BLD Earnings Prediction
The chart below shows how BLD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BLD sees a +0.87% change in stock price 10 days leading up to the earnings, and a +1.87% change 10 days following the report. On the earnings day itself, the stock moves by -1.81%. This data can give you a slight idea of what to expect for the next quarter's release.
BLD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.37B
3.56%
0.56%
Gross Margin
30.72%
-3.15%
-1.03%
Operating Margin
17.80%
-3.16%
2.71%
Net Margin
12.30%
-2.69%
11.41%
EPS
5.65
7.21%
18.20%
No Data Available
BLD Earnings Analysis
TopBuild Corp. Common Stock Corporation (BLD.N) Earnings Conference Call
Positive
Sales Growth and Acquisitions: Sales increased 3.6% to $1.37 billion as volumes grew, benefiting from acquisitions and realizing pricing across both installation and specialty distribution.
Adjusted EBITDA Performance: Our adjusted EBITDA totaled $285.1 million, and adjusted EBITDA margin was 20.8%.
Installation Sales Increase: Installation sales grew 4.2% to $856.4 million, with net M&A adding 2.7%.
Specialty Distribution Sales Increase: Specialty distribution sales rose 5.1% to $600.4 million in the third quarter, with volume improving 3%.
Share Buyback Program Update: We continued our share buyback program repurchasing 1.07 million shares for a total of $413.9 million.
Negative
Slower Housing Demand: Housing demand in the second half of the year has been slower than anticipated, indicating a potential decline in customer growth.
Residential Starts Variability: Single-family residential starts still vary widely across the country, suggesting inconsistent market performance.
Sales Growth vs. Housing Demand: Despite a 3.6% increase in sales to $1.37 billion, the company noted that housing demand has not met expectations, leading to concerns about future growth.
Profit Margin Decline: Adjusted gross profit margin was 30.7%, which was 100 basis points lower than last year, indicating a decline in profitability.
Project Start Delays Impact Revenue: The company experienced delays in project starts, particularly in the commercial sector, which may impact future revenue growth.
BLD FAQs
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BLD Earning Call Sentiment
TopBuild Corp (BLD) Q3 2024 Earnings Call Transcript
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00:00
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BLD.N
-0.74%Positive
The earnings call reveals several concerns: reduced sales and EBITDA guidance, slowing multifamily demand, supply chain challenges, and financing issues. Despite some positive aspects like share buybacks and steady financial metrics, the overall sentiment is negative. The Q&A section highlights market uncertainties and vague management responses, particularly regarding multifamily and pricing dynamics. These factors, combined with the negative impact of interest rate fluctuations and economic conditions, suggest a negative stock price movement over the next two weeks.
