NYSE$BLD
TopBuild Corp. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
TopBuild reported strong first quarter results, demonstrating the strength of its operating model.
TopBuild's first quarter 2022 results showed significant growth, with sales increasing by 57.4% to $1.2 billion. The company's focus on managing price, improving operational efficiency, and leveraging fixed costs drove solid conversion of top-line growth to the bottom line. Adjusted EBITDA margin expanded by 310 basis points to 18.7%.
- Sales increased 57.4% to $1168918000.
- Same branch revenue increased 18.7%.
- Gross margin expanded 170 basis points to 28.3%, same branch gross margin expanded 290 basis points to 29.6%.
- Same branch adjusted EBITDA margin expanded 310 basis points to 18.7%.
Headline financials
Revenue & EPS history
TopBuild · Revenue · Quarterly
$1.17B
Forward guidance
TopBuild is optimistic 2022 will be another strong year. Sales are expected to be between $4.65 billion and $4.8 billion, while adjusted EBITDA is projected to be between $810 million and $860 million.
Tailwinds
- Unique operating model
- Scale
- Competitive advantages
- Outperforming in any environment
- Optimistic about a strong year
Headwinds
- Housing starts
- Housing completions
- General and administrative expenses
- Weighted average diluted shares outstanding
- Interest rates
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+1.4%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+2.2%
Avg return
30 days after
63%
31 / 49 earnings
Positive
+14.2%
Q3 2019
Best reaction
-14.1%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | -0.8% | -5.8% | |
| Q4 2025 | -3.7% | -10.8% | -28.2% | |
| Q3 2025 | -1.1% | +0.0% | +4.8% | |
| Q1 2025 | -3.1% | +1.1% | +3.1% | |
| Q4 2024 | +2.7% | +1.4% | +3.0% | |
| Q3 2024 | +2.5% | +1.9% | +3.3% | |
| Q2 2024 | -14.1% | -12.4% | -14.4% | |
| Q1 2024 | -5.0% | -0.8% | -1.8% | |
| Q4 2023 | -2.6% | -2.1% | +6.7% | |
| Q3 2023 | +11.1% | +20.5% | +34.8% | |
| Q2 2023 | +7.5% | +9.2% | +8.3% | |
| Q1 2023 | -3.1% | -5.3% | -1.8% | |
| Q4 2022 | +4.1% | +4.8% | -2.5% | |
| Q3 2022 | -13.1% | -13.9% | -7.1% | |
| Q2 2022 | -6.0% | -9.4% | -16.5% | |
| Q1 2022 | +1.0% | -0.5% | +4.2% | |
| Q4 2021 | -12.7% | -6.1% | -12.4% | |
| Q3 2021 | -1.4% | +0.4% | +5.0% | |
| Q2 2021 | +6.0% | +8.5% | +9.1% | |
| Q1 2021 | -2.7% | -8.5% | -15.0% | |
| Q4 2020 | +1.2% | -5.3% | +0.9% | |
| Q3 2020 | +6.9% | +6.4% | +7.4% | |
| Q2 2020 | +3.6% | +4.4% | +12.6% | |
| Q1 2020 | +8.6% | +11.2% | +36.6% | |
| Q4 2019 | -10.0% | -16.4% | -31.1% | |
| Q3 2019 | +14.2% | +10.5% | +14.3% | |
| Q2 2019 | +10.3% | +8.9% | +14.2% | |
| Q1 2019 | +7.8% | +13.2% | +8.5% | |
| Q4 2018 | +1.7% | +2.3% | +11.0% | |
| Q3 2018 | +7.8% | +3.8% | -2.6% | |
| Q2 2018 | -0.4% | +0.8% | -18.1% | |
| Q1 2018 | +4.2% | +6.2% | +8.5% | |
| Q4 2017 | -5.0% | -1.2% | +4.3% | |
| Q3 2017 | -2.2% | -0.4% | +1.0% | |
| Q2 2017 | +4.6% | +3.7% | +5.5% | |
| Q1 2017 | +2.2% | +1.5% | +3.5% | |
| Q4 2016 | +8.2% | +7.7% | +14.6% | |
| Q3 2016 | +9.9% | +15.4% | +25.5% | |
| Q2 2016 | -7.8% | -7.8% | -8.5% | |
| Q1 2016 | +2.6% | — | — | |
| Q1 2015 | +2.6% | — | — | |
| Q1 2014 | +0.7% | — | — | |
| Q4 2013 | +0.7% | — | — | |
| Q4 2015 | +0.7% | — | — | |
| Q3 2015 | +11.5% | — | — | |
| Q3 2014 | +11.5% | — | — | |
| Q4 2014 | +2.2% | — | — | |
| Q2 2014 | +2.2% | — | — | |
| Q2 2015 | +2.2% | — | — |
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