{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-017056","form_type":"8-K","ticker":"BLD","cik":"0001633931","company_name":"TopBuild Corp","filed_at":"2023-10-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.851277+00:00","generated_at":"2026-06-09T04:45:44.329516+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"TopBuild Q3 net sales up 1.9%, adjusted EPS $5.43, acquires SPI for $960M","bullets":["Q3 net sales $1.33B (+1.9% YoY); adjusted diluted EPS $5.43 (+13.1%).","Gross margin 31.7% (+130 bps); adjusted EBITDA margin 21.4% (+150 bps).","Installation segment sales +4.9%; volume -3.5% but price +3.6% and M&A +4.8%.","Announced $960M all-cash acquisition of SPI; expects ~$700M annual revenue from SPI.","FY 2023 guidance: sales $5.13B-$5.21B, adjusted EBITDA $1.025B-$1.055B."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-017056","json":"https://secwatch.observer/filing/0001558370-23-017056.json","markdown":"https://secwatch.observer/filing/0001558370-23-017056.md","text":"https://secwatch.observer/filing/0001558370-23-017056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1633931/000155837023017056/0001558370-23-017056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1633931/000155837023017056/bld-20231031x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T04:45:44.329516+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c6c721c2d013031c63f6234dbaf0cd6871c30d88","claim":"TopBuild Corp reported the quarter ended September 30, 2023 results: revenue $1,326,120, net income $167,602, EPS $5.27. Guidance reaffirmed.","evidence_excerpt":"business model provides multiple avenues for growth, and we see continued opportunities in all three end markets we serve.” ROBERT BUCK, PRESIDENT & CEO, TOPBUILD Sales $1,326,120 1.9% ​ Gross Margin 31.7% 130 bps ​ SG&A as % of revenue 13.8% 50 bps ​ Operating Profit $237,492 6.6% ​ Operating Margin 17.9% 80 bps ​ Net Income $167,602 9.0% ​ Net Income per","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1633931/000155837023017056/0001558370-23-017056-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Revenue","value":"$1,326,120"},{"label":"Net income","value":"$167,602"},{"label":"EPS","value":"$5.27"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}