LONDON, UK / ACCESSWIRE / January 24, 2018 / Active-Investors.com has just released a free research report on TopBuild Corp. (NYSE: BLD). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BLD as the Company's latest news hit the wire. On January 22, 2018, the Company announced the acquisition of Santa Rosa Insulation and Fireproofing ("Santa Rosa"). Santa Rosa has been providing installation services to both the private and public sectors in the greater Miami area for over 35 years. For the twelve months ended December 31, 2017, the Company generated approximately $6 million in annual revenue. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, TopBuild most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Acquisition Likely to Increase TopBuild's Market Share in the Greater Miami Region
Commenting on the acquisition, Jerry Volas, Chief Executive Officer (CEO) of TopBuild, stated that Santa Rosa has strong customer relationships and an experienced labor force with demonstrated foam insulation and fireproofing expertise. The acquisition will increase TopBuild's market share in the Greater Miami region, an area of the country that has outsized growth prospects. Volas informed that the two former owners of Santa Rosa, Raul Puig and Luis Garcia, have joined the Company and will continue to grow and manage the business.
TopBuild's Recent Acquisition
On January 10, 2018, TopBuild acquired ADO Products, LLC, a distributor of insulation accessories, marking its first acquisition agreement of 2018. Headquartered in Plymouth, Minnesota, ADO Products generated approximately $27.6 million of revenue for the twelve months ended November 30, 2017. ADO Products would enhance the strength of TopBuild's Distribution business segment with its strong and long-standing customer relationships and experienced leadership team, while also expanding the latter's geographic presence and market share.
Acquisition Agreements in 2017
TopBuild has acquired four companies in 2017. The acquisitions enabled the Company to expand its market share, enhance its scale of production, and increase penetration in key markets and geographies.
- In June 2017, the Company acquired Canyon Insulation, a heavy commercial insulation and fire stopping Company headquartered in Corona, California, with branches in San Diego and Livermore. For the twelve months ended December 31, 2016, Canyon Insulation generated approximately $28 million in annual revenue.
- In April 21, 2017, TopBuild announced the acquisition of Superior Insulation Products, LLC, a residential insulation Company based in Seattle, Washington. For the twelve months ended December 31, 2016, Superior Insulation generated approximately $12 million in annual revenue.
- In March 30, 2017, the Company acquired Capital Insulation, a residential insulation Company based in Sacramento, California. For the trailing twelve months ended December 31, 2016, Capital Insulation generated approximately $7.0 million in annual revenue.
- In January 17, 2017, TopBuild purchased Midwest Fireproofing, a heavy commercial fireproofing and insulation Company with locations in Chicago and Indianapolis. For the trailing twelve months ended December 31, 2016, Midwest Fireproofing generated approximately $20 million in annual revenue.
About TopBuild Corp.
TopBuild is the leading installer and distributor of insulation products to the United States construction industry, based on revenue. The Company was formed in 2015 from the spin-off of Masco Corp.'s Installation and Other Services businesses. TopBuild is headquartered in Daytona Beach, Florida.
Stock Performance Snapshot
January 23, 2018 - At Tuesday's closing bell, TopBuild's stock slightly advanced 0.38%, ending the trading session at $77.50.
Volume traded for the day: 173.20 thousand shares.
Stock performance in the last month – up 5.38%; previous three-month period – up 18.68%; past twelve-month period – up 110.08%; and year-to-date - up 2.32%
After yesterday's close, TopBuild's market cap was at $2.73 billion.
Price to Earnings (P/E) ratio was at 38.20.
The stock is part of the Industrial Goods sector, categorized under the General Building Materials industry. This sector was up 0.2% at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
© 2018 Accesswire. All Rights Reserved.