TOPBUILD CORP Reports Second Quarter FY2023 Earnings Results on August 3 2023
August 15, 2023
🌥️Earnings Overview
TOPBUILD CORP ($NYSE:BLD) reported its earnings results for the quarter ended June 30 2023 on August 3 2023. The company saw an increase in its total revenue to USD 1317.3 million, a 3.4% rise from the same period in the previous fiscal year. Moreover, its net income rose 14.4% year-over-year to USD 164.4 million.
Market Price
The stock opened at $273.1 and closed at $285.0, representing an increase of 4.1% from the previous closing price of 273.7. This strong financial position, combined with strong sales and profitability, suggests that the company is well-positioned to continue its growth trajectory in the coming quarters. Overall, TOPBUILD CORP reported solid second quarter results for the fiscal year 2023, indicating that the company is on track to meeting its financial goals for the year. With a strong balance sheet and increasing sales and profitability, TOPBUILD is certainly worth keeping an eye on in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Topbuild Corp. More…
| Total Revenues | Net Income | Net Margin |
| 5.15k | 597.85 | 11.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Topbuild Corp. More…
| Operations | Investing | Financing |
| 663.9 | -115.58 | -144.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Topbuild Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.86k | 2.62k | 70.47 |
Key Ratios Snapshot
Some of the financial key ratios for Topbuild Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.0% | 40.2% | 16.9% |
| FCF Margin | ROE | ROA |
| 11.5% | 25.3% | 11.2% |
Analysis
At GoodWhale, we have conducted an analysis of TOPBUILD CORP‘s fundamentals and our Risk Rating puts it at a medium risk investment in both financial and business aspects. We have detected two risk warnings in TOPBUILD CORP’s balance sheet and cashflow statement, and these can be accessed by becoming a registered user on our website. Furthermore, we have also conducted industry-level analysis to gain further insights into TOPBUILD CORP’s overall performance. We are confident that our comprehensive analysis will provide valuable information to our users in making informed investment decisions. More…
Peers
There is intense competition between TopBuild Corp and its competitors: BlueLinx Holdings Inc, Beacon Roofing Supply Inc, Grafton Group PLC. All of these companies are trying to gain market share in the highly competitive building materials industry. TopBuild Corp has been able to differentiate itself from its competitors by offering a unique combination of products and services that are unmatched in the industry.
– BlueLinx Holdings Inc ($NYSE:BXC)
BlueLinx Holdings Inc is a holding company that engages in the wholesale distribution of building and industrial products in the United States. It operates through the following segments: Engineered Products and Building Products. The Engineered Products segment offers metal components and industrial products. The Building Products segment focuses on lumber and lumber sheet goods, millwork, roofing, siding, decking, fencing, insulation, gypsum, and other specialty building products. The company was founded on January 25, 2002 and is headquartered in Atlanta, GA.
– Beacon Roofing Supply Inc ($NASDAQ:BECN)
Beacon Roofing Supply Inc is a publicly traded company that engages in the distribution of roofing materials and complementary building products in the United States and Canada. It has a market cap of 3.66B as of 2022 and a return on equity of 11.71%. The company was founded in 1928 and is headquartered in Herndon, Virginia.
Summary
Investors looking into TOPBUILD CORP have reason to be optimistic following the company’s second quarter earnings report for FY2023. Total revenue increased by 3.4%, and net income saw a 14.4% jump compared to the same period in the prior year. This caused the stock price to move up on the same day, suggesting a bullish outlook from investors. With these positive financial results, investors may want to consider buying shares of TOPBUILD CORP for potential returns in the near future.
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