secwatch.observer — SEC 8-K summary
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Issuer:     TopBuild Corp (BLD)
CIK:        0001633931
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001558370-23-017056
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633931/000155837023017056/0001558370-23-017056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633931/000155837023017056/bld-20231031x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-017056

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