IBP Q1 record revenue $659M (+12% YoY), EPS $1.74; declares Q2 dividend $0.33

Installed Building Products, Inc.

2023-Q1 EPS reported $1.74 revenue$659,309,000

Net revenue record $659.3M, up 12.2% YoY; net income $49.3M, +45.7%.
Adjusted EBITDA record $105.0M (+24.7%); adjusted EPS $2.15 vs $1.54 YoY.
Q2 regular cash dividend $0.33/share (+5% YoY), payable June 30, 2023.
Year-to-date acquisitions total ~$46M annual revenue; targeting ≥$100M for FY.
Multifamily residential same-branch sales up 37.9%; commercial same-branch +22.4%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Installed Building Products, Inc. reported financial results for the three months ended March 31, 2023.

Period: the three months ended March 31, 2023
Result: reported results

Exact text from the filing

On May 4, 2023, Installed Building Products, Inc. (the “Company”) issued a press release reporting the financial results for the three months ended March 31, 2023.

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Installed Building Products, Inc. filing history →

Source: SEC EDGAR

accession 0001580905-23-000020

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