(Adds Outlook, Share Buyback)
Looking ahead, for the full year, TopBuild Corporation (BLD) has increased its sales outlook above analysts' forecast, following strong first-quarter result and to incorporate the acquisitions completed to date.
For the year, the company now expects sales of $5.400 billion to $5.600 billion against previous outlook of $5.360 billion to $5.560 billion. Analysts, on average, expect the firm to record revenue of $5.5 billion.
TopBuild also said its Board has authorized a repurchase of up to $1 billion of shares. The new authorization is in addition to the $154 million remaining from the prior authorization, bringing the total number of shares available for repurchases to $1.15 billion.
Robert Buck, CEO of TopBuild, said: "Our new repurchase authorization demonstrates management and our Board of Directors' continued confidence in and support of our long-term strategy and the importance of returning capital to shareholders."
Q1 Results:
TopBuild released a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $152.381 million, or $4.79 per share. This compares with $135.870 million, or $4.28 per share, in last year's first quarter.
Excluding items, TopBuild Corp. reported adjusted earnings of $153.122 million or $4.81 per share for the period.
Analysts on average had expected the company to earn $4.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.0% to $1.278 billion from $1.265 billion last year.
TopBuild Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $152.381 Mln. vs. $135.870 Mln. last year.-EPS (Q1): $4.79 vs. $4.28 last year.-Revenue (Q1): $1.278 Bln vs. $1.265 Bln last year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.