TopBuild Earnings Reports

TopBuild delivered $1.39 billion in revenue and maintained strong margins despite headwinds in residential construction, with growth driven by acquisitions and commercial demand.

TopBuild delivered second quarter sales of $1.3 billion, a 5.0% decline year-over-year, primarily due to an 8.3% decrease in Installation, partially offset by 1.1% growth in Specialty Distribution. Despite the sales decline, the company maintained a healthy adjusted EBITDA margin of 20.1% and reported increased operating profit and net income compared to the prior year.

TopBuild's Q1 2025 revenue declined by 3.6% year-over-year to $1.23 billion. Net income decreased to $123.4 million, while adjusted EBITDA margin remained strong at 19.0%. Specialty Distribution sales grew slightly, offsetting part of the Installation segment's decline. The company reaffirmed its full-year outlook.

TopBuild Corp. posted Q4 2024 revenue of $1.31 billion, marking a 2.0% year-over-year increase, driven by a 6.6% rise in Specialty Distribution sales. Operating income grew to $217.45 million, while net income reached $150.54 million. Adjusted EBITDA margin improved slightly to 19.7%.

TopBuild Corp. reported a strong performance for the third quarter of 2024, with sales reaching $1.37 billion and adjusted EBITDA of $285 million, representing the highest quarterly sales and profit in the company's history. The company is narrowing its 2024 outlook based on assumptions for a continued uneven housing environment and the ongoing delay of certain commercial/industrial projects.

TopBuild reported solid second-quarter results with sales growth of 3.7% to $1.37 billion. Adjusted EBITDA reached $277.7 million, with an adjusted EBITDA margin of 20.3%. Both segments contributed to sales growth, although volume was impacted by higher interest rates and project delays.

TopBuild reported a 1.1% increase in sales, reaching $1.3 billion in the first quarter. The company's gross margin and adjusted EBITDA margin both expanded by 100 basis points, showcasing improved profitability. TopBuild also announced a $1 billion share repurchase authorization, signaling confidence in its long-term strategy.

TopBuild reported a 1.7% increase in sales to $1.3 billion and an adjusted EBITDA margin expansion of 80 basis points to 19.6% for the fourth quarter of 2023.

TopBuild reported a 1.9% increase in net sales and a 17.9% operating margin. The company is particularly pleased with the performance of its non-residential business, with both Installation and Specialty Distribution segments reporting mid-single digit volume growth related to the commercial and industrial end markets.

TopBuild reported strong Q2 2023 results with sales increasing by 3.4% to $1.3 billion and adjusted EBITDA margin expanding by 190 basis points to 20.9%. The company continues to benefit from a favorable operating environment and focus on driving improvements at both business segments, Installation and Specialty Distribution.

TopBuild reported an 8.2% increase in sales, reaching $1.3 billion, and an expansion of gross margin by 100 basis points to 29.3%. The adjusted EBITDA margin also expanded by 150 basis points to 18.8%.

TopBuild reported strong Q4 2022 results with an 18.9% increase in sales to $1.3 billion and an 83.6% increase in net income to $143.8 million. The adjusted EBITDA margin expanded by 170 basis points to 18.8%.

TopBuild reported a strong third quarter in 2022, with a 53.8% increase in net sales and a 130 basis point expansion in operating margin. The company's growth was driven by strong performance in residential, commercial, and industrial end-markets, as well as operational efficiencies.

TopBuild reported a strong second quarter in 2022, with sales increasing by 52.7% to $1.3 billion and net income rising by 59.0% to $143.7 million. The company's adjusted EBITDA margin expanded by 100 basis points to 19.0%.

TopBuild's first quarter 2022 results showed significant growth, with sales increasing by 57.4% to $1.2 billion. The company's focus on managing price, improving operational efficiency, and leveraging fixed costs drove solid conversion of top-line growth to the bottom line. Adjusted EBITDA margin expanded by 310 basis points to 18.7%.

TopBuild reported a robust 47.4% increase in sales to $1.1 billion for Q4 2021, with net income rising by 10.7% to $78.4 million. Adjusted EBITDA margin expanded by 30 basis points to 17.1%. The integration of DI is progressing faster than expected, increasing confidence in achieving synergy targets.

TopBuild reported a strong third quarter in 2021, with a 21.3% increase in net sales to $845.8 million. The company experienced gross margin expansion to 29.6% and an adjusted EBITDA margin improvement to 18.7%. Net income was $95.4 million, or $2.88 per diluted share, compared to $70.0 million, or $2.11 per diluted share in the prior year.

TopBuild reported a strong second quarter with a 29.1% increase in net sales and expanded operating margins. The company successfully managed pricing amidst material cost increases and maintained productivity in a constrained market.

TopBuild reported a solid first quarter in 2021, with net sales increasing by 13.7% to $742.8 million. The company's operating margin was 12.9%, and adjusted net income reached $67.1 million, or $2.02 per diluted share. The results reflect strong growth in both residential and commercial businesses.

TopBuild reported strong fourth-quarter results with net sales increasing by 8.9% to $721.5 million and operating margin expanding to 14.3%. Adjusted net income was $71.3 million, or $2.15 per diluted share. The company's performance was driven by increased volume and sales from acquisitions.

TopBuild reported a 2.2% increase in net sales to $697.2 million, driven by increased volume and sales from acquisitions. The company's gross margin increased by 210 basis points to 28.4%, and operating margin was 14.6%, up 280 basis points. Net income was $70.0 million, or $2.11 per diluted share, while adjusted EBITDA was $119.2 million, a 21.6% increase, with adjusted EBITDA margin improving 270 basis points to 17.1%.

TopBuild reported a 2.1% decrease in net sales to $646.1 million due to COVID-19 impacts, but achieved a 110 bps gross margin expansion and a 12.5% operating margin. Adjusted EBITDA margin increased by 250 bps to 16.7%. Net income was $55.5 million, or $1.67 per diluted share, while adjusted income was $55.7 million, or $1.68 per diluted share.

TopBuild reported a 5.5% increase in net sales, reaching $653.2 million, driven by higher sales volume and increased selling prices. The company's operating margin was 10.7%, and adjusted EBITDA margin improved to 13.5%. Net income increased to $50.8 million, or $1.51 per diluted share.

TopBuild reported a 3.6% increase in net sales to $662.3 million for Q4 2019. The gross margin expanded by 120 basis points to 25.9%. Operating margin was 11.5%, with an adjusted operating margin of 11.6%. Net income was $46.0 million, or $1.36 per diluted share, while adjusted net income was $50.0 million, or $1.48 per diluted share.