8-K
filed February 22, 2024, 6:59 PM ET
ticker IBP
CIK 0001580905
earnings
confidence high
sentiment positive
materiality 0.80
IBP Q4 record revenue $720.7M, adj. EPS $2.72; dividend up 6%, $300M buyback authorized
Installed Building Products, Inc.
2023-FY EPS reported
$8.61
revenue$2,778,600,000
- Q4 net revenue $720.7M (+5.0% YoY); net income $64.9M ($2.29 diluted EPS).
- Adjusted net income per diluted share $2.72 (+11.9% YoY); adjusted EBITDA $128.3M (+11.2%).
- Full-year 2023 record revenue $2.8B (+4.1%); net income $243.7M ($8.61 diluted EPS).
- Quarterly dividend raised 6% to $0.35/share; annual variable dividend $1.60/share (up $0.70).
- New $300M stock repurchase program authorized; 8 acquisitions closed in 2023; 2024 target $100M acquired revenue.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Installed Building Products, Inc. reported financial results for the twelve months ended December 31, 2023.
- Period
- the twelve months ended December 31, 2023
- Result
- reported results
Exact text from the filing
On February 22, 2024, Installed Building Products, Inc. (the “Company”) issued a press release reporting the financial results for the three and twelve months ended December 31, 2023.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
Installed Building Products, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $720.7 million, net income $64.9 million, EPS $2.29 per diluted share.
- Period
- the fourth quarter ended December 31, 2023
- Revenue
- $720.7 million
- Net income
- $64.9 million
- EPS
- $2.29 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 fourth quarter ended December 31, 2023. Fourth Quarter 2023 Highlights (Comparisons are to Prior Year Period) • Net revenue increased 5.0% to a record $720.7 million
View on SEC.gov
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