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Jun 30
Installed Building Products Q2 2025 Earnings Report
Installed Building Products reported record second quarter 2025 results with increased revenue, net income, and adjusted EBITDA.
Key Takeaways
Installed Building Products achieved record second quarter results, with net revenue increasing 3.1% to $760.3 million and net income rising 5.8% to $69.0 million. Adjusted EBITDA also saw a 3.2% increase to $134.0 million, demonstrating strong financial performance driven by high-value installation services and strategic acquisitions.
Net revenue reached a second quarter record of $760.3 million, marking a 3.1% increase year-over-year.
Net income grew by 5.8% to $69.0 million, and diluted EPS increased by 9.6% to $2.52.
Adjusted EBITDA rose 3.2% to $134.0 million, maintaining a strong adjusted EBITDA margin of 17.6%.
The company continued its acquisition strategy, adding over $10 million in annual revenue to date in 2025, and repurchased $49.2 million of common stock.
Installed Building Products
Installed Building Products
Installed Building Products Revenue by Segment
Revenue by Segment
Installation Revenue
CapyFin.comOther Revenue
CapyFin.comResidential New Construction Revenue
CapyFin.comRepair and Remodel Revenue
CapyFin.comCommercial Revenue
CapyFin.com Forward Guidance
Installed Building Products expects housing affordability to remain a challenge in the near-term but remains confident in the long-term fundamentals of the U.S. housing industry and its growth-focused capital allocation strategy. The company continues to prioritize profitable growth through acquisitions, aiming for at least $100 million in annual revenue from acquisitions.
Positive Outlook
- Confidence in the long-term fundamentals of the U.S. housing industry.
- Continued focus on a growth-focused capital allocation strategy.
- Disciplined approach to acquisitions with a focus on favorable returns on invested capital.
- Identification of opportunities to enhance operational and financial performance.
- Commitment to returning capital to shareholders through dividends and share repurchases.
Challenges Ahead
- Expectation that housing affordability will remain a challenge over the near-term.
- No specific negative financial guidance provided beyond general market challenges.
- No explicit mention of potential headwinds from interest rates or inflation.
- No specific concerns raised about labor availability or material costs.
- No direct mention of competitive pressures impacting future performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income