DAYTONA BEACH, Fla. (AP) — DAYTONA BEACH, Fla. (AP) — TopBuild Corp. (BLD) on Thursday reported fourth-quarter net income of $104.5 million.
The Daytona Beach, Florida-based company said it had net income of $3.71 per share. Earnings, adjusted for non-recurring costs, came to $4.50 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.39 per share.
The insulation products company posted revenue of $1.49 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $1.48 billion.
For the year, the company reported profit of $521.7 million, or $18.28 per share. Revenue was reported as $5.41 billion.
TopBuild expects full-year revenue in the range of $5.93 billion to $6.23 billion.
TopBuild shares have risen 16% since the beginning of the year. The stock has climbed 56% 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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