Strong Performance in Commercial and Industrial Segments
Despite a decline in residential construction, TopBuild saw growth in commercial and industrial segments, driven by a surge in data center construction and positive trends in healthcare and manufacturing.
Successful Operational Improvements
TopBuild executed a footprint optimization project, consolidating 33 facilities to drive efficiencies, resulting in expected annual savings of $30 million.
Shareholder Returns
TopBuild returned $215.6 million to shareholders through share buybacks in the first quarter, with $972.4 million remaining under the current authorization.
Celebrating 10 Years as a Public Company
TopBuild celebrated its 10-year anniversary as a public company and was designated as a Great Place to Work for the third consecutive year.