The latest announcement is out from TopBuild ( (BLD) ).
TopBuild Corp., a leading insulation and building materials distributor, reported its strongest quarterly performance with $1.37 billion in sales and an adjusted EBITDA of $285 million for Q3 2024, driven by growth in both Installation and Specialty Distribution sectors. The company narrowed its 2024 revenue guidance to between $5.3 billion and $5.35 billion, with a focus on acquisitions and shareholder returns, emphasizing its commitment to growth amid a challenging housing market. CEO Robert Buck highlighted the company’s strategic priorities, including leveraging free cash flow for acquisitions and share repurchases, while expressing optimism about future growth prospects.
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