Loading...
•
Jun 30, 2022
TopBuild Q2 2022 Earnings Report
TopBuild's Q2 2022 earnings were released, demonstrating substantial growth and strategic advancements.
Key Takeaways
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%.
Sales increased 52.7% to $1.3 billion.
Same branch revenue increased 20.7%.
Net income increased 59.0% to $143.7 million, and 57.5% on an adjusted basis.
Adjusted EBITDA margin expanded 100 basis points to 19.0%.
TopBuild
TopBuild
Forward Guidance
TopBuild anticipates steady demand across residential, commercial, and industrial end-markets for the second half of 2022. The company's focus will remain on integrating DI, allocating capital strategically, and enhancing operational efficiency to leverage fixed costs.
Positive Outlook
- Demand for services is expected to remain steady in residential, commercial, and industrial end-markets.
- Focus on successful integration of DI.
- Strategic allocation of capital.
- Ongoing initiatives to enhance operational efficiency.
- Drive productivity and leverage fixed costs.