secwatch.observer — SEC 8-K summary
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Issuer:     TopBuild Corp (BLD)
CIK:        0001633931
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001558370-25-006378
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1633931/000155837025006378/0001558370-25-006378-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1633931/000155837025006378/bld-20250506x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-006378

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