earnings
confidence high
sentiment neutral
materiality 0.75
TopBuild Q4 sales up 2% to $1.31B; FY2024 adj EBITDA $1.07B; guides 2025 sales $5.05-5.35B, new $1B buyback
TopBuild Corp
2024-FY EPS reported
$20.29
revenue$5,329,803,000
- Q4 GAAP EPS $5.11 vs $4.60 YoY; adjusted EPS $5.13 vs $4.69; sales $1.31B (+2.0%).
- Full year 2024 sales $5.33B (+2.6%); adjusted EBITDA $1.07B (20.2% margin); record results.
- 2025 outlook: sales $5.05-5.35B, adj EBITDA $925M-1.075B; expects residential mid-single digit decline.
- Board authorized new $1B share repurchase; total availability $1.2B including remaining prior authorization.
- Completed 8 acquisitions in 2024 adding $153.1M annual sales; repurchased 2.5M shares for $966.4M in 2024.