DAYTONA BEACH, Fla. (AP) — DAYTONA BEACH, Fla. (AP) — TopBuild Corp. (BLD) on Thursday reported first-quarter profit of $135.9 million.
On a per-share basis, the Daytona Beach, Florida-based company said it had profit of $4.28. Earnings, adjusted for non-recurring costs, came to $4.36 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.06 per share.
The insulation products company posted revenue of $1.27 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.26 billion.
TopBuild expects full-year revenue in the range of $4.7 billion to $4.9 billion.
TopBuild shares have increased 42% since the beginning of the year. The stock has risen 20% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLD at https://www.zacks.com/ap/BLD
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