Installed Building Products Q2 revenue record $692.1M; EPS $2.18 vs $2.07 YoY

Installed Building Products, Inc.

2023-Q2 EPS reported $3.92 revenue$1,351,409,000

Net revenue $692.1M (+2.3% YoY); record net income $61.6M (+2.8%).
Diluted EPS $2.18 (+5.3%); adjusted EPS $2.62 (+5.6%).
Adjusted EBITDA record $122.2M (+2.3%); gross margin 33.6% vs 32.0%.
Quarterly dividend raised 5% to $0.33/share, payable Sep 30, 2023.
Seeking to reprice ~$500M Term Loan B; completed two small acquisitions (~$6M combined annual revenue).

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 the second quarter ended June 30, 2023 results: revenue $692.1 million, net income $61.6 million, EPS $2.18 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $692.1 million
Net income: $61.6 million
EPS: $2.18 per diluted share
Result: reported results

Exact text from the filing

Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced results for the second quarter ended June 30, 2023. Second Quarter 2023 Highlights (Comparisons are to Prior Year Period) • Net revenue increased 2.3% to a second quarter record of $692.1 million

View on SEC.gov

Browse all earnings releases →

Installed Building Products, Inc. filing history →

Source: SEC EDGAR

accession 0001580905-23-000031

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.