What does corporate non — restructuring reserve mean?

The amount of money set aside to cover future costs of planned corporate restructuring.

How do you interpret corporate non — restructuring reserve?

A declining reserve indicates that restructuring activities are being completed, while a rising reserve suggests new or ongoing transformation initiatives.

How does corporate non — restructuring reserve compare across companies?

Comparable to restructuring accruals or liabilities reported by companies in the midst of multi-year operational improvements.

TopBuild Corporation BLD Corporate Non — Restructuring Reserve

Discontinued — last reported Q2 '16

Similar metrics at other companies

GTLSCorporate Non — Restructuring Reserve

$1.8M+28.6%

CSL

CSLCorporate Non — Restructuring Reserve

$0-100%

BALLCorporate Non — Restructuring Reserve

$2M—

XPO

XPOCorporate Non — Restructuring Reserve

$1.1M+22.2%

GTLSCorporate — Restructuring Reserve

$1.1M-63.3%

XPO

XPOCorporate — Restructuring Reserve

$2M+100%

Other financials

Income statement

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Revenue$1.4B+17.2%

Gross profit$400.3M+13.9%

Operating income$175.0M-1.4%

Net income$104.8M-15.1%

EPS (diluted)$3.73-11.8%

Balance sheet

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Cash & equivalents$268.8M-12.9%

Total debt$3.1B+99.6%

Total equity$2.4B+13.6%

Total assets$6.7B+46.0%

Cash flow

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Operating cash flow$160.7M+5.3%

CapEx$14.0M+4.5%

Free cash flow$146.7M+5.4%

Valuation

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Market cap$12B+10.9%

Enterprise value$14.86B+25.3%

P/E23.9×+5.6×

P/S2.1×+0.1×

Profitability

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Gross margin28.8%-1.3pp

Operating margin14%-2.0pp

Net margin9%-2.3pp

FCF margin12.5%-0.5pp

Returns & leverage

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Return on equity22.3%-2.3pp

Debt / equity1.3×+0.6×

Current ratio2×0.0×

Where this comes from

Reported directly by TopBuild Corporation in its filing.

Tagged under the XBRL concept us-gaap:RestructuringReserve.

The official record: TopBuild Corporation’s 10-Q, filed August 4, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does corporate non — restructuring reserve mean?: The amount of money set aside to cover future costs of planned corporate restructuring.
How do you interpret corporate non — restructuring reserve?: A declining reserve indicates that restructuring activities are being completed, while a rising reserve suggests new or ongoing transformation initiatives.
How does corporate non — restructuring reserve compare across companies?: Comparable to restructuring accruals or liabilities reported by companies in the midst of multi-year operational improvements.