Business
TopBuild Reports First Quarter 2025 Results; Confirms Full Year Outlook
First quarter sales declined 3.6% to $1.23 billion Installation sales declined 6.7%, offset in part by Specialty Distribution growth of 2.6% Delivered adjusted gross margin of 29.6% and adjusted EBITDA margin of 19.0% DAYTONA BEACH, Fla., May 06, 2025 (GLOBE NEWSWIRE) -- TopBuild Corp. (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 first quarter ended
About this update from Topbuild Corp.
[{"type":"image","alt":"TopBuild Corp.","displaySize":"","headline":null,"caption":"TopBuild Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":270,"height":50,"url":"https://media.zenfs.com/en/globenewswire.com/6df0d8be281d2394c6ef0632e277641b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/qfZWu7VyM07O5WDmIMzzHA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTc4O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/6df0d8be281d2394c6ef0632e277641b","width":270,"height":50}},"lazy":false},{"type":"text","content":"First quarter sales declined 3.6% to $1.23 billion","length":50,"tagName":"p"},{"type":"text","content":"Installation sales declined 6.7%, offset in part by Specialty Distribution growth of 2.6%","length":89,"tagName":"p"},{"type":"text","content":"Delivered adjusted gross margin of 29.6% and adjusted EBITDA margin of 19.0%","length":76,"tagName":"p"},{"type":"text","content":"DAYTONA BEACH, Fla., May 06, 2025 (GLOBE NEWSWIRE) -- TopBuild Corp. (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 first quarter ended March 31, 2025.","length":298,"tagName":"p"},{"type":"text","content":"“Our first quarter results were in line with our expectations,” said Robert Buck, President and CEO of TopBuild. “While total sales declined 3.6%, we are encouraged by Specialty Distribution growth of 2.6% as commercial and industrial projects have moved forward and our bidding activity and backlog are solid. Installation segment sales declined 6.7%, a reflection of the slow start to the year in new residential construction. Our profitability continues to be healthy, as we delivered first quarter adjusted EBITDA margin of 19.0%.","length":534,"tagName":"p"},{"type":"text","content":"“While there is uncertainty in the near-term economic environment, we are confident in our ability to adapt our business and outperform in a changing environment. We are taking steps to align our cost structure with the current demand landscape, while we continue to make targeted investments across our business, drive operational improvements and work together to turn challenges into opportunities. We are optimistic around the mid-term and long-term fundamentals for TopBuild, as underlying demand for housing in the Un...