secwatch.observer — SEC 8-K summary
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Issuer:     TopBuild Corp (BLD)
CIK:        0001633931
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001558370-22-007211
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TopBuild Q1 sales up 57.4% to $1.17B; raises 2022 outlook, $100M ASR
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- Sales $1.169B (+57.4% YoY); adjusted EPS $3.50 (+73.3% YoY); same-branch revenue +18.7%.
- Gross margin expanded 170 bps to 28.3%; same-branch adj. EBITDA margin +310 bps to 18.7%.
- 2022 sales outlook raised to $4.65-$4.80B; adj. EBITDA outlook raised to $810-$860M.
- Announced $100M accelerated share repurchase; Q1 repurchased 238,154 shares at avg. $209.95.
- Integration of Distribution International on track to achieve $35-$40M synergies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633931/000155837022007211/0001558370-22-007211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633931/000155837022007211/bld-20220505x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-007211

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer