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Installed Building Products Q1 2025 Earnings Report
Installed Building Products reported its first quarter 2025 financial results, showing a slight decrease in net revenue and net income compared to the prior year period.
Key Takeaways
Installed Building Products, Inc. reported a net revenue of $684.8 million for the first quarter of 2025, a 1.2% decrease from the prior year. Net income decreased to $45.4 million, and diluted EPS was $1.64. The company maintained strong operating cash flow and continued its capital allocation initiatives, including share repurchases and dividends.
Net revenue decreased by 1.2% to $684.8 million in Q1 2025 compared to Q1 2024.
Net income for Q1 2025 was $45.4 million, down from $55.9 million in Q1 2024.
Diluted earnings per share were $1.64, a decrease from $1.97 in the prior year period.
The company generated $92.1 million in net cash flow from operations, an 8.6% increase year-over-year.
Installed Building Products
Installed Building Products
Installed Building Products Revenue by Segment
Revenue by Segment
Installation Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
The company expects housing demand to remain connected to changes in affordability and the macroeconomic backdrop this year, but believes long-term opportunities across residential and commercial end markets remain attractive. They will continue to focus on capital allocation and operational improvements.
Positive Outlook
- Long-term opportunities across residential and commercial end markets remain attractive.
- Business model sources vast amount of products domestically, reducing import tariff impact.
- Business continues to generate strong operating cash flow.
- Committed to investing in the business and prudently returning capital to shareholders.
- Focus on remaining disciplined in capital allocation initiatives and driving operational and financial improvements.
Challenges Ahead
- Core homebuilding customers continue to navigate industry-wide housing affordability challenges.
- Slower-than-expected spring selling season.
- Housing demand remains connected to changes in affordability and macroeconomic backdrop.
- Higher administrative wages and higher facility costs impacted net profit, adjusted net profit, and adjusted EBITDA margins.
- Higher vehicle insurance and depreciation expense impacted gross profit and adjusted gross profit margins.
Revenue & Expenses
Visualization of income flow from segment revenue to net income