Insulate Your Portfolio

Written By Fred Stupart

Residential Construction Industry

TopBuild Grows Despite Slowing Housing Market

TopBuild Corp. (NYSE: BLD) headquartered in Daytona Beach, Florida engages in the installation and distribution of insulation and related building products. A majority of the business is currently focused on the new build residential construction market. 1Q2024 sales grew 1.1% YoY while operating earnings grew 8.2% YoY.

TopBuild has successfully kept ROIC above 20% since 2022 while growing book value, maintaining operating margin of 16.7% and reducing its share count.

Fred Stupart https://eaglestonecapital.net
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