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Dec 31, 2019
TopBuild Q4 2019 Earnings Report
TopBuild's Q4 2019 financial performance reflected a 3.6% increase in net sales and an expansion of gross margin by 120 basis points.
Key Takeaways
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.
Net sales increased by 3.6% to $662.3 million.
Gross margin expanded by 120 basis points to 25.9%.
Operating margin was 11.5%, with adjusted operating margin improving 110 basis points to 11.6%.
Adjusted EBITDA margin expanded 110 basis points to 14.0%.
TopBuild
TopBuild
Forward Guidance
TopBuild provides 2020 Sales and Adjusted EBITDA Guidance