Installed Building Products Earnings Reports

Installed Building Products posted a record Q4 2024 revenue of $750.2 million, a 4.1% year-over-year increase. Net income rose 3.1% to $66.9 million, with adjusted net income reaching $80.6 million. The installation segment drove growth, supported by acquisitions and increased residential activity. The company maintained strong profitability despite a slight decline in gross margin.

Installed Building Products reported record third-quarter revenue of $760.6 million, a 7.7% increase year-over-year, driven by growth across all end markets and recent acquisitions. Net income increased to $68.6 million, or $2.44 per diluted share, and adjusted EBITDA reached a record $132.3 million. The company continues to execute its capital allocation strategy, including acquisitions and share repurchases.

Installed Building Products reported a strong second quarter with net revenue increasing by 6.6% to $737.6 million and net income increasing by 5.8% to $65.2 million. The company's growth was supported by positive trends in residential end markets and contributions from recent acquisitions. IBP continues to focus on organic growth and accretive acquisitions to create long-term shareholder value.

Installed Building Products reported a 5.1% increase in net revenue to $692.9 million and a 13.4% increase in net income to $55.9 million for the first quarter of 2024. The company saw growth in installation revenue, driven by single-family and multi-family sales, as well as contributions from recent acquisitions. They declared a second quarter dividend of $0.35 per share.

Installed Building Products reported a 5.0% increase in net revenue to a record $720.7 million for the fourth quarter of 2023. Net income was $64.9 million, or $2.29 per diluted share. The company's performance was driven by healthy sales in multi-family and commercial end-markets offsetting softer single-family sales.

Installed Building Products reported a slight decrease in net revenue, but achieved record net income and adjusted EBITDA. The company's diversification strategy helped offset softer single-family sales with growth in multi-family and commercial sectors. IBP continues to focus on value over volume, resulting in strong margins and profitability.

Installed Building Products reported a 2.3% increase in net revenue to a record $692.1 million for the second quarter of 2023. Net income increased by 2.8% to a record $61.6 million, with earnings per diluted share rising by 5.3% to $2.18. The company's multifamily business saw a 38.3% increase on a same branch basis, offsetting softer single-family sales.

Installed Building Products reported a record first quarter in 2023, with net revenue increasing by 12.2% to $659.3 million and net income increasing by 45.7% to $49.3 million. The company's performance was driven by recent acquisitions and robust same-branch growth, particularly in the multifamily and light commercial end markets. IBP continues to prioritize installation job profitability over volume.

Installed Building Products reported a strong fourth quarter and fiscal year 2022, achieving record revenue, net income, and adjusted EBITDA. The company focused on supporting residential and commercial customers, managing market demand, and aligning selling prices. IBP completed eight acquisitions during 2022, contributing to its growth.

Installed Building Products reported a record third quarter with net revenue increasing by 41.1% to $719.1 million and net income increasing by 74.8% to $61.0 million. The company benefited from strong growth across residential end-markets and positive price/mix trends.

Installed Building Products reported a record second quarter with net revenue increasing by 38.7% to $676.7 million and net income increasing by 61.0% to $59.9 million. The company's success was driven by strong end-market demand and the effective alignment of selling prices with customer value.

Installed Building Products reported a record first quarter in 2022, with net revenue increasing by 34.4% to $587.5 million. The company experienced strong growth across its residential new construction, repair and remodel, and commercial markets. Net income increased by 95.6% to $33.8 million, and adjusted net income per diluted share increased by 71.1% to $1.54.

Installed Building Products announced record results for the fourth quarter ended December 31, 2021, with net revenue increasing 20.9% to $533.7 million and net income increasing 5.5% to $29.4 million.

Installed Building Products reported a record third quarter with net revenue increasing by 21.2% to $509.8 million and net income increasing by 24.3% to $34.9 million.

Installed Building Products reported a record second quarter with net revenue increasing by 23.9% to $488.1 million and net income increasing by 46.9% to $37.2 million.

Installed Building Products reported a record first quarter with net revenue increasing by 10.0% to $437.1 million and net income increasing by 8.1% to $17.3 million. The company successfully navigated operating challenges, including the COVID-19 crisis and February winter storms, while also completing three acquisitions.

Installed Building Products announced record results for the fourth quarter and fiscal year ended December 31, 2020. Net revenue increased 10.0% to a quarterly record of $441.5 million and Net income increased 45.0% to $27.8 million.

Installed Building Products reported record third-quarter results, with net revenue increasing by 6.1% to $420.5 million and net income increasing by 32.4% to $28.1 million. The company's performance was driven by strong residential sales and improved gross profit margins.

Installed Building Products reported a record second quarter with a 6.0% increase in net revenue to $393.9 million and a 33.9% increase in net income to $25.3 million, driven by diversification strategies and pricing benefits, despite challenges from temporary branch closures due to COVID-19.

Installed Building Products reported a strong first quarter in 2020, achieving record revenue, earnings, and adjusted EBITDA. The company's balance sheet and access to capital remain strong, allowing them to navigate the economic uncertainty caused by the COVID-19 crisis.

Installed Building Products reported a strong year with record revenue and earnings, benefiting from a pricing environment more in line with historical trends and positive overall market dynamics. The company's diversification strategies and acquisition growth contributed to the results. Net revenue increased 13.6% to a quarterly record of $401.2 million and net income increased 16.5% to a record $19.2 million.