TopBuild Corp. Q4 Profit Increases, Beats Estimates

(RTTNews) - TopBuild Corp. (BLD) announced a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $150.540 million, or $5.11 per share. This compares with $146.382 million, or $4.60 per share, last year.

Excluding items, TopBuild Corp. reported adjusted earnings of $151.262 million or $5.13 per share for the period.

Analysts on average had expected the company to earn $5.05 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 2.0% to $1.312 billion from $1.286 billion last year.

TopBuild Corp. earnings at a glance (GAAP) :

-Earnings: $150.540 Mln. vs. $146.382 Mln. last year. -EPS: $5.11 vs. $4.60 last year. -Revenue: $1.312 Bln vs. $1.286 Bln last year.

Commenting on the fourth-quarter results, TopBuild, said: “Our fourth quarter results were as expected given the ongoing choppiness across the residential construction landscape. Sales improved 2.0%, driven by 6.6% growth in Specialty Distribution, while Installation was relatively flat in the quarter. We also improved adjusted EBITDA margin by 10 basis points to 19.7%. Broad macro fundamentals continue to support long-term demand growth across our end markets."

Looking ahead, for the full-year 2025, TopBuild expects adjusted EBITDA of $925 million to $1.075 billion and sales of $5.05 billion to $5.35 billion

For the Full-year 2024, the company had recorded adjusted EBITDA of $1.07 billion, on sales of $5.3 billion.