TopBuild Reports Strong Second Quarter 2018 Results
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TopBuild (BLD) Tops Q2 EPS by 8c, Revenues Beat; Offers FY18 Revenue Outlook
August 7, 2018 6:47 AM UTCTopBuild (NYSE: BLD) reported Q2 EPS of $1.03, $0.08 better than the analyst estimate of $0.95. Revenue for the quarter came in at $606 million versus the consensus estimate of $593.74 million.
Second Quarter Financial Highlights
(unless otherwise indicated, comparisons are to the quarter ended June 30, 2017)
Net sales increased 27.7% to $606.0 million, primarily driven by acquisitions, sales volume growth and increased selling prices in both operating segments. Of the 27.7% revenue growth, same branch contributed 10.5%. Gross margin, impacted by higher material cost,... More