secwatch.observer — SEC 8-K summary
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Issuer:     Installed Building Products, Inc. (IBP)
CIK:        0001580905
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001580905-23-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580905/000158090523000031/0001580905-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580905/000158090523000031/ibp-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001580905-23-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer