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Sep 30, 2021
Installed Building Products Q3 2021 Earnings Report
Installed Building Products reported record revenues and strong profitability.
Key Takeaways
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.
Net revenue increased 21.2% to a record $509.8 million.
Net income increased 24.3% to $34.9 million.
Adjusted net income per diluted share increased 23.1% to $1.49.
Price/mix growth increased 7.2% during the third quarter.
Forward Guidance
The company believes 2021 will be another record year.
Challenges Ahead
- Supply chain disruptions will continue into 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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