DAYTONA BEACH, Fla. (AP) — DAYTONA BEACH, Fla. (AP) — TopBuild Corp. (BLD) on Thursday reported second-quarter earnings of $164.4 million.
The Daytona Beach, Florida-based company said it had profit of $5.18 per share. Earnings, adjusted for non-recurring costs, were $5.25 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.30 per share.
The insulation products company posted revenue of $1.32 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.26 billion.
TopBuild expects full-year revenue in the range of $5.03 billion to $5.18 billion.
TopBuild shares have risen 75% since the beginning of the year. The stock has increased 32% 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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