Overview

* TopBuild ( BLD ) Q2 sales of $1.3 bln meets analyst expectations, per LSEG data

* Adjusted EPS of $5.31 beat estimates, indicating better profitability, per LSEG data

* Co completed Progressive Roofing acquisition, enhancing growth in roofing services

Outlook

* TopBuild ( BLD ) projects 2025 sales between $5.150 bln and $5.350 bln

* Company expects 2025 adjusted EBITDA of $970 mln to $1,070 mln

* TopBuild ( BLD ) sees Progressive Roofing offsetting residential market weakness

* Company notes economic uncertainty impacting residential housing demand in near term

Result Drivers

* INSTALLATION DECLINE - Sales in the Installation segment decreased by 8.3%, impacting overall revenue

* SPECIALTY DISTRIBUTION GROWTH - Specialty Distribution segment saw a 1.1% increase, partially offsetting declines

* PROGRESSIVE ROOFING ACQUISITION - Acquisition expected to drive growth in commercial roofing sector

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $1.30 $1.30

bln bln (12

Analysts

)

Q2 Beat $5.31 $5.09

Adjusted (12

EPS Analysts

)

Q2 20.1%

Adjusted

EBITDA

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "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 $395.00, about 2% above its August 4 closing price of $387.19

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

(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.)