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TopBuild Corp (BLD)
NYSE:BLD
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$5.02Last Year’s EPS
$4.69Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -14.32%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
TopBuild reported strong financial performance with record sales and EBITDA, continued success in capital allocation with acquisitions, and a robust commercial pipeline. However, challenges such as the slowdown in multifamily demand, spray foam pricing pressures, and hurricane impacts have tempered the positive outlook. Despite these challenges, the company remains optimistic about its growth prospects, especially in the commercial sector.Company Guidance
During TopBuild's Q3 2024 earnings call, the company reported a record high in sales and adjusted EBITDA, with sales increasing by 3.6% to $1.37 billion and an adjusted EBITDA of $285.1 million, representing a margin of 20.8%. The installation segment saw sales grow by 4.2% to $856.4 million, while the specialty distribution sales rose by 5.1% to $600.4 million. The adjusted gross profit margin was reported at 30.7%, and adjusted SG&A expenses improved by 40 basis points to 12.8% of sales. The company repurchased 1.07 million shares for $413.9 million during the third quarter, and the adjusted earnings per diluted share increased by 4.6% year-over-year to $5.68. TopBuild narrowed its full-year 2024 guidance with expected sales between $5.3 billion and $5.35 billion and adjusted EBITDA between $1.055 billion and $1.085 billion, reflecting the ongoing choppiness in the market, particularly within the multifamily sector.Record High Sales and Adjusted EBITDA
TopBuild reached historic highs in sales and adjusted EBITDA performance in Q3, with sales increasing 3.6% to $1.37 billion and adjusted EBITDA totaling $285.1 million.
Strong Commercial and Industrial Backlog
Bidding activity remains robust in the commercial industrial sector, with no significant uptick in cancellations despite some project delays.
Successful Capital Allocation
TopBuild announced the acquisition of Shannon Global Energy Solutions, contributing to a total of seven acquisitions in 2024 with annual revenue of approximately $118 million.
Share Buyback Program
TopBuild repurchased 1.07 million shares for a total of $413.9 million in Q3, bringing the year-to-date share buyback to $919.2 million.
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BLD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BLD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $362.13 | $377.71 | +4.30% |
| Aug 06, 2024 | $425.27 | $395.01 | -7.12% |
| May 07, 2024 | $417.57 | $396.60 | -5.02% |
| Feb 28, 2024 | $413.15 | $391.53 | -5.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TopBuild Corp (BLD) report earnings?
TopBuild Corp (BLD) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is TopBuild Corp (BLD) earnings time?
TopBuild Corp (BLD) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BLD EPS forecast?
BLD EPS forecast for the fiscal quarter 2024 (Q4) is $5.02.
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