TopBuild (BLD) Q2 Earnings & Sales Miss, View Down, Shares Dip
BLDTopBuild(BLD) ZACKS·2024-08-08 01:40

TopBuild Corp. (BLD) reported lackluster second-quarter 2024 results. Both earnings and sales lagged the Zacks Consensus Estimate. Shares of this installer and distributor of insulation and other building products lost 7.1% during the trading session and 1.3% in the after-hours trading session on Aug 6. This was mainly due to higher interest rates, project delays and supply constraints that continue to impact results across some residential and commercial end markets. The company has also trimmed its sales ...