TopBuild Corp (BLD) reported quarterly earnings results on Wednesday, May-11-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.16. Analysts had a consensus of $0.15. The company posted revenue of $414.00 million in the period, compared to analysts expectations of $387.91 million. The company’s revenue was up 15.5% compared to the same quarter last year.
TopBuild Corp opened for trading at $32.63 and hit $32.8 on the upside on Tuesday, eventually ending the session at $32.6, with a gain of 0.46% or 0.15 points. The heightened volatility saw the trading volume jump to 4,52,590 shares. Company has a market cap of $1,233 M.
In a different news, on Nov 18, 2015, Joseph S Cantie (director) purchased 8,750 shares at $28.56 per share price.
TopBuild Corp. formerly Masco SpinCo Corp. is an installer and distributor of insulation products to construction industry. The Company operates through two segments: Installation and Distribution. Its segments serve three lines of business: residential new construction residential repair or remodel and commercial construction. Its Installation segment provides installation services across the United States through its TruTeam Contractor Services business. The Installation segment includes the sale and installation of insulation and other building products through its network of over 190 branches located across 43 states in the United States. The Company’s Distribution segment includes the distribution of insulation and other building products. The Distribution segment’s products include insulation insulation accessories rain gutters and roofing among others. The Company has over 72 distribution centers located in approximately 35 states.