TopBuild Reports Fourth Quarter and Full Year 2020 Results
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TopBuild (BLD) Tops Q4 EPS by 18c, Revenues Beat; Offers FY21 Revenue Mid-Point Guidance Above Consensus
February 23, 2021 6:48 AM ESTTopBuild (NYSE: BLD) reported Q4 EPS of $2.15, $0.18 better than the analyst estimate of $1.97. Revenue for the quarter came in at $721.5 million versus the consensus estimate of $712.27 million.
Fourth Quarter Financial Highlights
(unless otherwise indicated, comparisons are to the quarter ended December 31, 2019)
Net sales increased 8.9% to $721.5 million, driven by increased volume and sales from acquisitions.Gross margin expanded 150 basis points to 27.4%. On an adjusted basis, gross margin was 27.5%, a 160-basis point increase.Operating profit was $103.1 million, compared to $76.4 million. On an adjusted basis, operating profit was $104.0 million, compared to $76.6 million, a 35.7%... More