Loading...
•
Mar 31, 2025
TopBuild Q1 2025 Earnings Report
TopBuild reported a decline in revenue and net income for Q1 2025, with Specialty Distribution partially offsetting weaker Installation segment performance.
Key Takeaways
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.
Revenue fell 3.6% to $1.23 billion due to weaker Installation segment performance.
Net income decreased to $123.4 million, with adjusted EPS at $4.63.
Specialty Distribution sales rose 2.6%, driven by strength in commercial and industrial markets.
Adjusted EBITDA margin remained robust at 19.0%, signaling resilient profitability.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
TopBuild reaffirmed its FY2025 outlook, projecting sales between $5.05 billion and $5.35 billion, and adjusted EBITDA between $925 million and $1.075 billion, excluding impacts from pending M&A.
Positive Outlook
- Full-year guidance reaffirmed despite Q1 revenue decline
- Adjusted EBITDA forecast remains strong at up to $1.075 billion
- Continued optimism in housing demand fundamentals
- Positive momentum in commercial and industrial segments
- Targeted investments in operations and efficiency improvements
Challenges Ahead
- No inclusion of future acquisitions in guidance
- Q1 Installation segment declined by 6.7%
- Weaker demand in residential construction
- Gross margin compression compared to prior year
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...