secwatch.observer — SEC 8-K summary
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Issuer:     Installed Building Products, Inc. (IBP)
CIK:        0001580905
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001580905-24-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBP Q4 record revenue $720.7M, adj. EPS $2.72; dividend up 6%, $300M buyback authorized
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580905/000158090524000006/0001580905-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580905/000158090524000006/ibp-20240222.htm
  HTML page:      https://secwatch.observer/filing/0001580905-24-000006

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