TopBuild (BLD) Q1 Earnings Top, Net Sales Miss, View Up

TopBuild Corp. (BLD) reported mixed results for first-quarter 2024, wherein its earnings topped the Zacks Consensus Estimate but revenues missed the same.Nonetheless, both earnings and net sales grew on a year-over-year basis. Notably, effective price realization during the quarter, combined with productivity initiatives, resulted in a 100 basis points (bps) expansion of the adjusted EBITDA margin.Also, the company has revised its forecast for 2024 upward, considering the robust profitability observed in th ...