Quarterly ResultMay 5, 2026, 06:48 AM
TopBuild Q1 Sales +17.2% to $1.45B; EPS $3.73
AI Summary
TopBuild Corp. reported its first quarter 2026 results, with sales increasing 17.2% to $1.45 billion, primarily driven by recent acquisitions. Despite the sales growth, net income decreased to $104.8 million and diluted EPS fell to $3.73 compared to the prior year. The company highlighted solid results in heavy commercial and industrial markets, offsetting residential and light commercial new construction challenges, and is making good progress on integrating acquired businesses. TopBuild also reiterated its excitement about the upcoming merger with QXO, announced on April 19.
Key Highlights
- TopBuild Q1 2026 sales grew 17.2% to $1.45 billion, driven by acquisitions.
- Net income decreased to $104.8 million from $123.4 million in Q1 2025.
- Diluted EPS was $3.73, down from $4.23 in Q1 2025.
- Adjusted EBITDA increased 1.6% to $238.6 million.
- Installation Services sales increased 4.3% to $777.3 million.
- Specialty Distribution sales increased 31.7% to $737.1 million.
- Four acquisitions completed in 2026 add over $80 million in annual revenue.
- Company is making progress on SPI integration and on track to meet synergy targets.