TopBuild Files 2023 10-K, Details Financial Position

TL;DR

**TopBuild's 2023 10-K is out, showing their financial snapshot for the year.**

AI Summary

TopBuild Corp (NYSE: BLD) filed its 10-K on February 28, 2024, for the fiscal year ended December 31, 2023. The filing indicates the company's continued operation as a construction special trade contractor, with its business address at 475 N. Williamson Blvd., Daytona Beach, FL. Key financial data points for the period include common stock, treasury stock, retained earnings, additional paid-in capital, and accumulated other comprehensive income, reflecting its financial position as of December 31, 2023, and December 31, 2022.

Why It Matters

This filing provides a comprehensive overview of TopBuild Corp's financial health and operational performance, crucial for investors and stakeholders to assess its stability and future prospects in the construction sector.

Risk Assessment

Risk Level: medium — The filing itself doesn't detail specific risks, but the construction sector is inherently cyclical and sensitive to economic conditions, posing a medium risk.

Key Numbers

• 001-36870 — SEC File Number (Identifies the company's registration with the SEC)
• 109 — Public Document Count (Indicates the number of documents in the filing)
• 1231 — Fiscal Year End (The month and day TopBuild's fiscal year concludes)
• 20150213 — Date of Name Change (When Masco SpinCo Corp. became TopBuild Corp.)
• 0001633931 — Central Index Key (CIK) (Unique identifier for TopBuild Corp. with the SEC)

Key Players & Entities

• TopBuild Corp (company) — Filer of 10-K
• Masco SpinCo Corp. (company) — Former company name of TopBuild Corp
• December 31, 2023 (date) — Conformed period of report end date
• February 28, 2024 (date) — Filed as of date
• Daytona Beach, FL (location) — Business address city and state

FAQ

From the Filing

0001558370-24-001999.txt : 20240228 0001558370-24-001999.hdr.sgml : 20240228 20240228160609 ACCESSION NUMBER: 0001558370-24-001999 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 109 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240228 DATE AS OF CHANGE: 20240228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TopBuild Corp CENTRAL INDEX KEY: 0001633931 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 473096382 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36870 FILM NUMBER: 24695237 BUSINESS ADDRESS: STREET 1: 475 N. WILLIAMSON BLVD. CITY: DAYTONA BEACH STATE: FL ZIP: 32114 BUSINESS PHONE: (386) 304-2200 MAIL ADDRESS: STREET 1: 475 N. WILLIAMSON BLVD. CITY: DAYTONA BEACH STATE: FL ZIP: 32114 FORMER COMPANY: FORMER CONFORMED NAME: Masco SpinCo Corp. DATE OF NAME CHANGE: 20150213 10-K 1 bld-20231231x10k.htm 10-K 0001633931 --12-31 2023 FY false http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization 0 0 http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization 2026-10-07 0001633931 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001633931 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001633931 us-gaap:CommonStockMember 2021-01-01 2021-12-31 0001633931 us-gaap:TreasuryStockCommonMember 2023-12-31 0001633931 us-gaap:RetainedEarningsMember 2023-12-31 0001633931 us-gaap:CommonStockMember 2023-12-31 0001633931 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001633931 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001633931 us-gaap:TreasuryStockCommonMember 2022-12-31 0001633931 us-gaap:RetainedEarningsMember 2022-12-31 0001633931 us-gaap:CommonStockMember 2022-12-31 0001633931 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001633931 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001633931 us-gaap:TreasuryStockCommonMember 2021-12-31 0001633931 us-gaap:RetainedEarningsMember 2021-12-31 0001633931 us-gaap:CommonStockMember 2021-12-31 0001633931 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001633931 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001633931 us-gaap:TreasuryStockCommonMember 2020-12-31 0001633931 us-gaap:RetainedEarningsMember 2020-12-31 0001633931 us-gaap:CommonStockMember 2020-12-31 0001633931 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001633931 us-gaap:EmployeeStockOptionMember 2022-12-31 0001633931 bld:LongTermIncentivePlanMember 2023-12-31 0001633931 srt:MaximumMember bld:LongTermIncentivePlanMember 2023-12-31 0001633931 us-gaap:RestrictedStockMember 2022-12-31 0001633931 bld:VestingBasedOnServiceMember srt:MinimumMember us-gaap:RestrictedStockMember 2023-01-01 2023-12-31 0001633931 bld:VestingBasedOnServiceMember srt:MaximumMember us-gaap:RestrictedStockMember 2023-01-01 2023-12-31 0001633931 srt:MinimumMember us-gaap:EmployeeStockOptionMember 2023-01-01 2023-12-31 0001633931 srt:MaximumMember us-gaap:EmployeeStockOptionMember 2023-01-01 2023-12-31 0001633931 bld:VestingBasedOnMarketConditionsMember us-gaap:RestrictedStockMember 2023-01-01 2023-12-31 0001633931 bld:Acquisitions2022Member 2023-01-01 2023-12-31 0001633931 us-gaap:OperatingSegmentsMember bld:ResidentialMember bld:InstallationSegmentMember 2023-01-01 2023-12-31 0001633931 us-gaap:OperatingSegmentsMember bld:ResidentialMember bld:DistributionSegmentMember 2023-01-01 2023-12-31 0001633931 us-gaap:OperatingSegmentsMember bld:RainGuttersMember bld:InstallationSegmentMember 2023-01-01 2023-12-31 0001633931 us-gaap:OperatingSegmentsMember bld:RainGuttersMember bld:DistributionSegmentMember 2023-01-01 2023-12-31 0001633931 us-gaap:OperatingSegmentsMember bld:InsulationAndAccessoriesMember bld:InstallationSegmentMember 2023-01-01 2023-12-31 0001633931 us-gaap:OperatingSegmentsMe