earnings
confidence high
sentiment neutral
materiality 0.75
TopBuild Q3 sales $1.37B record; adjusted EPS $5.68; narrows 2024 guidance
TopBuild Corp
2024-Q3 EPS reported
$15.19
revenue$4,017,597,000
- Q3 sales $1.373B (+3.6% YoY); GAAP EPS $5.65, adjusted EPS $5.68 vs $5.43 prior year.
- Adjusted EBITDA $285M (20.8% margin, -60 bps YoY); gross margin 30.7% (-100 bps YoY).
- Installation +4.2%, Specialty Distribution +5.1% sales growth; M&A contributed 2.4% to total.
- Repurchased 1.07M shares for $413.9M in Q3; YTD $919.2M, $235.2M remaining under authorization.
- Narrows 2024 outlook: revenue $5.3-$5.35B, adj. EBITDA $1.055-$1.085B. 7 acquisitions in 2024 totaling ~$118M annual revenue.