TopBuild: 3Q Earnings Snapshot

November 6, 2018

DAYTONA BEACH, Fla. (AP) _ TopBuild Corp. (BLD) on Tuesday reported third-quarter earnings of $42.7 million.

On a per-share basis, the Daytona Beach, Florida-based company said it had net income of $1.19. Earnings, adjusted for one-time gains and costs, were $1.23 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The insulation products company posted revenue of $647.3 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $639.1 million.

TopBuild expects full-year revenue in the range of $2.38 billion to $2.4 billion.

TopBuild shares have decreased 35 percent since the beginning of the year. The stock has decreased 23 percent in the last 12 months.


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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