secwatch.observer — SEC 8-K summary
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Issuer:     Installed Building Products, Inc. (IBP)
CIK:        0001580905
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001580905-23-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBP posts record Q3 net income $68M ($2.40 EPS); adjusted EPS $2.79; declares $0.33 dividend
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- Net revenue $706.5M (-1.8% YoY); net income $68.0M (+11.5%); record net income margin 9.6%.
- Adjusted EBITDA record $130.5M, margin 18.5% (up from 16.7%).
- Quarterly dividend $0.33/share (+5% YoY), payable Dec 31 to holders of record Dec 15.
- COO Jay Elliott retiring Dec 31; Brad A. Wheeler named successor effective Jan 1, 2024.
- YTD acquisitions $58M annual revenue; expects to fall short of $100M goal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580905/000158090523000050/0001580905-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580905/000158090523000050/ibp-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001580905-23-000050

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