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Dec 31, 2020
Installed Building Products Q4 2020 Earnings Report
Installed Building Products reported record results for the fourth quarter 2020.
Key Takeaways
Installed Building Products announced record results for the fourth quarter and fiscal year ended December 31, 2020. Net revenue increased 10.0% to a quarterly record of $441.5 million and Net income increased 45.0% to $27.8 million.
Net revenue increased 10.0% to a quarterly record of $441.5 million
Large commercial construction revenue grew 40.4%, and was up 6.4% on a same branch basis
Net income increased 45.0% to $27.8 million
Net income per diluted share increased 46.9% to $0.94
Installed Building Products
Installed Building Products
Installed Building Products Revenue by Geographic Location
Forward Guidance
The company believes most of their markets will remain strong in 2021 and they expect 2021 will be another good year of growth and profitability for IBP, despite the continued effects of the COVID-19 pandemic.
Positive Outlook
- Markets will remain strong in 2021
- 2021 will be another good year of growth
- 2021 will be another good year of profitability
- Executing on acquisition strategy
- Commitment to create long-term value for shareholders
Challenges Ahead
- Continued effects of the COVID-19 pandemic
- Risk of reducing, suspending, or eliminating dividend payments
- General economic and industry conditions
- Material price environment
- Timing of increases in selling prices