---
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"
generated_at: "2026-06-09T04:45:44.329516+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TopBuild Q3 net sales up 1.9%, adjusted EPS $5.43, acquires SPI for $960M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-017056
- JSON: https://secwatch.observer/filing/0001558370-23-017056.json
- Plain text: https://secwatch.observer/filing/0001558370-23-017056.txt

## Key facts
- Earnings Releases
  TopBuild Corp reported the quarter ended September 30, 2023 results: revenue $1,326,120, net income $167,602, EPS $5.27. Guidance reaffirmed.
  - Period: the quarter ended September 30, 2023
  - Revenue: $1,326,120
  - Net income: $167,602
  - EPS: $5.27
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1633931/000155837023017056/0001558370-23-017056-index.htm

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