TopBuild Q1 sales rise 17.2%, beat estimates

TopBuild

05/05/2026 12:03

Overview

U.S. insulation and roofing installer's Q1 sales rose 17.2%, beating analyst expectations

EPS declined to $3.73 from $4.23 a year ago

Company completed four acquisitions in 2026, adding over $80 mln in annual revenue

Outlook

Company says residential market faces ongoing uncertainty while heavy commercial and industrial markets are healthy

TopBuild continues to prioritize mergers and acquisitions to diversify end-market exposure

Result Drivers

ACQUISITIONS - Co said 2025 acquisitions of SPI and Progressive Roofing drove Q1 sales growth, offsetting weaker organic volume and price

WEAK ORGANIC VOLUME AND PRICE - Co reported declines in organic sales volume and price, especially in Installation Services segment

RESIDENTIAL AND LIGHT COMMERCIAL CHALLENGES - Co said ongoing uncertainty in residential and light commercial construction weighed on results

Company press release: ID:nGNX6lyCbY

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$1.44 bln
$1.41 bln (14 Analysts)
Q1 EPS
$3.73


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy"

Wall Street's median 12-month price target for TopBuild Corp is $500.00, about 16.1% above its May 4 closing price of $430.56

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)