TopBuild: 3Q Earnings Snapshot
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.