TopBuild Corp ( (BLD) ) has released its Q2 earnings. Here is a breakdown of the information TopBuild Corp presented to its investors.
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TopBuild Corp., based in Daytona Beach, Florida, is a prominent installer of insulation and commercial roofing, and a specialty distributor of insulation and related building materials to the construction industry across the United States and Canada. The company operates through its Installation and Specialty Distribution segments, serving residential, commercial, and industrial markets.
In its latest earnings report, TopBuild Corp. announced second-quarter sales of $1.3 billion, with an adjusted EBITDA margin of 20.1%. The company also highlighted its recent acquisition of Progressive Roofing, which is expected to contribute significantly to its 2025 financial outlook. Despite a 5% decline in sales compared to the previous year, the company remains focused on strategic growth and operational efficiency.
Key financial metrics revealed a decrease in sales driven by an 8.3% drop in the Installation segment, partially offset by a 1.1% increase in Specialty Distribution. The company’s operating profit increased to $219.8 million from $210.4 million in the previous year, with a reported net income of $151.6 million. TopBuild also repurchased nearly 455,000 shares, returning $136 million to shareholders, indicating a strong commitment to shareholder returns.
Looking ahead, TopBuild’s management remains optimistic about the long-term fundamentals of its business, with a 2025 sales outlook ranging from $5.150 billion to $5.350 billion and adjusted EBITDA between $970 million and $1,070 million. The company plans to continue focusing on mergers and acquisitions as a key strategy for growth, while also navigating economic uncertainties in the residential and light commercial markets.