TopBuild: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 07:10 AM ET
Last Updated - Jun 21, 2023, 10:57 PM EDT
DAYTONA BEACH, Fla. (AP) — DAYTONA BEACH, Fla. (AP) — TopBuild Corp. (BLD) on Thursday reported first-quarter profit of $135.9 million.
On a per-share basis, the Daytona Beach, Florida-based company said it had profit of $4.28. Earnings, adjusted for non-recurring costs, came to $4.36 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.06 per share.
The insulation products company posted revenue of $1.27 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.26 billion.
