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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.
Installed Building Products
Installed Building Products
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.