Free Post Earnings Research Report: TopBuild’s Diluted EPS Surged 35.38%; Beat Estimates

LONDON, UK / ACCESSWIRE / December 21, 2017 / Active-Investors.com has just released a free earnings report on TopBuild Corp. (NYSE: BLD). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BLD . TopBuild posted its third quarter fiscal 2017 (Q3 FY17) results on November 07, 2017. The leading installer and distributor of insulation product’s revenues grew 7.93%. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, TopBuild most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=BLD

Earnings Highlights and Summary

During Q3 FY17, TopBuild’s revenues reflected growth of 7.93% to $489.04 million compared to $453.10 million in Q3 FY16. The Company’s revenue numbers fell short of analysts’ estimates of $491.43 million.

The Company had a gross profit of $120.84 million in Q3 FY17 compared to $108.14 million in Q3 FY16, increasing by 11.74% on a y-o-y basis. The Company’s gross margins expanded 80 basis points to 24.70% in the reported quarter.

TopBuild had an operating profit of $49.56 million in Q3 FY17 compared to $39.10 million in Q3 FY16, reflecting growth of 26.75%. The Company’s operating margin was 10.10% and the adjusted operating margin was 10.30% in the reported quarter. TopBuild’s adjusted EBITDA grew 28.90% to $57.60 million in the reported quarter compared to $44.60 million in Q3 FY16. The Company’s incremental EBITDA margin was 74.20% in Q3 FY17.

TopBuild’s net income advanced 27.79% to $31.39 million in Q3 FY17 compared to $24.57 million in Q3 FY16. The Company’s diluted earnings (EPS) was $0.88 per share in the reported quarter compared to $0.65 per share in Q3 FY16, reflecting growth of 35.38%. The Company’s earnings, adjusted for non-recurring gains for Q3 FY17, were $0.83 per share compared to $0.63 per share in Q3 FY16, beating analysts’ estimates of $0.82 per share.

TopBuild’s Segment Details

TopBuild has two business segments, namely:(i) Installation segment and (ii) Distribution segment.

Sales for the Installation segment were $333.24 million in Q3 FY17 compared to $300.01 million in Q3 FY16, increasing by 11.08% on a y-o-y basis. This segment’s operating profit was $41.00 million in the reported quarter compared to $32.31 million in Q3 FY16, advancing 26.89%.

The Distribution segment had revenues of $181.15 million in Q3 FY17 compared to $174.12 million in Q3 FY16, reflecting growth of 4.03%. The segment’s operating profit was $18.31 million in the reported quarter compared to $15.54 million in Q3 FY16, advancing 17.82%.

Cash Matters

TopBuild reported cash and cash equivalents of $18.46 million on September 30, 2017, compared to $104.50 million on September 30, 2016. The net inflow from operating activities was $54.62 million for nine months ending September 30, 2017, compared to $27.934 for the same period ending September 30, 2016.

During Q3 FY17, the Company made a payment of $100.00 million to Bank of America, Merrill Lynch, using $30.00 million of cash on hand and borrowing $70.00 million under its revolving facility, and in exchange received 1.50 million shares with a value of approximately $80.00 million. On a year-to-date basis, TopBuild has completed six acquisitions, which are expected to generate approximately $38.00 million of incremental revenues on an accrual basis. The Company had a total liquidity of $316.40 million and capital expenditures of $13.09 million on September 30, 2017.

Outlook

For fiscal 2017, TopBuild expects revenues in the range of $1.89 billion to $1.91 billion and adjusted EBITDA in the band of $190.00 million to $195.00 million.

Stock Performance Snapshot

December 20, 2017 – At Wednesday’s closing bell, TopBuild’s stock advanced 2.84%, ending the trading session at $73.54.

Volume traded for the day: 196.08 thousand shares.

Stock performance in the last month – up 14.30%; previous three-month period – up 19.87%; past twelve-month period – up 100.38%; and year-to-date – up 106.57%

After yesterday’s close, TopBuild’s market cap was at $2.63 billion.

Price to Earnings (P/E) ratio was at 36.24.

The stock is part of the Industrial Goods sector, categorized under the General Building Materials industry. This sector was up 0.3% at the end of the session.

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