secwatch.observer — SEC 8-K summary
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Issuer:     TopBuild Corp (BLD)
CIK:        0001633931
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001558370-24-014323
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TopBuild Q3 sales $1.37B record; adjusted EPS $5.68; narrows 2024 guidance
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- Q3 sales $1.373B (+3.6% YoY); GAAP EPS $5.65, adjusted EPS $5.68 vs $5.43 prior year.
- Adjusted EBITDA $285M (20.8% margin, -60 bps YoY); gross margin 30.7% (-100 bps YoY).
- Installation +4.2%, Specialty Distribution +5.1% sales growth; M&A contributed 2.4% to total.
- Repurchased 1.07M shares for $413.9M in Q3; YTD $919.2M, $235.2M remaining under authorization.
- Narrows 2024 outlook: revenue $5.3-$5.35B, adj. EBITDA $1.055-$1.085B. 7 acquisitions in 2024 totaling ~$118M annual revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633931/000155837024014323/0001558370-24-014323-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633931/000155837024014323/bld-20241105x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-014323

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