U.S. Markets closed

TopBuild: 1Q Earnings Snapshot

DAYTONA BEACH, Fla. (AP) _ TopBuild Corp. (BLD) on Tuesday reported first-quarter profit of $38 million.

The Daytona Beach, Florida-based company said it had net income of $1.09 per share. Earnings, adjusted for non-recurring gains, came to $1.06 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share.

The insulation products company posted revenue of $619.3 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $601.3 million.

TopBuild expects full-year revenue in the range of $2.61 billion to $2.67 billion.

TopBuild shares have climbed 64% since the beginning of the year. The stock has decreased 3.5% 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