From GlobeNewswire: 2025-05-06 06:45:00

TopBuild Corp reported a 3.6% decline in first quarter sales to $1.23 billion, with Installation sales down 6.7% and Specialty Distribution up 2.6%. The company delivered an adjusted gross margin of 29.6% and an adjusted EBITDA margin of 19.0%. Acquisitions remain a priority, with $215.6 million returned to shareholders through share repurchases.

President and CEO Robert Buck expressed confidence in TopBuild’s ability to adapt to changing economic environments. Despite a decline in total sales, Specialty Distribution saw growth of 2.6%. The company is optimistic about long-term housing demand in the US and positive trends in commercial and industrial markets. Adjusted EBITDA margin for the quarter was 19.0%.

In the first quarter, TopBuild completed the acquisition of Seal-Rite Insulation, generating $15 million in revenue annually. The company repurchased 693,881 shares totaling $215.6 million. The full year outlook for 2025 remains consistent, with sales projected between $5,050 million and $5,350 million and adjusted EBITDA between $925 million and $1,075 million.

Financial highlights for the quarter include a 3.6% decline in sales, with gross margin at 28.5% and adjusted EBITDA margin at 19.0%. Installation segment sales were down 6.7%, while Specialty Distribution sales grew by 2.6%. Operating profit was $177.5 million, with net income per diluted share at $4.23.

TopBuild Corp, a leading installer and distributor of insulation products, reported a 3.6% decrease in first quarter sales to $1.23 billion. Despite challenges in new residential construction, the company remains profitable with an adjusted EBITDA margin of 19.0%. Acquisitions and shareholder returns remain key focus areas for the company.



Read more at GlobeNewswire:: TopBuild Reports First Quarter 2025 Results; Confirms Full