DAYTONA BEACH, Fla., April 08, 2025 (GLOBE NEWSWIRE) -- ����vlog����. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, will release its first quarter 2025 results prior to 7:00 a.m. on Tuesday, May 6. The Company will host a conference call at 9:00 a.m. Eastern time that same day to review its financial results.

To participate in the live call, dial 1-877-407-9037 or internationally 1-201-493-6738 approximately ten minutes before the scheduled call time.

A live, listen-only webcast can be accessed at or through the Company’s website at .

About TopBuild

����vlog����., headquartered in Daytona Beach, Florida, is a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada. We provide insulation installation services nationwide through our Installation segment which has approximately 250 branches located across the United States. We distribute building and mechanical insulation, insulation accessories and other building product materials for the residential, commercial, and industrial end markets through our Specialty Distribution business. Our Specialty Distribution network encompasses approximately 190 branches across the United States and Canada. To learn more about TopBuild please visit our website at��.

This press release was published by a CLEAR® Verified individual.

����vlog���� and Media Contact
PI Aquino
pi.aquino@topbuild.com
386-763-8801

Robert Buck, President and CEO of TopBuild, said, “We are excited to have the Seal-Rite team join us as we strengthen our installation presence in Nebraska. Seal-Rite has a proven track record and a strong reputation in the area, and we look forward to continuing to drive growth and profitability across the business.”

Gil Bittner, Owner and President of Seal-Rite, continued, “We are looking forward to becoming part of the TopBuild family and continuing our focus on providing a superior experience and tremendous value for our customers.”

About TopBuild
����vlog����., headquartered in Daytona Beach, Florida, is a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada. We provide insulation installation services nationwide through our Installation segment which has approximately 250 branches located across the United States. We distribute building and mechanical insulation, insulation accessories and other building product materials for the residential, commercial, and industrial end markets through our Specialty Distribution business. Our Specialty Distribution network encompasses approximately 190 branches across the United States and Canada. To learn more about TopBuild please visit our website at .

About Seal-Rite
Based in Omaha, Neb. Seal-Rite is family owned and has been providing insulation solutions for homes in the Omaha and Lincoln areas for over 25 years. Seal-Rite has a proven record as an insulation contractor, using only the highest quality products to combat rising energy costs. Our goal is to provide both a superior experience and tremendous value for our customers.

Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may address, among other things, our expected financial and operational results and the related assumptions underlying our expected results. These forward-looking statements are distinguished by use of words such as “will,” “would,” “anticipate,” “expect,” “believe,” “designed,” “plan,” or “intend,” the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements. Our forward-looking statements contained herein speak only as of the date of this press release. Factors or events that we cannot predict, including those described in the risk factors contained in our filings with the Securities and Exchange Commission, may cause our actual results to differ from those expressed in forward-looking statements. Although TopBuild believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be achieved and it undertakes no obligation to update any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.

This press release was published by a CLEAR® Verified individual.

����vlog���� and Media Contact
PI Aquino
pi.aquino@topbuild.com
386-763-8801

Full Year Highlights
Achieved record 2024 results: sales of $5.3 billion and adjusted EBITDA of $1.07 billion
Completed 8 acquisitions totaling $153.1 million in annual sales
Returned $966.4 million in capital to stockholders through the repurchase of ~2.5 million shares

2025 Outlook
Anticipates full year 2025 sales between $5.05 to $5.35 billion and��adjusted EBITDA in the range of $925 million to $1.075 billion
Acquisitions continue to be top priority for deploying capital

DAYTONA BEACH, Fla., Feb. 25, 2025 (GLOBE NEWSWIRE) -- ����vlog����. (NYSE:BLD) a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada today reported results for the fourth quarter and year ended December 31, 2024.

“Our performance in 2024 was driven by consistent execution within our unique operating model and the entire TopBuild team’s relentless pursuit of operational excellence and focus on driving improvements across the business.

“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. Low housing inventory, population growth and demographic shifts, as well as ongoing initiatives to reduce energy consumption, decrease utility costs, and manage emissions are tailwinds for our business.

“We have a very robust pipeline of M&A opportunities and acquisitions continue to be the highest priority for our free cash flow. In 2024 we remained disciplined around capital allocation, completing eight acquisitions which total $153.1 million in annual sales. We also returned $966.4 million in capital to shareholders through our share repurchase program, demonstrating our continued confidence in our outlook and ability to successfully deploy capital to generate excellent returns,” concluded Mr. Buck.

Financial Highlights
(comparisons are to the periods ended December 31, 2023)

Sales Drivers
(comparisons are to the periods ended December 31, 2023)

Segment Profitability����������������
(comparisons are to the periods ended December 31, 2023)

Capital Allocation
2024 Acquisitions

Share Repurchases
During the fourth quarter, TopBuild repurchased 134,872 shares totaling $47.2 million. For the full year, the Company repurchased 2.5 million shares for a total of $966.4 million.

New Share Repurchase Authorization
TopBuild announced today that its Board of Directors authorized the repurchase of up to $1.0 billion of the Company’s outstanding common stock. The new authorization is in addition to the $188.1 million remaining from the prior authorization (as of December 31, 2024), bringing total availability for share repurchases to $1.2 billion. The authorization reflects the continued confidence of management and the Board in TopBuild’s long-term strategy and demonstrates the Company’s commitment to returning capital to shareholders.

2025 Outlook¹
TopBuild provided its full year outlook which assumes ongoing choppiness in the residential new construction market throughout 2025. The Company noted that its 2025 guidance does not contemplate transactions that it expects to complete during the year.

¹ This outlook reflects management’s current view of present and future market conditions and is based on assumptions such as housing starts, general and administrative expenses, and interest rates. These targets do not include any effects related to potential acquisitions or divestitures that may occur after the date of this press release. A reconciliation of non-GAAP targets to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, the costs and expenses that may be incurred in the future and therefore cannot be reasonably predicted. The effect of these excluded items may be significant. Factors that could cause actual long-term results to differ materially from TopBuild’s current expectations are discussed below and are also detailed in the Company’s most recent Annual Report on Form 10-K and subsequent SEC reports.

Conference Call

A conference call to discuss the fourth quarter 2024 financial results is scheduled for today, Tuesday, February 25, at 9:00 a.m. Eastern Time. The call may be accessed by dialing (877) 407-9037. A simultaneous webcast of the call, along with management’s formal remarks and a presentation, will be available on the Company’s website at shortly before the call begins.

About TopBuild

����vlog����., headquartered in Daytona Beach, Florida, is a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada. We provide insulation installation services nationwide through our Installation segment which has approximately 250 branches located across the United States. We distribute building and mechanical insulation, insulation accessories and other building product materials for the residential, commercial, and industrial end markets through our Specialty Distribution business. Our Specialty Distribution network encompasses approximately 190 branches across the United States and Canada. To learn more about TopBuild please visit our website at .

Use of Non-GAAP Financial Measures

Adjusted EBITDA, incremental EBITDA margin, adjusted EBITDA margin, the “adjusted” financial measures presented above, and figures presented on a “same branch basis” are not calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). The Company believes that these non-GAAP financial measures, which are used in managing the business, may provide users of this financial information with additional meaningful comparisons between current results and results in prior periods. We define same branch sales as sales from branches in operation for at least 12 full calendar months. Such non-GAAP financial measures are reconciled to their closest GAAP financial measures in tables contained in this press release. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the Company’s reported results under GAAP. Additional information may be found in the Company’s filings with the Securities and Exchange Commission which are available on TopBuild’s website under “SEC Filings” at .

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act.�� These forward-looking statements may address, among other things, our expected financial and operational results, the related assumptions underlying our expected results, and our plan to repurchase our common stock under stock repurchase transactions. These forward-looking statements can be identified by words such as “will,” “would,” “anticipate,” “expect,” “believe,” “designed,” “plan,” “may,” “project,” “estimate” or “intend,” the negative of these terms, and similar references to future periods.�� These views involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements.�� Our forward-looking statements contained herein speak only as of the date of this press release.�� Factors or events that we cannot predict, including those described in the risk factors contained in our filings with the Securities and Exchange Commission, may cause our actual results to differ from those expressed in forward-looking statements.�� Although TopBuild believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be achieved and it undertakes no obligation to update any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.

����vlog���� and Media Contact

PI Aquino����������������
pi.aquino@topbuild.com
386-763-8801

(tables follow)

This press release was published by a CLEAR® Verified individual.

DAYTONA BEACH, Fla., Jan. 27, 2025 (GLOBE NEWSWIRE) -- ����vlog����. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, will release its fourth quarter and year end 2024 results prior to 7:00 a.m. on Tuesday, February 25. The Company will host a conference call at 9:00 a.m. Eastern time that same day to review its financial results.

To participate in the live call, dial 1-877-407-9037 or internationally 1-201-493-6738 approximately ten minutes before the scheduled call time.

A live, listen-only webcast can be accessed at or through the Company’s website at .

About TopBuild

����vlog����., headquartered in Daytona Beach, Florida, is a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada. We provide insulation installation services nationwide through our Installation segment which has approximately 240 branches located across the United States. We distribute building and mechanical insulation, insulation accessories and other building product materials for the residential, commercial, and industrial end markets through our Specialty Distribution business. Our Specialty Distribution network encompasses approximately 170 branches. To learn more about TopBuild please visit our website at .

This press release was published by a CLEAR® Verified individual.

����vlog���� and Media Contact
PI Aquino
pi.aquino@topbuild.com
386-763-8801

DAYTONA BEACH, Fla., Nov. 20, 2024 (GLOBE NEWSWIRE) -- ����vlog����. (NYSE:BLD), a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada, has entered into an agreement to acquire Metro Supply Company, a leading commercial and industrial mechanical insulation distributor with approximately $35 million in annual revenue. Metro Supply Company operates two branches and serves the New York/New Jersey and Baltimore/Washington metropolitan areas. The transaction is expected to close in the fourth quarter.

Robert Buck, President and CEO of TopBuild, said, “We are pleased to further extend our ability to serve commercial and industrial customers through the acquisition of Metro Supply. Like TopBuild, Metro Supply differentiates itself by offering customers the highest quality products and exceptional service. As we continue to evaluate acquisition opportunities, we remain focused and disciplined around our core competencies, driving future growth opportunities and increasing shareholder returns.”

“We believe our mechanical insulation distribution business can strengthen TopBuild’s Specialty Distribution offerings,” said Charlie Lisa Jr., President of Metro Supply Company. “The acquisition represents an opportunity for us to continue growing our mechanical and acoustical insulation portfolio, while staying committed to our local operations and outstanding service for customers.”

About TopBuild
����vlog����., headquartered in Daytona Beach, Florida, is a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada. We provide insulation installation services nationwide through our Installation segment which has approximately 240 branches located across the United States. We distribute building and mechanical insulation, insulation accessories and other building product materials for the residential, commercial, and industrial end markets through our Specialty Distribution business. Our Specialty Distribution network encompasses approximately 170 branches. To learn more about TopBuild please visit our website at .

About Metro Supply Company
Metro Supply Company is a leading commercial / industrial mechanical insulation distributor in the New York/New Jersey and Baltimore/Washington metropolitan areas. Metro Supply prides itself on having exceptional customer service and providing the highest quality products produced by only the top manufacturers.

Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may address, among other things, our expected financial and operational results and the related assumptions underlying our expected results. These forward-looking statements are distinguished by use of words such as “will,” “would,” “anticipate,” “expect,” “believe,” “designed,” “plan,” or “intend,” the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially from the results discussed in our forward-looking statements.����Our forward-looking statements contained herein speak only as of the date of this press release.�� Factors or events that we cannot predict, including those described in the risk factors contained in our filings with the Securities and Exchange Commission, may cause our actual results to differ from those expressed in forward-looking statements. Although TopBuild believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be achieved and it undertakes no obligation to update any forward-looking statements as a result of new information, future events, or otherwise, except as required by applicable law.

This press release was published by a CLEAR® Verified individual.

����vlog���� and Media Contact
PI Aquino
pi.aquino@topbuild.com
386-763-8801

Delivered gross margin of 30.7% and adjusted EBITDA margin of 20.8%

Narrows 2024 guidance to $5.3 to $5.35 billion in revenue and $1.055 to $1.085 billion in adjusted EBITDA

DAYTONA BEACH, Fla., Nov. 05, 2024 (GLOBE NEWSWIRE) -- ����vlog����. (NYSE:BLD) a leading installer and specialty distributor of insulation and building material products to the construction industry in the United States and Canada today reported results for the third quarter ended September 30, 2024.

“We delivered a strong performance with third quarter sales of $1.37 billion and adjusted EBITDA of $285 million, achieving the highest level of quarterly sales and profit in our history,” said Robert Buck, President and Chief Executive Officer. “Our ongoing focus on growth and profitability enabled us to drive Installation sales growth of 4.2% and Specialty Distribution sales growth of 5.1% in a macro environment that was largely unchanged from the second quarter. Adjusted EBITDA margin of 20.8% improved by 50 basis points excluding the benefit from higher-than-normal multi-family and commercial margins in the third quarter of 2023.¹

“We are narrowing our 2024 outlook based on our assumptions for a continued uneven housing environment and the ongoing delay of certain commercial/industrial projects. We remain optimistic about our business with strengthening requirements for energy efficiency, the U.S. housing supply deficit, increasing household formations, and the prospect of lower interest rates driving growth.

“Our priority for our strong free cash flow continues to be acquisitions and our M&A pipeline is very healthy. In the quarter we also returned capital to shareholders, with share repurchases totaling $413.9 million or approximately 1.07 million shares, reinforcing our confidence in our outlook and ability to deploy capital successfully and generate strong returns,” concluded Mr. Buck.

¹ The Company noted that its results for the third quarter of 2023 included an estimated $15 million margin benefit related to certain multi-family/commercial business.

Financial Highlights
(comparisons are to the periods ended September 30, 2023)