earnings
confidence high
sentiment positive
materiality 0.80
TopBuild Q2 sales up 52.7% to $1.3B; net income up 59% to $143.7M
TopBuild Corp
2022-Q2 EPS reported
$7.87
revenue$2,443,203,000
- Diluted EPS of $4.41 (62.1% YoY); adjusted EPS of $4.43 (60.5% YoY).
- Same branch sales grew 20.7%; adjusted EBITDA margin expanded 100 bps to 19.0%.
- DI integration ahead of schedule; $35-40M synergies forecasted when deal announced.
- New $200M share repurchase program authorized; acquired Assured Insulating (~$15.7M annual revenue).
- FY2022 guidance: sales $4.8-4.9B, adjusted EBITDA $860-900M.