DAYTONA BEACH, Fla. (AP) _ TopBuild Corp. (BLD) on Thursday reported first-quarter earnings of $114.7 million.

The Daytona Beach, Florida-based company said it had profit of $3.47 per share. Earnings, adjusted for non-recurring costs, came to $3.50 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.85 per share.

The insulation products company posted revenue of $1.17 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.08 billion.

TopBuild expects full-year revenue in the range of $4.65 billion to $4.8 billion.

TopBuild shares have fallen 30% since the beginning of the year. The stock has dropped 16% 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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