secwatch.observer — SEC 8-K summary
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Issuer:     TopBuild Corp (BLD)
CIK:        0001633931
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001558370-24-010942
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TopBuild Q2 sales $1.37B (+3.7% YoY), adj. EBITDA $277.7M; revises FY 2024 guidance
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- Net income $150.7M ($4.78 diluted EPS); adjusted net income $170.8M ($5.42 diluted EPS).
- Gross margin 31.0% (down from 32.0%); adj. EBITDA margin 20.3% (down from 20.9%).
- Installation segment sales +5.2%, Specialty Distribution +3.2%; M&A added 2.9% to total sales growth.
- Completed 6 acquisitions YTD expected to generate ~$107M annual revenue; repurchased 1.25M shares for $505.2M.
- Revised FY 2024 guidance: sales $5.3-$5.5B; adj. EBITDA $1.055-$1.125B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633931/000155837024010942/0001558370-24-010942-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633931/000155837024010942/bld-20240806x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-010942

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