---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-001907"
form_type: "8-K"
ticker: "BLD"
cik: "0001633931"
company_name: "TopBuild Corp"
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T08:56:09.880751+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TopBuild Q4 sales up 1.7% to $1.29B; adjusted EPS $4.69; guides 2024 sales $5.36-$5.56B

## Summary
- Q4 revenue $1.286B (+1.7% YoY); gross margin 30.4% (+70 bps); adjusted EBITDA margin 19.6% (+80 bps).
- Full-year revenue $5.195B (+3.7%); gross margin 30.9% (+120 bps); adjusted EBITDA margin 20.2% (+140 bps).
- Q4 adjusted diluted EPS $4.69 (+6.6%); FY adjusted diluted EPS $19.73 (+15.3%).
- 2024 outlook: sales $5.36B-$5.56B; adjusted EBITDA $1.04B-$1.13B; expects mid-single-digit growth in each end market.
- Acquired four insulation firms in 2023 (~$173M annual revenue); YTD 2024 added Brabble, Morris Black & Sons, and Pest Control Insulation.

## SEC filing metadata
- accession: 0001558370-24-001907
- form_type: 8-K
- ticker: BLD
- cik: 0001633931
- company_name: TopBuild Corp
- filed_at: 2024-02-28T23:59:59+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/1633931/000155837024001907/0001558370-24-001907-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633931/000155837024001907/bld-20240228x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-001907
- JSON: https://secwatch.observer/filing/0001558370-24-001907.json
- Plain text: https://secwatch.observer/filing/0001558370-24-001907.txt

## Key facts
- Earnings Releases
  TopBuild Corp reported 2024 results: revenue Sales $ 5,360 $ 5,560. Guidance initiated.
  - Period: 2024
  - Revenue: Sales $ 5,360 $ 5,560
  - Guidance: initiated
  - Result: guidance update
  source text: to again demonstrate the unique advantages of our operating model and take advantage of our multiple avenues for growth.” ROBERT BUCK, PRESIDENT & CEO, TOPBUILD Sales $ 5,360 $ 5,560 ​ Adjusted EBITDA* $ 1,040 $ 1,130 ​ ​ *See table for adjusted EBITDA reconciliation. ​ ​ ​ ​ ​ ​ ​ ​ 2024 Assumptions ​ ​ Residential Revenue Mid Single
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633931/000155837024001907/0001558370-24-001907-index.htm
- Earnings Releases
  TopBuild Corp reported the quarter ended December 31, 2023 results: net income Net Income $146,382, EPS Net Income per diluted share $4.60. Guidance initiated.
  - Period: the quarter ended December 31, 2023
  - Net income: Net Income $146,382
  - EPS: Net Income per diluted share $4.60
  - Guidance: initiated
  - Result: reported results
  source text: On February 28, 2024, TopBuild Corp., a Delaware corporation (the “Company”), issued a press release announcing its financial results for the quarter ended December 31, 2023 (the “Press Release”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633931/000155837024001907/0001558370-24-001907-index.htm
- Earnings Releases
  TopBuild Corp reported the fiscal year ended December 31, 2023 results: net income Net Income $614,254, EPS Net Income per diluted share $19.33. Guidance initiated.
  - Period: the fiscal year ended December 31, 2023
  - Net income: Net Income $614,254
  - EPS: Net Income per diluted share $19.33
  - Guidance: initiated
  - Result: reported results
  source text: On February 28, 2024, TopBuild Corp., a Delaware corporation (the “Company”), issued a press release announcing its financial results for the quarter ended December 31, 2023 (the “Press Release”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633931/000155837024001907/0001558370-24-001907-index.htm

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