---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-007963"
form_type: "8-K"
ticker: "BLD"
cik: "0001633931"
company_name: "TopBuild Corp"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:11:36.787954+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-007963
- form_type: 8-K
- ticker: BLD
- cik: 0001633931
- company_name: TopBuild Corp
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633931/000155837023007963/0001558370-23-007963-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633931/000155837023007963/bld-20230504x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-007963
- JSON: https://secwatch.observer/filing/0001558370-23-007963.json
- Plain text: https://secwatch.observer/filing/0001558370-23-007963.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.