TopBuild Q3 net sales $1.30B (+53.8%), EPS $4.76, guides FY22 sales $4.95-5.0B

TopBuild Corp

2022-Q3 EPS reported $12.63 revenue$3,744,201,000

Net sales $1.30B (+53.8% YoY); diluted EPS $4.76 (+65.3%); adjusted diluted EPS $4.80 (+62.7%).
Operating margin expanded 130 bps to 17.1%; same-branch sales up 22.6% with EBITDA margin up 190 bps to 20.6%.
Installation segment sales +27.8% (volume +12.3%, price +13.8%); Specialty Distribution sales +111.1% (M&A +92.4%).
FY2022 guidance: sales $4.95B-$5.0B, adjusted EBITDA $915M-$935M.
Q3 repurchased 269,544 shares at avg $185.50; YTD 5 acquisitions with ~$17.3M annual revenue contribution.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TopBuild Corp reported the quarter ended September 30, 2022 results: revenue $1,300,998, net income $153,746, EPS $4.76.

Period: the quarter ended September 30, 2022
Revenue: $1,300,998
Net income: $153,746
EPS: $4.76
Result: reported results

Exact text from the filing

3 Months Ended 9/30/22 Reported Change Sales $1,300,998 53.8% Gross Margin 30.4% 80 bps SG&A as % of revenue 13.3% (50 bps) Operating Profit $222,874 66.6% Operating Margin 17.1% 130 bps Net Income $153,746 61.1% Net Income per diluted share $4.76 65.3%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TopBuild Corp reported the nine months ended September 30, 2022 results: revenue $3,744,201, net income $412,156, EPS $12.63.

Period: the nine months ended September 30, 2022
Revenue: $3,744,201
Net income: $412,156
EPS: $12.63
Result: reported results

Exact text from the filing

9 Months Ended 9/30/22 Reported Change Sales $3,744,201 54.5% Gross Margin 29.7% 120 bps SG&A as % of revenue 13.8% 0 bps Operating Profit $594,049 65.9% Operating Margin 15.9% 110 bps Net Income $412,156 67.8% Net Income per diluted share $12.63 70.4%

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TopBuild Corp filing history →

Source: SEC EDGAR

accession 0001558370-22-015714

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