TopBuild Reports Third Quarter Results
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TopBuild Corp. reported third quarter sales of $1.37 billion, with growth in both Installation and Specialty Distribution. The company achieved a gross margin of 30.7% and an adjusted EBITDA margin of 20.8%. TopBuild has narrowed its 2024 guidance for revenue and adjusted EBITDA.
November 05, 2024 | 12:30 pm
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TopBuild Corp. reported strong third quarter results with $1.37 billion in sales, driven by growth in Installation and Specialty Distribution. The company achieved a gross margin of 30.7% and an adjusted EBITDA margin of 20.8%. It also narrowed its 2024 guidance for revenue and adjusted EBITDA.
The strong quarterly results and growth in key segments are positive indicators for TopBuild's financial health. The narrowing of 2024 guidance suggests confidence in future performance, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100