TopBuild (BLD) Company Overview

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The tough housing market creates a chance to invest in established homebuilding companies like TopBuild and Toll Brothers, which have good growth potential and strong cash reserves. TopBuild is well-prepared to take advantage of increased demand when the market improves, even though its share prices have not performed well recently. Meanwhile, Toll Brothers is benefiting from a gap between supply and demand, leading to record earnings and revenue, and its strong cash flow and low valuations suggest there is room for growth.

TopBuild (BLD) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

BLD's results for the third quarter show significant growth due to higher volumes, smart acquisitions, and an emphasis on making profits in all areas.

While the revenue and earnings per share (EPS) for TopBuild (BLD) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

In the third quarter, TopBuild Corp. reported sales of $1.37 billion, with a 4.2% increase in installation and a 5.1% rise in specialty distribution. The company achieved a gross margin of 30.7% and an adjusted EBITDA margin of 20.8%. They have updated their 2024 revenue guidance to between $5.3 and $5.35 billion, and adjusted EBITDA is expected to be between $1.055 and $1.085 billion.

TopBuild Corp (NYSE:BLD) will hold its Q3 2024 Results Conference Call on November 5, 2024, at 9:00 AM ET. The call will feature company representatives, including P.I. Aquino, Robert Buck, and Robert Kuhns, along with participants from various financial institutions. The operator will begin the call by welcoming everyone to the discussion about TopBuild's earnings.

In addition to looking at analysts' estimates for TopBuild's (BLD) revenue and earnings, it's important to assess forecasts for some of its main metrics. This will help us understand how the company may have performed in the quarter that ended in September 2024.

DAYTONA BEACH, Fla., Oct. 09, 2024 (GLOBE NEWSWIRE) -- TopBuild Corp. (NYSE:BLD), a major installer and specialized distributor of insulation and building materials for the construction sector in the U.S. and Canada, is set to announce its third quarter results before 7:00 a.m.