secwatch.observer — SEC 8-K summary
======================================

Issuer:     TopBuild Corp (BLD)
CIK:        0001633931
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001558370-23-013043
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TopBuild Q2 sales up 3.4% to $1.3B, adj. EPS $5.25 +18.5%, announces SPI acquisition
--------------------------------------------------------------------------------

- Sales $1.317B (+3.4% YoY); reported EPS $5.18 (+17.5%); adjusted EPS $5.25 (+18.5%).
- Gross margin 32.0% (expanded 190 bps); adj. EBITDA margin 20.9% (+190 bps).
- Installation segment sales +8.0% (volume +2.9%, price +2.9%, M&A +2.2%); op. margin +260 bps to 21.3%.
- Signed agreement to acquire SPI (~$703M annual revenue); three smaller deals YTD (~$170M revenue).
- FY2023 outlook: sales $5.025B-$5.175B; adj. EBITDA $950M-$1,000M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633931/000155837023013043/0001558370-23-013043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633931/000155837023013043/bld-20230803x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-013043

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