Overview

* TopBuild ( BLD ) Q3 sales rise 1.4% to $1.4 bln, beating analyst expectations

* Adjusted EPS for Q3 beats consensus at $5.36

* Company raises 2025 sales outlook to $5.35-$5.45 bln, including recent acquisitions

Outlook

* TopBuild ( BLD ) raises 2025 sales outlook to $5.35 bln-$5.45 bln

* Company expects 2025 adjusted EBITDA between $1.01 bln and $1.06 bln

* TopBuild ( BLD ) sees strong commercial and industrial demand despite weak residential construction

Result Drivers

* ACQUISITIONS - Recent acquisitions, including Progressive Roofing and SPI, contributed significantly to sales growth and expansion into commercial roofing

* PRODUCTIVITY AND OPERATIONAL EXCELLENCE - Efforts to drive productivity and operational excellence supported profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $1.40 $1.37

bln bln (11

Analysts

)

Q3 Beat $5.36 $5.35

Adjusted (12

EPS Analysts

)

Q3 Gross 30.10%

Margin

Q3 19.80%

Adjusted

EBITDA

Margin

Q3 15.40%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the construction & engineering peer group is "buy"

* Wall Street's median 12-month price target for TopBuild Corp ( BLD ) is $480.00, about 12% above its November 3 closing price of $422.50

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)