secwatch.observer — SEC 8-K summary
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Issuer:     TopBuild Corp (BLD)
CIK:        0001633931
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001558370-24-006898
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633931/000155837024006898/0001558370-24-006898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633931/000155837024006898/bld-20240507x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006898

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