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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.
For detailed information about BLD stock, go to TipRanks’ Stock Analysis page.
