [2][3] - The acquisition aligns with Lowe's Total Home strategy and aims to capture a share of the $250 billion total addressable market for professional spending [3] - FBM operates over 370 locations in the U.S. and Canada, serving 40,000 professional contractor customers with a focus on building products [3] Industry Context - The acquisition follows Home Depot's recent purchase of GMS to expand its Pro customer base, indicating a competitive landscape focused on professional contractors [4] - Both Lowe's and Home Depot are increasingly relying on professional customers for sales growth as consumer spending declines in the building materials sector [4][5] - Pro builders are seen as more valuable due to their higher spending per project and lower sensitivity to consumer sentiment, as evidenced by Home Depot's Q2 performance [6] Market Potential - The addressable pro market in the U.S. is estimated to be worth over $450 billion annually, presenting significant growth opportunities for companies like Lowe's and Home Depot [7]

Financial Data and Key Metrics Changes - The company reported sales of $24 billion for the quarter, with comparable sales increasing by 1.1% [6][24] - Adjusted diluted earnings per share reached $4.33, marking a 5.6% increase compared to the previous year [6][23] - Adjusted gross margin improved to 33.8%, up 37 basis points from last year [25] - Inventory at the end of Q2 was $16.3 billion, down $499 million year-over-year [26] Business Line Data and Key Metrics Changes - Positive comparable sales were delivered in nine of the fourteen merchandise divisions, with notable growth in pro and online sales [11][12] - The lawn and garden category saw strong performance, driven by live goods and seasonal offers [12] - Building products, including plumbing repair and drywall, also experienced positive comps, reflecting ongoing momentum in repair and maintenance projects [13] Market Data and Key Metrics Changes - The macro environment remains supportive for homeowners, with strong balance sheets, wage growth, and low unemployment [9] - Analysts estimate approximately $50 billion in deferred project demand due to delayed discretionary projects over the past few years [9] - The need for an estimated 18 million new homes by 2033 indicates a healthy pipeline for home improvement and new construction [10] Company Strategy and Development Direction - The acquisition of Foundation Building Materials (FBM) is seen as a transformational move to enhance the company's pro offerings and capture a larger share of the $250 billion total addressable market [5][39] - The company aims to integrate FBM's capabilities to improve job site delivery and expand product offerings for pro customers [37][39] - The strategy focuses on leveraging acquisitions to strengthen the pro distribution platform and enhance overall growth potential [38][89] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term outlook for the home improvement industry, driven by aging housing stock and pent-up demand [9][10] - The company anticipates a flat home improvement market for the remainder of the year, with expectations for gradual improvements in underlying business performance [28][72] - Management highlighted the importance of continuous improvement initiatives to navigate the uncertain environment and deliver value to customers [27][60] Other Important Information - The company generated $3.7 billion in free cash flow during the quarter and paid $645 million in dividends [27] - The acquisition of ADG was completed in June, and it is expected to complement the FBM acquisition by offering a comprehensive interior solutions platform [10][41] Q&A Session Summary Question: Can you expand on Foundation's year-to-date performance in 2025? - Management refrained from providing specific details until after the transaction closes but expressed excitement about FBM's historical performance [46] Question: What percentage of the 33,000 SKUs will be net new to Lowe's? - Management indicated it is too early to provide specifics but sees significant opportunities for complementary products [47] Question: Can you elaborate on the pro sentiment survey results? - Pros reported stable backlogs and confidence in job prospects, although labor costs are rising [58][60] Question: What is the customer makeup of FBM? - FBM serves about 40,000 customers with a balanced mix of 45% residential and 55% commercial, minimizing concentration risk [68] Question: How does the company plan to leverage the acquisitions? - The combination of FBM and ADG is expected to create differentiation and allow the company to capture a larger share of the pro market [95]