secwatch.observer — SEC 8-K summary
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Issuer:     TopBuild Corp (BLD)
CIK:        0001633931
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001558370-24-001907
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633931/000155837024001907/0001558370-24-001907-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633931/000155837024001907/bld-20240228x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-001907

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