---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-006898"
form_type: "8-K"
ticker: "BLD"
cik: "0001633931"
company_name: "TopBuild Corp"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T18:44:57.997970+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# TopBuild Q1 sales up 1.1% to $1.3B, net income up 12.2%, raises 2024 outlook, authorizes $1B buyback

## Summary
- Q1 2024 sales $1,278.7M (+1.1% YoY); net income $152.4M (+12.2%); diluted EPS $4.79 (+11.9%).
- Adjusted EBITDA margin expanded 100 bps to 19.8%; operating margin up 100 bps to 16.8%.
- Board authorized $1.0B share repurchase program; total available repurchases now $1.15B.
- Raised 2024 outlook: sales $5.4B-$5.6B, adjusted EBITDA $1.065B-$1.155B.
- YTD acquired 5 companies expected to generate ~$68M in annual revenue.

## SEC filing metadata
- accession: 0001558370-24-006898
- form_type: 8-K
- ticker: BLD
- cik: 0001633931
- company_name: TopBuild Corp
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633931/000155837024006898/0001558370-24-006898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633931/000155837024006898/bld-20240507x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-006898
- JSON: https://secwatch.observer/filing/0001558370-24-006898.json
- Plain text: https://secwatch.observer/filing/0001558370-24-006898.txt

## Key facts
- Earnings Releases
  TopBuild Corp reported quarter ended March 31, 2024 results: revenue $1,278,717, net income $152,381, EPS $4.79. Guidance raised.
  - Period: quarter ended March 31, 2024
  - Revenue: $1,278,717
  - Net income: $152,381
  - EPS: $4.79
  - Guidance: raised
  - Result: reported results
  source text: 3 Months Ended 3/31/24 Reported Change ​ “We are proud of our first quarter results, which reflect the strength of our business, our ongoing drive to improve, and the hard work of our team. “We continue to focus on growing the business – both organically and through M&A – and delivering operational improvements, as evidenced by the 100 basis point expansion in our first quarter adjusted EBITDA margin year over year.” ROBERT BUCK, PRESIDENT & CEO, TOPBUILD Sales $1,278,717 1.1% ​ Gross Margin 30.3% 100 bps ​ SG&A as % of revenue 13.5% 0 bps ​ Operating Profit $214,508 7.6% ​ Operating Margin 16.8% 100 bps ​ Net Income $152,381 12.2% ​ Net Income per diluted share $4.79 11.9%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1633931/000155837024006898/0001558370-24-006898-index.htm

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