TopBuild (BLD) Tops Q4 EPS by 1c, Approves $200M Buyback

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TopBuild Reports Strong Fourth Quarter 2016 Results

February 28, 2017 6:45 AM EST

DAYTONA BEACH, Fla., Feb. 28, 2017 /PRNewswire/ -- TopBuild Corp. (NYSE: BLD), the leading purchaser, installer and distributor of insulation products to the United States construction industry, reported financial results for the fourth quarter ended December 31, 2016.

Fourth Quarter Financial Highlights(unless otherwise indicated, comparisons are to the quarter ended December 31, 2015)

Net Sales increased 4.1% to $444.1 million, primarily driven by sales volume growth in both operating segments. On a reported and adjusted basis, gross margin was 23.7%, down 80 basis points and up 60 basis points, respectively.... More