Quarterly ResultMay 5, 2026, 06:53 AM
TopBuild Q1 Sales Grew 17.2% to $1.45B; Net Income $104.8M
AI Summary
TopBuild Corp. reported its first quarter 2026 financial results, with sales growing 17.2% to $1.45 billion, primarily driven by recent acquisitions. Despite macro challenges in residential and light commercial new construction, the company's performance was in line with expectations, and it continues to focus on operational excellence and M&A. Net income and diluted EPS saw a year-over-year decrease, but the company highlighted strong free cash flow and a robust acquisition pipeline, having completed four acquisitions in 2026.
Key Highlights
- TopBuild Q1 2026 sales grew 17.2% to $1.45 billion, driven by acquisitions.
- Net income for Q1 2026 was $104.8 million, down from $123.4 million in Q1 2025.
- Diluted EPS was $3.73 in Q1 2026, compared to $4.23 in Q1 2025.
- Acquisitions contributed 24.3% to total sales change, offsetting volume and price declines.
- Installation Services sales grew 4.3% to $777 million, while Specialty Distribution sales increased 31.7% to $737 million.
- Adjusted EBITDA increased 1.6% to $238.6 million, with an adjusted EBITDA margin of 16.5%.
- Four acquisitions completed in 2026 added over $80 million in annual revenue.
- The company is on track with SPI integration and expects to meet or exceed synergy targets.
Price Impact
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