DAYTONA BEACH, Fla. (AP) _ TopBuild Corp. (BLD) on Thursday reported first-quarter profit of $59.8 million.

The Daytona Beach, Florida-based company said it had net income of $1.80 per share. Earnings, adjusted for one-time gains and costs, were $2.02 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.

The insulation products company posted revenue of $742.8 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $736 million.

TopBuild expects full-year revenue in the range of $3.22 billion to $3.32 billion.

TopBuild shares have climbed 25% since the beginning of the year. The stock has more than doubled 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

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