While TopBuild faces challenges in the residential market and price/cost headwinds, the acquisition of Progressive Roofing and growth in heavy commercial and industrial segments underscore a strategic pivot that supports long-term growth. Strong cash flow management and improved EBITDA margins further reflect the company's ability to navigate a tough macro environment.

Company Guidance -

Q3 2025

During the TopBuild second quarter 2025 earnings call, the company provided guidance indicating a cautious yet optimistic outlook. They expect full-year sales to range between $5.15 billion and $5.35 billion, incorporating the impact of the Progressive Roofing acquisition, which is projected to add approximately $300 million to sales. The company anticipates adjusted EBITDA for the year to be between $970 million and $1.07 billion, with an expected adjusted EBITDA margin of 19.4%. Despite a 5% decline in total sales to $1.3 billion in the second quarter, largely due to a 7.8% decrease in volume, TopBuild achieved a sequential improvement in adjusted EBITDA margin to 20.1%. The decline in sales was attributed to weakness in the residential new construction market, although this was partially offset by growth in heavy commercial and industrial sectors. The company has also emphasized its robust pipeline of acquisition candidates, with M&A remaining a top priority for capital deployment, and highlighted the potential for cross-selling opportunities following the Progressive Roofing acquisition.

Acquisition of Progressive Roofing

TopBuild completed the acquisition of Progressive Roofing, expanding into the $75 billion commercial roofing services market. This acquisition is expected to contribute approximately $215 million in incremental sales with around 20% EBITDA margin.

Strong Commercial and Industrial Growth

Despite residential market softness, the company saw continued strength in heavy commercial and industrial segments, with heavy commercial projects growing in high single digits to almost double digits year-to-date.

Improved EBITDA Margin

Second quarter adjusted EBITDA margin improved to 20.1%, up 110 basis points from the first quarter, driven by cost actions and supply chain improvements.

Robust Cash Flow and Share Buybacks

Year-to-date free cash flow increased by approximately 38% to $321.4 million, and the company repurchased shares totaling $351.6 million.

TopBuild (BLD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BLD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	5.35 / -	5.68	―	―	―
Aug 05, 2025	2025 (Q2)	5.09 / 5.31	5.42	-2.03% (-0.11)
May 06, 2025	2025 (Q1)	4.42 / 4.63	4.81	-3.74% (-0.18)
Feb 25, 2025	2024 (Q4)	5.05 / 5.13	4.69	9.38% (+0.44)
Nov 05, 2024	2024 (Q3)	5.58 / 5.68	5.43	4.60% (+0.25)
Aug 06, 2024	2024 (Q2)	5.71 / 5.42	5.25	3.24% (+0.17)
May 07, 2024	2024 (Q1)	4.58 / 4.81	4.36	10.32% (+0.45)
Feb 28, 2024	2023 (Q4)	4.67 / 4.69	4.4	6.59% (+0.29)
Oct 31, 2023	2023 (Q3)	4.57 / 5.43	4.8	13.12% (+0.63)
Aug 03, 2023	2023 (Q2)	4.34 / 5.25	4.43	18.51% (+0.82)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BLD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$387.19	$408.08	+5.40%
May 06, 2025	$292.00	$285.15	-2.35%
Feb 25, 2025	$302.04	$310.34	+2.75%
Nov 05, 2024	$362.13	$377.71	+4.30%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does TopBuild Corp (BLD) report earnings?

TopBuild Corp (BLD) is schdueled to report earning on Nov 04, 2025, Before Open (Confirmed).

What is TopBuild Corp (BLD) earnings time?

TopBuild Corp (BLD) earnings time is at Nov 04, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BLD EPS forecast?

BLD EPS forecast for the fiscal quarter 2025 (Q3) is 5.35.

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