earnings
confidence high
sentiment positive
materiality 0.85
IBP reports record Q4: revenue $686.5M, net income $68.7M; dividend $0.33 (+5%) and $0.90 variable; new $200M buyback
Installed Building Products, Inc.
2022-FY EPS reported
$7.74
revenue$2,669,844,000
- Q4 net revenue $686.5M (+28.6% YoY); net income $68.7M (+134%); adjusted EPS $2.43 (+71.1%).
- Full year 2022 revenue record $2.7B (+35.6%); adjusted EBITDA $439.3M (+53.9%).
- Board declared Q1 regular dividend $0.33/share (5% increase) and annual variable dividend $0.90/share, payable March 31, 2023.
- New $200M stock repurchase program authorized through March 1, 2024; $137.6M spent on buybacks in 2022.
- Completed eight acquisitions in 2022 (~$109M annual revenue); expects at least $100M in 2023; acquired Four State Insulation in Feb 2023.