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Dec 31, 2022
TopBuild Q4 2022 Earnings Report
TopBuild's Q4 2022 financial results were reported, showcasing significant growth.
Key Takeaways
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%.
Sales increased by 18.9% to $1.3 billion, with same branch revenue increasing 14.2%.
Net income increased by 83.6% to $143.8 million, or $4.52 per diluted share.
Adjusted EBITDA margin expanded by 170 basis points to 18.8%.
The company acquired five residential insulation installation companies in 2022, expected to generate over $17 million in annual revenue.
TopBuild
TopBuild
Forward Guidance
TopBuild provided 2023 sales and adjusted EBITDA guidance, expecting sales between $4.7 billion and $4.9 billion and adjusted EBITDA between $820 million and $910 million.