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In this video, Motley Fool analysts Tyler Crowe and Jason Hall evaluate TopBuild (BLD -1.75%), a standout in the construction industry. They discuss its unique business model, management quality, and financial health, providing insights for potential investors.
BLD's fourth-quarter 2024 results reflect solid contributions from the Specialty Distribution segment. Read more to learn more about the quarter's results.
TopBuild Corp.'s Q4 financials still showed quite weak organic sales but strong operating expense management, and results came in line with previously outlined expectations. The 2025 guidance is weaker than expected as the residential housing market's outlook remains pressured by high mortgage rates and consumer weakness. Longer-term industry dynamics should still aid TopBuild, but the timing of a recovery remains uncertain.
TopBuild's Q4 2024 results showed solid revenue growth, driven by the Specialty Distribution segment, with earnings per share exceeding analyst expectations. Despite a 16% stock rise since July 2023, TopBuild underperformed the broader market, leading me to maintain a 'hold' rating. Management's 2025 guidance is lackluster, with anticipated revenue declines and uncertain demand, justifying a cautious investment approach.
TopBuild Corp. (BLD) Q4 2024 Earnings Call Transcript
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Although the revenue and EPS for TopBuild (BLD) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
TopBuild (BLD) came out with quarterly earnings of $5.13 per share, beating the Zacks Consensus Estimate of $5.08 per share. This compares to earnings of $4.69 per share a year ago.
Fourth Quarter Highlights Fourth quarter sales grew 2.0% to $1.31 billion, driven by 6.6% improvement in Specialty Distribution Delivered gross margin of 29.9% and adjusted EBITDA margin of 19.7%
Evaluate the expected performance of TopBuild (BLD) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.