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Home Services Industry Update Summer 2024

Read more about M&A activity and trends in this sector

Home Services Industry Update Summer 2024

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Latest Residential Non-Franchise M&A Sentiment

Select Commentary from Recent Earnings Releases

 

CompanyEarnings DateM&A SentimentManagement M&A Commentary
TopBuild
August 6Active
  • The company continues to maintain a strong M&A pipeline across its  primary residential, commercial, and industrial end markets
  • Management has prioritized M&A in the core insulation sector
Installed  Building  ProductsAugust 1Active
  • Management continues to prioritize undertaking M&A over the near-term
  • Through the YTD Aug-24 period, the company has completed four  acquisitions
Frontdoor
August 1

Opportunistic

  • Management continues to selectively pursue targeted M&A opportunities
ADTAugust 1Active
  • Pursuing acquisition opportunities remains a key priority for management
Fortune Brands  InnovationsJuly 25Opportunistic
  • Management plans to continue to grow its portfolio of brands through  identified M&A initiatives

Residential Non-Franchise Services Index Stock Performance

Recently reported Residential Non- Franchise services businesses experienced mixed performance on an earnings per share (EPS) and revenue basis
Residential Non-Franchise ServicesConsensus EstimateActual Results% Difference
EPS(1)RevenueEPS(1)RevenueEPS(1)Revenue
TopBuild Corp.

$5.67

$1,398

$5.42

$1,366

(4.4%)

(2.3%)

Fortune Brands Innovations

$1.12

$1,280

$1.16

$1,240

3.6%

(3.1%)

ADT

$0.17

$1,210

$0.17

$1,205

0.0%

(0.4%)

Installed Building Products

$2.88

$745

$2.84

$738

(1.4%)

(0.9%)

Frontdoor

$1.00

$537

$1.01

$542

1.0%

0.9%

Footnotes:

Source: Market statistics sourced from Capital IQ and based on 7/31/2024. All figures in USD and in millions (except share price data), where applicable, converted at rates as of 7/31/2024
(1)Normalized EPS that excludes the effects of exceptional items to standardize the metric across the peer group
(2)Select Residential Non-Franchise Services companies include those defined in the table above

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Home Services Industry Update Summer 2024

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