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Dec 31, 2019
Installed Building Products Q4 2019 Earnings Report
Installed Building Products reported record results for Q4 and Fiscal Year 2019.
Key Takeaways
Installed Building Products reported a strong year with record revenue and earnings, benefiting from a pricing environment more in line with historical trends and positive overall market dynamics. The company's diversification strategies and acquisition growth contributed to the results. Net revenue increased 13.6% to a quarterly record of $401.2 million and net income increased 16.5% to a record $19.2 million.
Net revenue increased 13.6% to a quarterly record of $401.2 million.
Large commercial construction revenue increased 10.2%.
Net income increased 16.5% to a record $19.2 million.
Adjusted net income per diluted share increased 27.8% to $0.92.
Forward Guidance
The housing market remains healthy, the pricing environment continues to follow historic trends, and the company expects to continue to benefit from its national platform, profit-focused business model, and increasing diversification.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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