secwatch.observer — SEC 8-K summary
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Issuer:     Installed Building Products, Inc. (IBP)
CIK:        0001580905
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001580905-24-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBP Q1 record net income $55.9M, EPS $1.97; revenue +5.1% to $692.9M; dividend raised 6%
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- Net revenue $692.9M (+5.1% YoY); net income $55.9M (+13.4%); diluted EPS $1.97 (+13.2%) - all Q1 records.
- Adjusted EPS $2.47 (+14.9%); adjusted EBITDA $117.3M (+11.6%); margin expanded to 16.9% from 15.9%.
- Declared Q2 regular cash dividend $0.35/share (+6% YoY), payable June 30, 2024 to holders of record June 15.
- Two acquisitions: First State Building Products (Mar 2024, ~$5M annual rev) and Trade Partners (Apr 2024, >$6M annual rev).
- Repriced Term Loan B, extended maturity to 2031; cash $399.9M; single-family same-branch sales +1.5%, multi-family +13.0%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580905/000158090524000017/0001580905-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580905/000158090524000017/ibp-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001580905-24-000017

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