---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-006378"
form_type: "8-K"
ticker: "BLD"
cik: "0001633931"
company_name: "TopBuild Corp"
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T12:22:04.596885+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TopBuild Q1 sales down 3.6% to $1.23B; adj. EBITDA margin 19.0%; confirms FY outlook

## Summary
- Net income $123.4M ($4.23 diluted EPS); adjusted EPS $4.63 vs $4.81 YoY.
- Installation sales -6.7% on weak new residential; Specialty Distribution +2.6%.
- Adjusted gross margin 29.6% (down from 30.3%); adjusted EBITDA margin 19.0% (down from 19.8%).
- FY 2025 guidance confirmed: sales $5.05-5.35B, adj. EBITDA $925M-1.075B.
- Repurchased 693,881 shares for $215.6M in Q1; $972.4M remaining; closed Seal-Rite acquisition (~$15M rev).

## SEC filing metadata
- accession: 0001558370-25-006378
- form_type: 8-K
- ticker: BLD
- cik: 0001633931
- company_name: TopBuild Corp
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1633931/000155837025006378/0001558370-25-006378-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1633931/000155837025006378/bld-20250506x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-006378
- JSON: https://secwatch.observer/filing/0001558370-25-006378.json
- Plain text: https://secwatch.observer/filing/0001558370-25-006378.txt

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