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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.

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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

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