TopBuild Corp. (BLD) reported a $70.8 million fourth-quarter profit on Tuesday.
The Daytona Beach, Florida-based firm said it had net revenue of $2.13 on a per-share basis. Earnings, adjusted for one-time gains and costs, were $2.15 per share.
Wall Street expectations were surpassed by the results. For earnings of $1.90 per share, the average estimate of three analysts surveyed by Zacks Investment Research was.
In the period, the insulation products company reported revenues of $721.5 million, also exceeding street forecasts. $702.9 million was expected by four analysts surveyed by Zacks.
The company reported $247 million in profit for the year, or $7.42 per share. The income was reported as 2.72 billion dollars.
TopBuild expects revenue in the range of $3.05 billion to $3.15 billion for the full year.
Since the start of the year, TopBuild shares have risen by slightly more than 9 percent. In the last 12 months, the stock has climbed 62 percent.