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BRIEF-Topbuild reports Q1 loss per share $0.05 from continuing operations

May 9 Topbuild Corp:

* Topbuild reports strong first quarter 2017 results

* Q1 loss per share $0.05 from continuing operations

* Q1 sales $441.4 million versus I/B/E/S view $431.8 million

* Q1 earnings per share view $0.36 -- Thomson Reuters I/B/E/S

* Q1 adjusted earnings per share $0.46 from continuing operations

* Topbuild Corp qtrly gross margin expanded 140 basis points to 23.0pct

* Topbuild Corp - has entered into agreement with BOFAML to repurchase $100 million of co's common stock under accelerated share repurchase (asr) program

* Topbuild Corp - accelerated share repurchase is part of topbuild's $200 million share repurchase program

* Topbuild Corp - under terms of ASR agreement, company will pay $100 million to bofaml

* Topbuild Corp - final settlement of transaction under ASR is expected to occur no later than Q1 of 2018 Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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