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Dec 31, 2020
TopBuild Q4 2020 Earnings Report
TopBuild's Q4 2020 earnings were reported, demonstrating strong financial performance.
Key Takeaways
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.
Net sales increased 8.9% due to increased volume and acquisitions.
Gross margin expanded 150 basis points to 27.4%.
Operating margin was 14.3%, with adjusted operating margin improving 280 basis points to 14.4%.
Net income was $70.8 million, or $2.13 per diluted share.
TopBuild
TopBuild
Forward Guidance
TopBuild provided 2021 sales and adjusted EBITDA guidance, expecting sales between $3.05 billion and $3.15 billion and adjusted EBITDA between $505 million and $535 million.