07:36 AM EDT, 05/07/2024 (MT Newswires) -- TopBuild ( BLD ) reported Q1 adjusted earnings Tuesday of $4.81 per diluted share, up from $4.36 a year earlier.

Analysts polled by Capital IQ expected $4.56.

Revenue for the quarter ended March 31 was $1.28 billion, up from $1.27 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.30 billion.

The company increased its full-year 2024 revenue outlook to $5.4 billion to $5.6 billion. That compares with $5.36 billion to $5.56 billion previously. Analysts surveyed by Capital IQ expect $5.50 billion.

The company said its board has authorized the repurchase of up to $1 billion of its outstanding common stock. The new authorization brings the total availability for share repurchases to $1.15 billion, the company said.

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