TopBuild Q1 sales +8.2% to $1.27B; adj. EBITDA margin expands 150 bps to 18.8%

TopBuild Corp

2023-Q1 EPS reported $4.28 revenue$1,265,238,000

Sales $1.265B (+8.2% YoY); GAAP net income $135.9M ($4.28 diluted EPS); adjusted net income $138.4M ($4.36 diluted EPS).
Gross margin 29.3% (+100 bps); adj. EBITDA margin 18.8% (+150 bps); SG&A as % of revenue down 80 bps to 13.2% adj.
Installation segment sales up 13.4% (price +5.8%, volume +5.4%, M&A +2.2%); Specialty Distribution sales up 2.7% (price +5.7%, volume -3.0%).
Completed acquisition of SRI Holdings in Q1; expected to contribute ~$62M annual revenue.
2023 outlook unchanged: sales $4.7-4.9B, adj. EBITDA $820-910M; M&A remains top capital allocation priority.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.