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Jun 30, 2021
Installed Building Products Q2 2021 Earnings Report
Installed Building Products reported record results and declared regular quarterly cash dividend.
Key Takeaways
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.
Net revenue increased 23.9% to a record $488.1 million.
Net income increased 46.9% to a record $37.2 million.
Adjusted EBITDA increased 23.7% to a record $78.0 million.
On a same branch basis, volume growth was up 17.0%.
Forward Guidance
Given positive trends, IBP believes 2021 will be another record year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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