TopBuild: 2Q Earnings Snapshot
DAYTONA BEACH, Fla. (AP) _ TopBuild Corp. (BLD) on Thursday reported second-quarter earnings of $52.1 million.
On a per-share basis, the Daytona Beach, Florida-based company said it had net income of $1.51. Earnings, adjusted for one-time gains and costs, were $1.43 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The insulation products company posted revenue of $660.1 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $678.9 million.
TopBuild expects full-year revenue in the range of $2.61 billion to $2.64 billion.
TopBuild shares have risen 80% since the beginning of the year. The stock has climbed 9% in the last 12 months.