TopBuild Reports First Quarter 2019 Results
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TopBuild (BLD) Tops Q1 EPS by 26c, Revenues Beat; Raises FY19 Revenue Guidance Above Consensus, Boosts FY19 Adj. EBITDA Outlook
May 7, 2019 6:47 AM EDTTopBuild (NYSE: BLD) reported Q1 EPS of $1.06, $0.26 better than the analyst estimate of $0.80. Revenue for the quarter came in at $619.3 million versus the consensus estimate of $599.96 million.
Net Sales increased 26.0% to $619.3 million, primarily driven by acquisitions, price increases and sales volume growth at TruTeam. Of the 26.0% revenue growth, same branch sales contributed 7.1%. Gross margin increased 250 basis points to 25.1%. Operating profit was $56.6 million, compared to $33.9 million, a... More