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TopBuild Corp., an installer of insulation and commercial roofing and a specialty distributor of insulation and related building products to the construction industry in the U.S and Canada, released its financial results for the first quarter of 2026, reporting a 17.2% increase in sales.
Net sales were reported at $1.4 billion and net income of $104 million, down 15% year over year for the quarter. Adjusted EBITDA margin was reported at 16.5% in Q1, down from 19.0% in the first quarter of 2025.
“In the first quarter, sales grew 17.2%, driven by the 2025 acquisitions of SPI and Progressive Roofing, offsetting the macro challenges in residential and light commercial new construction,” says Robert Buck, CEO of TopBuild. “While the residential market faces ongoing uncertainty, the heavy commercial and industrial end markets are healthy and our results are solid. We are also making excellent progress on the SPI integration and are on track to meet or exceed our original synergy targets.”
The results come on the heels of QXO’s purchase of the company on April 19.
“We are excited about our future in joining QXO, as was announced on April 19. By combining the TopBuild business with QXO, we are confident in our opportunities to accelerate our cross-selling initiatives, capitalize on procurement opportunities and leverage digital technology in a manner that will benefit our customers, employees and all stakeholders,” Buck says.
The company also announced a definitive agreement to acquire Comfort Pro, an insulation installation company based in Little Suamico, Wisconsin, with approximately $6 million in annual sales. The transaction is expected to close in the second quarter.
