TopBuild Corp.(NYSE:BLD)週二盤前交易中股價下跌，此前公司報告第四季度銷售額爲13.1億美元，與市場預期一致。 - 銷售額同比增長2.0%，其中專業分銷板塊同比增長6.6%。 - 安裝板塊在本季度內基本持平。 - 調整後的毛利率從去年同期的30.4%收縮至29.9%，而調整後的EBITDA利潤率從去年的19.6%上升至19.7%。 - 調整後每股收益爲5.13美元，高於市場預期的5.05美元。 截至12月31日，公司現金及現金等價物爲4.003億美元。 回購：TopBuild回購了134,872股，總計4,720萬美元。 董事會授權回購公司股票至多10億美元，使得總回購授權金額達到12億美元。這包括截至2024年12月31日的前期授權剩餘的1.881億美元。 展望：TopBuild預計2025財年銷售額將在50.5億至53.5億美元之間，低於之前預估的54.65億美元，調整後的EBITDA預計在9.25億至10.75億美元之間。 TopBuild首席執行官Robert Buck列舉了公司業務的有利因素： - 低住房庫存 - 人口增長 - 人口結構變化 - 不斷推進的減少能源消耗、降低公用事業成本和管理排放的舉措。 投資者可以通過iShares美國住宅建設ETF(BATS:ITB)接觸該股。 股價變動：截至週二盤前最後檢查時，TopBuild股價下跌2.96％，至293.11美元。 繼續閱讀： Plug Power、EVgo被摩根大通列爲2025年最受青睞的可持續選擇。

以上內容來自Benzinga Earnings專欄，原文如下：

TopBuild Corp. (NYSE:BLD) shares are trading lower premarket on Tuesday after the company reported fourth-quarter sales of $1.31 billion in line with the consensus.

• Sales increased 2.0% Y/Y, led by a 6.6% Y/Y rise in the Specialty Distribution segment.
• The Installation segment was relatively flat Y/Y in the quarter.
• Adjusted gross margin contracted to 29.9% from 30.4% a year ago quarter, while adjusted EBITDA Margin improved to 19.7% from 19.6% in the prior-year quarter.
• Adjusted EPS of $5.13 exceeded the consensus of $5.05.
• As of Dec. 31, cash and cash equivalent stood at $400.3 million.

Buyback: TopBuild repurchased 134,872 shares totaling $47.2 million.

The board authorized the repurchase of up to $1.0 billion of the company’s shares, bringing the total repurchase availability to $1.2 billion.

This includes the $188.1 million remaining from the prior authorization as of December 31, 2024.

Outlook: TopBuild projects FY25 sales of $5.05 billion-$5.35 billion, vs. previous estimate of $5.465 billion, with adjusted EBITDA expected between $925 million and $1.075 billion.

TopBuild CEO Robert Buck listed tailwinds for the business:

• Low housing inventory
• Population growth
• Demographic shifts
• Ongoing initiatives to reduce energy consumption and decrease utility costs, and manage emissions.

Investors can gain exposure to the stock via iShares U.S. Home Construction ETF (BATS:ITB).

Price Action: BLD shares are down 2.96% at $293.11 premarket at the last check Tuesday.

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