AP NEWS

TopBuild: 3Q Earnings Snapshot

October 31, 2019

DAYTONA BEACH, Fla. (AP) _ TopBuild Corp. (BLD) on Thursday reported third-quarter net income of $55 million.

On a per-share basis, the Daytona Beach, Florida-based company said it had profit of $1.60. Earnings, adjusted for one-time gains and costs, were $1.53 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.

The insulation products company posted revenue of $682.3 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $671.2 million.

TopBuild expects full-year revenue in the range of $2.63 billion to $2.65 billion.

TopBuild shares have more than doubled since the beginning of the year. The stock has more than doubled 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