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Sep 30, 2025
Installed Building Products Q3 2025 Earnings Report
Installed Building Products posted record third quarter results with increased revenue and earnings per share.
Key Takeaways
IBP reported all-time high quarterly revenue and net income, supported by growth in its installation and other revenue segments, with strong performance in commercial installations offsetting a decline in residential.
Revenue reached a record $778.2 million, driven by strength in commercial installations and acquisitions.
Net income rose to $74.4 million, representing a 9.6% profit margin.
Adjusted EPS was $3.18, up from $2.85 last year.
Installation segment gross margin improved to 36.9% from 36.1% in the prior year.
Revenue by Segment
Forward Guidance
IBP expects to continue executing its acquisition-driven growth strategy while managing through mixed housing market conditions.
Positive Outlook
- Continued focus on profitable growth through acquisitions
- Recent acquisitions totaling over $39 million in annual revenue
- Strong commercial performance offsetting residential softness
- Cash dividend increased by 6% from the prior year
- Resilient margins amid challenging market dynamics
Challenges Ahead
- Residential same-branch sales declined 2.8%
- Multi-family segment experienced a 6.4% drop in sales
- Job volume decreased 4.8% year-over-year
- U.S. multi-family completions fell by 25.4%
- Guidance suggests some acquisition targets may slip into 2026
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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