BLD

TopBuild Corp. is a leading installer and distributor of insulation and building material products to the construction industry in the United States. The company operates through two segments: Installation (residential and commercial insulation installation services through TruTeam and Service Partners brands) and Specialty Distribution (distribution of insulation, building materials, and related products through Bui lders First Source and other operations). TopBuild serves residential and commercial builders, contractors, and remodelers through hundreds of installation branches and distribution centers nationwide. The company was spun off from Masco Corporation in 2015 and has grown rapidly through acquisitions and organic growth driven by housing market trends. Headquartered in Daytona Beach, Florida, TopBuild benefits from new residential construction, commercial building activity, and repair and remodeling markets. The company has built significant scale and density through acquisitions of local and regional insulation contractors and distributors. TopBuild faces cyclicality tied to housing markets, labor availability challenges, and input cost volatility. The company continues to invest in growth through acquisitions, operational improvements, and technology enhancements.