TopBuild: 2Q Earnings Snapshot
DAYTONA BEACH, Fla. (AP) _ TopBuild Corp. (BLD) on Tuesday reported second-quarter earnings of $27.2 million.
On a per-share basis, the Daytona Beach, Florida-based company said it had profit of 76 cents. Earnings, adjusted for one-time gains and costs, came to $1.03 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The insulation products company posted revenue of $606 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $594.4 million.
TopBuild expects full-year revenue in the range of $2.36 billion to $2.4 billion.
TopBuild shares have increased slightly since the beginning of the year. The stock has climbed 37 percent in the last 12 months.